Morgan Stanley Sees Sodium-Ion Batteries Reaching 37% Share by 2035 as $800 Billion Investment Looms
Updated
Updated · CNBC · Jun 28
Morgan Stanley Sees Sodium-Ion Batteries Reaching 37% Share by 2035 as $800 Billion Investment Looms
3 articles · Updated · CNBC · Jun 28
Summary
37% of global battery deployment could come from sodium-ion cells by 2035, Morgan Stanley said, up from an expected roughly 2% next year and 20% by 2030.
30% to 40% lower costs than lithium iron phosphate batteries and better cold-weather performance are driving that outlook, with the bank arguing sodium-ion can ease energy-security constraints in an AI-heavy, power-intensive economy.
830 gigawatt hours of annual global sodium-ion demand could emerge by 2030 and expand to 2.4 terawatt hours by 2035, requiring about $800 billion of new investment.
General Motors has an early U.S. foothold through its Peak Energy partnership, Morgan Stanley said, with grid-scale deployments expected after 2028 and potential uses in defense and mobility.
Abundant, low-cost U.S. sodium supplies could also support more domestic battery production, positioning incumbents with manufacturing scale and customer ties to capture the emerging market.
Can the U.S. build a domestic sodium-ion supply chain fast enough to truly challenge China's dominance in battery manufacturing?
Beyond massive grid storage, what breakthrough is needed for sodium-ion to power the affordable electric cars we've been promised?
With AI's soaring energy demand, will salt become the 'new oil' that redefines global power and energy security?
Sodium-Ion Batteries Set to Capture 30–40% of Global Market: Industrialization, Advantages, and the Coming Energy Storage Revolution
Overview
The energy storage sector is entering a new era with the rapid emergence of sodium-ion battery technology, driven by strong early market momentum and strategic partnerships. Industry leaders like CATL and BYD, who already dominate the global EV battery market, are now leading the industrialization of sodium-ion batteries by launching new products and investing in large-scale manufacturing. These efforts are positioning sodium-ion batteries for robust growth, as they become a crucial complement to existing energy solutions and help meet the rising demand for cost-effective, sustainable storage in the evolving global energy landscape.