Peak Energy's Sodium-Ion Batteries: A Game Changer

On November twelfth, a groundbreaking energy storage deal was announced, marking a significant shift towards sodium-ion batteries. Peak Energy, a US-based company, agreed to supply up to 4.75 gigawatt-hours of sodium-ion battery technology to Jupiter Power. This massive agreement, set to roll out between 2027 and 2030, is the largest single deployment of sodium-ion batteries worldwide. The deal, potentially worth over $500 million, highlights the growing belief in sodium-ion batteries as a stable and affordable alternative to lithium-ion for large-scale energy storage. Peak Energys sodium-ion batteries offer lower operating and maintenance costs, less wear and tear, and unique design features that could cut down on extra power use by up to 97%. This agreement marks a significant step for the US in building its own sodium-ion battery supply chain.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.