US-based Acculon Energy has announced series production of its sodium-ion battery modules and packs for mobility and stationary energy storage applications. Scaled production of 2 GWh is scheduled to start in mid-2024.
Global demand for sodium-ion batteries is expected to grow to just under 70 GWh in 2033, from 10 GWh in 2025, at a compound annual growth rate (CAGR) of 27%, according to UK-based market research company IDTechEx.
A report on the prospects for a mooted $2.6tn electric vehicle market over the next decade says PHEVs – part electric, part gas-guzzling – are already losing market share rapidly to pure electric rivals, and will be extinct by 2030.
All-electric buses will cost the same as diesel options by 2030 – and possibly earlier – according to research into the global EV market.
While it took 60 months to reach the first million electric vehicle (EV) sales, in late 2015, it took the fourth million just six months. China is driving this development. Meanwhile, as first generation EVs batteries are reaching their end-of-life, interest in second-life use cases is growing. The volume of retired EV battery packs is set to be 108 GWh by 2029 – representing a third of the expected storage capacity market at that time.
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