background image

Battery technology: advancements and emerging alternatives

author image

By illuminem briefings

· 2 min read

illuminem summarizes for you the essential news of the day. Read the full piece in Energy Portal or enjoy below 

🗞️ Driving the news: The EV battery technology continues to evolve, with a shift from nickel-based Li-ion batteries to lithium iron phosphate (LFP) batteries and the emergence of sodium-ion (Na-ion) batteries
• Nickel-based Li-ion batteries provide excellent energy density, their high cost and ethical issues due to cobalt and lithium usage pose challenges
• China-made LFP batteries are affordable and devoid of scarcity and ethical dilemmas tied to nickel and cobalt, presenting a compelling alternative

🔭 The context: In 2022, nickel-based NMC batteries dominated the market with a 60% share, followed by LFP batteries at 30%, and NCA batteries at 8%
• However, increasing costs, scarcity, and ethical concerns associated with nickel and cobalt have led to a resurgence of LFP batteries and the rise of Na-ion batteries

🌎 Why it matters for the planet: The shift to LFP and Na-ion technologies can reduce the cost and environmental impact of EVs, potentially accelerating the transition to cleaner transportation.

⏭️ What's next: As per the IEA, nearly 30 Na-ion battery manufacturing plants are in operation or under development in China, aiming for a combined capacity of over 100 GWh

📈 One stat: By 2025, it is projected that Na-ion deployment in cars will surge, with over 15 GWh of capacity set to be deployed that year

Click for more news covering the latest on energy 


Did you enjoy this illuminem voice? Support us by sharing this article!
author photo

About the author

illuminem's editorial team - providing you with concise summaries of the most important sustainability news of the day.

Follow us on Linkedin, Twitter​ & Instagram

Other illuminem Voices

Related Posts

You cannot miss it!

Weekly. Free. Your Top 10 Sustainability & Energy Posts.

You can unsubscribe at any time (read our privacy policy)