The world we live in today runs on batteries. But the lithium ion batteries that dominate the market are expensive and environmentally demanding to extract. The raw materials for lithium ion batteries are scarce and concentrated in a few geographical regions. This places continued pressure on supply chains.
Yup. Sodium batteries are real. China is building more factories and converting LFP ones. 2026 is the big ramp up and prices should be going down the next couple of years.
There’s some BESS already online too.