Sodium-ion batteries, owing to its exceptional superiority over lithium-ion batteries, are likely to revolutionise the automobile/mobility, storage and mobile sectors across the world.
Sodium-ion technology provides similar performance to conventional chemistry, while replacing expensive materials such as cobalt and lithium with the far more abundant sodium. Unlike lithium-ion batteries, sodium-ion batteries have exceptional thermal stability and safety. Further they can be safely transported and maintained at zero volts.
India is one of the largest markets for mobile devices across the world. Recently the country has also demonstrated significant progress in the adoption of EV (Electric Vehicle) technology, making it a priority market for any battery maker. Further, as the world seeks out alternatives to China-dependent Lithium-ion batteries, Sodium-ion based technology offers a promising solution.
In recent years, Australia and New Zealand have demonstrated a steady uptake in battery storage in residential, commercial and grid scale applications due to factors including significant reductions in the cost of storage and solar systems; increasing cost of electricity, concerns about blackouts and financial incentives and policies from the government.