Morgan Stanley forecasts energy shift
A recent report from Morgan Stanley predicts that salt will become a strategic commodity similar to oil. The report anticipates an increase in demand for sodium-ion batteries, which are projected to capture about 20% of the battery market by 2030 and 37% by 2035. This shift reflects a radical change in the global energy landscape driven by the lower costs of salt-based batteries and their superior performance in low temperatures. Achieving this growth will require investments of approximately $800 billion by 2035 to enhance manufacturing and supply capabilities. It is also expected that these batteries will be widely used in energy storage projects, as well as in defense and transportation sectors.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)