Energy Storage News•14 days ago
Energy Vault to secure 1.5GWh of US-manufactured sodium-ion BESS from Peak Energy
Key Takeaway
This 1.5GWh strategic agreement for US-manufactured sodium-ion BESS signals a critical diversification in energy storage technology, potentially offering developers and large consumers a more cost-effective and domestically sourced alternative to lithium-ion.
AI Summary
- •Energy Vault and Peak Energy announced a strategic development agreement for 1.5GWh of US-manufactured sodium-ion Battery Energy Storage Systems (BESS).
- •This deal introduces a significant new supply of sodium-ion battery technology, offering a potentially lower-cost and more sustainable alternative to lithium-ion for large-scale storage applications.
- •The emphasis on 'US-manufactured' suggests strong alignment with Inflation Reduction Act (IRA) incentives, which could enhance project economics for developers and large power consumers.
- •It signifies a diversification of the energy storage market, providing developers with more options for grid-scale and industrial applications beyond traditional lithium-ion.
Topics
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