Takeaway energy storage lithium battery

Why are lithium-ion batteries so popular?

Lithium-ion batteries have emerged as a leading energy storage technology, powering various devices from smartphones to electric vehicles (EVs) and even stationary energy storage systems. Over the years, lithium-ion battery prices have experienced significant reductions, making them more accessible and attractive for various applications.

Could lithium-sulfur technology unlock better batteries for electric vehicles?

Some companies are looking beyond lithium for stationary energy storage. Dig into the prospects for sodium-based batteries in this story from last year. Lithium-sulfur technology could unlock cheaper, better batteries for electric vehicles that can go farther on a single charge.

Could sodium-ion batteries be a cheaper alternative to lithium ion?

A new factory will be the first full-scale plant to produce sodium-ion batteries in the US. The chemistry could provide a cheaper alternative to the standard lithium-ion chemistry and avoid material constraints. (Bloomberg)

Will lithium-ion battery prices drop again in 2024?

Lithium, nickel, and cobalt, critical raw materials for lithium-ion batteries, are expected to ease further in 2024, contributing to the drop in battery pack prices. BNEF expects average battery pack prices to drop again next year, reaching $133/kWh (in real 2023 dollars).

Could a new lithium ion reactor be a cheaper alternative?

The new reactor will provide electricity for up to 500,000 homes and businesses. (Axios) A new factory will be the first full-scale plant to produce sodium-ion batteries in the US. The chemistry could provide a cheaper alternative to the standard lithium-ion chemistry and avoid material constraints.