![]() The NAIMA project is expected to demonstrate that two new generations of highly competitive and safe sodium ion cells developed and tested during the project are some of the most robust and cost-effective alternatives to current and future Li-based technologies for storage applications. The duration of the program is 36 months, which started in December 2019 and is expected to end in December 2022. The European Commission awarded this project a Horizon2020 program grant of almost EUR 8 million. In January 2020, the new EU-funded project NAIMA, "Na-Ion materials are essential components to manufacture reliable battery cells for non-automotive applications," which started in France. The automotive sodium ion battery market is projected to grow as a result of all these causes. As a result, several battery manufacturers are looking into the prospect of using sodium ion batteries in place of conventional lithium-ion batteries in upcoming electric cars. With further technological advancements, this problem should be resolved in the coming years. However, compared to lithium-ion, sodium ion batteries have a lower energy density. Sustainability, affordability, and greater safety are just a few of the significant benefits sodium ion batteries may provide to EV manufacturers and consumers. The transition to sodium battery cells will be simpler for manufacturers as handling sodium-based chemicals may be accomplished using the same equipment that handles lithium-ion components.Īs sodium metal is so widely accessible, sodium ion batteries are more likely to be long-lasting, which helps meet the growing need for a dependable power source. Growth in consumer demand for sodium ion batteries, notably in the automotive, electronics, and electrical industries, has led to an expansion of the global automotive sodium ion battery market growth. These batteries are appropriate for situations where compactness is secondary.Įnergy is stored in the form of chemical bonds at the anode. Sodium ion batteries are in high demand due to their easy availability and accessibility. Sodium ion batteries are gaining appeal as an alternative energy storage solution for automobiles, aircraft, and marine applications, among others. Li-ion battery materials cost higher than sodium ion battery materials. A sodium ion (Si-ion) battery is a great replacement for a lithium-ion (Li-ion) battery. These batteries are now being used in electric automobiles. Sodium ion batteries offer high electrochemical quality in terms of charge-discharge, reversibility, and specific discharge capacity. According to a new report published by Allied Market Research, titled, “ Sodium Ion Battery Market," The sodium ion battery market size was valued at $0.3 billion in 2021, and sodium ion battery industry is estimated to reach $1.2 billion by 2031, growing at a CAGR of 15.9% from 2022 to 2031.Īn avail sample report with Industry Insights: Sodium ions de-intercalate from the cathode and move to the anode when the battery is charged.
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