Emerging Technology Innovations in Sodium-ion Batteries

Emerging Technology Innovations in Sodium-ion Batteries

A Lower Levelized Cost of Storage and Enhanced Safety Characteristics Drive Sodium-ion Batteries Toward Successful Commercialization

RELEASE DATE
26-Jun-2023
REGION
Global
Research Code: DA99-01-00-00-00
SKU: EG02330-GL-TR_27811
AvailableYesPDF Download
$4,950.00
In stock
SKU
EG02330-GL-TR_27811
$4,950.00
DownloadLink
ENQUIRE NOW

Description

The world requires more energy storage solutions for a vast range of applications—electric mobility, on-grid and off-grid stationary energy storage, consumer electronics, and data centers, among others. Lithium-ion batteries, currently the most widespread energy storage technology, face many issues that novel energy storage technologies must overcome as energy demand grows. These issues include a growing strain on the supply chain as demand rises exponentially, issues with mining the metals used in them (nickel and cobalt), safety issues, and high costs.

Sodium-ion batteries provide an attractive value proposition as they can potentially overcome said challenges. Their manufacturing uses abundant materials—such as sodium and aluminum—which are unlikely to suffer from supply chain disruptions and are often locally available, thus supporting local manufacturing. This is a growing concern across the globe as the Russo-Ukrainian War and the China-Taiwan conflict disrupt markets. Moreover, sodium-ion batteries are safer than lithium-ion ones, as they are less prone to thermal runaway and can work in a wider ambient temperature range.

Sodium-ion batteries’ working mechanism is analogous to that of lithium-ion ones since they belong to the same family of alkali metals and share similar chemical properties. With some modifications, current production facilities can manufacture sodium-ion batteries, thus enabling manufacturing to scale up rapidly.

This Frost & Sullivan report describes the technology landscape of sodium-ion batteries, their working mechanism and typical materials used for manufacturing; growth drivers and restraints; and a comparative analysis versus lithium-ion, lithium-sulfur, vanadium redox flow, and metal-air batteries according to standard parameters—energy density, cost, and round trip efficiency, among others. Finally, this study includes an analysis of the technology’s company innovation landscape, its patent landscape, and detailed growth opportunity analysis and calls to action that will be key enablers for its adoption.

RESEARCH: INFOGRAPHIC

This infographic presents a brief overview of the research, and highlights the key topics discussed in it.
Click image to view it in full size

Table of Contents

Why Is It Increasingly Difficult to Grow?The Strategic Imperative 8™: Factors Creating Pressure on Growth

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the Sodium-ion Battery Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Research Methodology

Scope of Analysis

Segmentation

Growth Drivers

Growth Restraints

Sodium-ion Batteries: Introduction and Working Mechanism

Advantages, Challenges, and the Commercialization Path for SIBs

Materials and Components Used in SIBs

Comparative Analysis of SIBs and LIBs

Comparative Analysis of SIBs and Other Battery Chemistries

Prospective Applications for SIBs

Some Prominent Global Stakeholders Involved in SIB Development

Natron Energy, United States

Faradion, United Kingdom

Other Key SIB Developers

Patent Landscape

SIB Manufacturers’ Funding Information

Growth Opportunity 1: Repurposing Existing Battery Manufacturing Expertise and Infrastructure for Faster Commercialization

Growth Opportunity 1: Repurposing Existing Battery Manufacturing Expertise and Infrastructure for Faster Commercialization (continued)

Growth Opportunity 2: Strategic Collaborations Between Academia and Industry to Drive Technical Advancement

Growth Opportunity 2: Strategic Collaborations Between Academia and Industry to Drive Technical Advancement (continued)

Growth Opportunity 3: Incorporating Artificial Intelligence and Digital Twin Technologies to Find Advanced Materials

Growth Opportunity 3: Incorporating Artificial Intelligence and Digital Twin Technologies to Find Advanced Materials (continued)

Your Next Steps

Why Frost, Why Now?

Legal Disclaimer

The world requires more energy storage solutions for a vast range of applications—electric mobility, on-grid and off-grid stationary energy storage, consumer electronics, and data centers, among others. Lithium-ion batteries, currently the most widespread energy storage technology, face many issues that novel energy storage technologies must overcome as energy demand grows. These issues include a growing strain on the supply chain as demand rises exponentially, issues with mining the metals used in them (nickel and cobalt), safety issues, and high costs. Sodium-ion batteries provide an attractive value proposition as they can potentially overcome said challenges. Their manufacturing uses abundant materials—such as sodium and aluminum—which are unlikely to suffer from supply chain disruptions and are often locally available, thus supporting local manufacturing. This is a growing concern across the globe as the Russo-Ukrainian War and the China-Taiwan conflict disrupt markets. Moreover, sodium-ion batteries are safer than lithium-ion ones, as they are less prone to thermal runaway and can work in a wider ambient temperature range. Sodium-ion batteries’ working mechanism is analogous to that of lithium-ion ones since they belong to the same family of alkali metals and share similar chemical properties. With some modifications, current production facilities can manufacture sodium-ion batteries, thus enabling manufacturing to scale up rapidly. This Frost & Sullivan report describes the technology landscape of sodium-ion batteries, their working mechanism and typical materials used for manufacturing; growth drivers and restraints; and a comparative analysis versus lithium-ion, lithium-sulfur, vanadium redox flow, and metal-air batteries according to standard parameters—energy density, cost, and round trip efficiency, among others. Finally, this study includes an analysis of the technology’s company innovation landscape, its patent landscape, and detailed growth opportunity analysis and calls to action that will be key enablers for its adoption.
More Information
Author Pankaj Gaur
Industries Energy
No Index No
Is Prebook No
Keyword 1 Emerging Technologies
Keyword 2 Sodium Battery Technology
Keyword 3 Sodium Ion Battery
Podcast No
WIP Number DA99-01-00-00-00