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Morgan Stanley predicts sodium-ion battery boom
Morgan Stanley expects sodium-ion batteries to develop into a significant strategic commodity, capturing around 20% of the global energy storage battery market by 2030 and rising to 37% by 2035. The forecasts also predict an industry with an annual generation capacity of 830 gigawatt-hours by 2030 and 2.4 terawatt-hours by 2035. The growth potential of these batteries is attributed to a 30-40% reduction in costs and better performance in cold weather, making them an economical and efficient alternative to lithium and iron phosphate batteries. Supporting this growth would require investments of up to $800 billion, with major industries like General Motors—an early adopter of sodium battery technology—planning to expand its use after 2028 in energy storage projects.
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