Sodium-ion batteries approach cost parity with LFP, with 70 GWh covered by supply agreements
- Sodium-ion batteries are approaching cell-level cost parity with LFP technology, with supply agreements exceeding 70 GWh worldwide.
- Despite higher upfront costs, they could offer a 21% lower total cost of ownership over 20 years, according to Wood Mackenzie.
- Sodium-ion battery technology is entering the commercial production phase and emerging as an alternative to lithium-ion batteries, driven by supply chain diversification, strong low-temperature performance, and the potential for lower total cost of ownership.
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- Sodium-ion batteries are approaching cell-level cost parity with LFP technology, with supply agreements exceeding 70 GWh worldwide.
- Despite higher upfront costs, they could offer a 21% lower total cost of ownership over 20 years, according to Wood Mackenzie.
- Sodium-ion battery technology is entering the commercial production phase and emerging as an alternative to lithium-ion batteries, driven by supply chain diversification, strong low-temperature performance, and the potential for lower total cost of ownership.
Sources: Pv-magazine