Top 10 Globally Leading Companies in The Sodium Sulfur Battery MarketRechargion [Annual Revenue: USD 95. POSCO [Annual Revenue: USD 46 Billion] . Sumitomo Electric Industries Ltd.
A sodium–sulfur (NaS) battery is a type of molten-salt battery that uses liquid sodium and liquid sulfur electrodes. This type of battery has a similar energy density to lithium-ion batteries, and is fabricated from inexpensive and low-toxicity materials.
How is the sodium sulfur battery market segmented?
The Sodium Sulfur Battery Market is segmented by Application (Renewable Energy Stabilization, Back-up Power, Load Leveling, and Other Applications) and Geography (North America, Europe, Asia-Pacific, South America, and Middle East & Africa). Need a report that reflects how COVID-19 has impacted this market and it's growth?
What is the forecast of the sodium sulfur (NaS) battery market?
The sodium sulfur (NAS) battery market is expected to record a CAGR of around 13% during the forecast period, 2022-2027. The COVID-19 pandemic had a negative impact on the market as it resulted in the reduction of power demand which directly impacted the energy storage projects across the world.
Due to the high operating temperature required (usually between 300 and 350 °C), as well as the highly reactive nature of sodium and sodium polysulfides, these batteries are primarily suited for stationary energy storage applications, rather than for use in vehicles.
Like many high-temperature batteries, sodium–sulfur cells become more economical with increasing size. This is because of the square–cube law: large cells have less relative heat loss, so maintaining their high operating temperatures is easier. Commercially available cells are typically large with high capacities (up to 500 Ah).
Who makes NaS batteries?
The NAS battery system was ordered through BASF Stationary Energy Storage GmbH, a subsidiary of German chemical manufacturer BASF SE and headquartered in Ludwigshafen, Germany. A stationary energy storage system was erected on the site of BASF Schwarzheide GmbH.