China sodium energy storage investment

Where is China's first sodium-ion battery energy storage station?

China’s first major sodium-ion battery energy storage station is now online, according to state-owned utility China Southern Power Grid Energy Storage. The Fulin Sodium-ion Battery Energy Storage Station entered operation on May 11 in Nanning, the capital of the Guangxi Zhuang autonomous region in southern China.

How efficient is China's battery energy storage system?

In an interview with China Central Television, Gao Like, a manager at the Guangxi branch of China Southern Power Grid, said that the energy conversion efficiency of its sodium-ion battery energy storage system exceeds 92%. It’s comparable to the efficiency of common lithium-ion battery storage systems, at 85-95%.

Will China make a lithium battery?

In two years, China will have nearly 95 percent of the world’s capacity to make sodium batteries. Lithium battery production will still dwarf sodium battery output at that point, Benchmark predicts, but advances in sodium are accelerating.

Are sodium-ion batteries a new possibility for future power grid development?

Chinese media reported that the project in Qianjiang, Hubei province, shows that sodium-ion batteries have become a new possibility for future power grid development. Sineng Electric said that sodium-ion batteries show superior performance at low temperatures, better round-trip efficiency, and better overall safety.

Where are sodium batteries made?

Chinese companies have since taken the lead in commercializing the technology. Out of 20 sodium battery factories now planned or already under construction around the world, 16 are in China, according to Benchmark Minerals, a consulting firm. In two years, China will have nearly 95 percent of the world’s capacity to make sodium batteries.

Can China replace lithium with sodium?

Now China is positioning itself to command the next big innovation in rechargeable batteries: replacing lithium with sodium, a far cheaper and more abundant material. Sodium, found all over the world as part of salt, sells for 1 to 3 percent of the price of lithium and is chemically very similar.