Capital Market Journal

Capital Markets are the cornerstone foundation of economies

ENERGY EVs FUTURE OF MOBILITY INNOVATION SODIUM-ION BATTERIES SUSTAINABILITY TECHNOLOGY

Back to the Future of Sodium-Ion Energy Storage and Automotive mobility

“Sine Sale, non est Vita”. Sea salt has a long centenary history as a valuable commodity, used at first as money in ancient civilizations, where it was traded and hoarded due to its essential role in food preservation and flavour enhancement. Ancient Romans even referred to soldiers’ salaries as “salarium,” derived from the Latin word for salt, while beyond its historical economic significance, salt has been crucial for food preservation methods, such as curing and pickling methods, as ancient as “Garum” preservation method of fresh fish. Additionally, with modernity and technology, from sea salt have been developed and produced saline solutions already utilized in ordinary battery packs to start-off car engines and lights, illustrating salt’s versatile applications throughout history and into modern technology. The development of new-generation batteries is a determining factor in the future of energy storage, which is key to decarbonization and the energy transition in the face of climate change challenges. Storing renewable energy makes renewable energy production more flexible and ensures its integration into the system. Since their emergence in 1991, lithium batteries have dominated the energy storage sector. However, this leadership has led to a significant increase in demand for lithium, raising concerns about potential supply shortages, price increases, and delays.

In recent years, battery manufacturers and the automotive industry have been exploring alternative raw materials to lithium for the manufacture of energy storage systems. One of the most promising options is the sodium-ion battery. With the relative abundance of sodium and its low cost, sodium-ion batteries are positioned as a revolutionary force in renewable energy storage.

What Are Sodium-Ion Batteries and How Do They Work?

Sodium-ion batteries are rechargeable batteries that function similarly to lithium batteries, but use sodium ions (Na+) to carry the charge instead of lithium ions (Li+). Sodium, a soft alkaline metal, is abundant in nature, and found in sources such as sea salt and the earth’s crust. The operation of sodium-ion batteries resembles that of lithium-ion batteries due to the chemical similarities of the two elements. Despite their potential, sodium batteries have historically faced challenges. Their heavier raw material and lower voltage lead to reduced energy density, impacting the range of electric vehicles (EVs). However, recent innovations, particularly from Korean researchers, have addressed these shortcomings by developing high-performance sodium-based EV batteries.

Innovations from Korean Research

Researchers at the Korea Advanced Institute of Science and Technology (KAIST) have created a hybrid sodium battery that combines anode materials from conventional batteries with cathodes derived from supercapacitors. This novel design includes iron sulfide particles embedded in carbon and graphene, enhancing both energy storage capacity and conductivity.

In tests, this sodium battery has demonstrated impressive results, achieving an energy density of up to 250 Wh/kg and the ability to charge up to 100 times faster than existing lithium-ion batteries. After 5,000 charge and discharge cycles, the battery maintained its efficiency and performance, suggesting a long lifespan without significant degradation—a stark contrast to lithium-ion batteries that often begin to decline after 500 cycles.

Advantages and Disadvantages of Sodium-Ion Batteries

Sodium-ion batteries offer several advantages:

  • Cost-Effectiveness: They are generally cheaper to produce than lithium batteries due to lower raw material costs.
  • Environmental Benefits: Sodium-ion batteries are considered more environmentally friendly, as sodium is abundant and easier to source than lithium, cobalt, and nickel, which often require extensive mining processes.
  • Safety: Sodium-ion batteries are less prone to thermal runaway compared to lithium-ion batteries, enhancing safety in various applications. Sodium-ion batteries offer a notable safety advantage over lithium-ion counterparts, as they are non-flammable and operate with more stable chemistry. Unlike lithium, sodium does not react as aggressively with air or moisture, reducing risks of overheating and combustion. This enhanced safety profile makes sodium-ion technology particularly appealing for applications in electric vehicles and energy storage, where durability and reduced fire hazards are critical. Additionally, the lower environmental impact and wider availability of sodium contribute to its potential as a safer, sustainable alternative.
  • Energy Density: Sodium-ion batteries currently developed have an improved energy density compared to lithium-ion batteries, which improves the driving range of electric vehicles.
  • Charging Time: research developments have improved the charging speed of sodium-ion batteries making them faster compared to their lithium counterparts.

The Role of Major Manufacturers and Innovation in Asia

Chinese automakers, particularly BYD and CATL, have taken significant strides in incorporating sodium-ion battery technology into their electric vehicles. BYD has been at the forefront, successfully launching models that utilize sodium-ion batteries, boasting lower production costs and improved safety profiles. Meanwhile, CATL, a leading battery manufacturer, has partnered with various car manufacturers to integrate sodium-ion technology into their EV lineups. Toyota, recognizing the potential of sodium-ion batteries, is also developing vehicles that leverage this technology. The company aims to combine its expertise in hybrid technology with sodium-ion batteries to create efficient and environmentally friendly vehicles. These initiatives reflect a broader trend within the automotive industry, as manufacturers seek sustainable alternatives to lithium-ion batteries, addressing both environmental concerns and supply chain issues. By successfully implementing sodium-ion battery technology, these companies are not only enhancing the performance and safety of electric vehicles but also contributing to the ongoing transition towards greener transportation solutions. Sodium-ion batteries’ lower environmental impact and reduced production costs make them an attractive option, despite the challenges they face in terms of energy density and charging time. As research continues to advance, the gap between sodium-ion and lithium-ion battery technologies may narrow significantly.

Holistic approach to the battery cycle and green mobility

The quest for sustainability in mobility transcends merely producing zero-emission vehicles; it encompasses a comprehensive approach to the entire lifecycle of the technologies involved. Companies like Solvay are making significant strides by prioritizing the environmental profile of materials used in electric vehicle (EV) batteries. Current research suggests that lithium-ion batteries can consume up to 20% less energy through optimized designs and materials. Additionally, Solvay is advancing efforts to enhance recyclability, aiming for 90% of battery materials to be recoverable by 2030. Recognizing that EV batteries can often outlast their vehicles—lasting an average of 15 years—Solvay is also advocating for their second-life applications in energy storage systems. These systems are crucial for integrating renewable energy sources, potentially allowing batteries to continue providing energy storage solutions for an additional 10 years. Furthermore, as electric vehicle demand surges, addressing end-of-life strategies becomes critical; a study from the International Energy Agency (IEA) estimates that by 2040, approximately 50 million tons of EV batteries will need recycling. Solvay is committed to working with manufacturers to close the loop on battery life cycles, emphasizing the importance of establishing effective end-of-life strategies from the design phase. This holistic approach not only reduces the carbon footprint of clean propulsion technologies but also ensures that materials are reused, thereby contributing to a circular economy and advancing overall sustainability in the automotive sector.

Failure of the European Automotive Industry in Innovation and Technology

European automakers have faced criticism for their slow pace of innovation and the Automotive industry and supply chains in Europe have been found to be behind the curve in terms of R&D development and deployment of innovative technologies, that have the material potential to diversify the raw material conundrum of EVs battery packs and energy, while Toyota has announced the production of its first Hydrogen powered engine, which fuel is water transformed in liquid hydrogen. Unlike their Asian counterparts, such as BYD and CATL, European manufacturers have struggled to pivot from traditional combustion engines to advanced electric vehicle technologies, including sodium-ion batteries. The ostracism of large industrial groups and political demagogues produced a conservative fossile paleontologic-era approach to research and development that has hindered their competitive edge in the rapidly evolving automotive market. This stagnation not only risks their market share but also raises concerns about Europe’s overall leadership in the transition to sustainable mobility.

The Future of Sodium-Ion Technology

The lithium battery research activity has spurred advancements in sodium-ion technologies. As major manufacturers ramp up production and innovation, sodium-ion batteries are poised to play a critical role in the future of energy storage. The journey toward mainstream adoption of sodium-ion batteries is just beginning. With continued research and development, these batteries have the potential to revolutionize renewable energy storage, making significant contributions to a sustainable energy future. Sodium-ion batteries’ lower environmental impact and reduced production costs make them an attractive option, despite the challenges they face in terms of energy density and charging time. As research continues to advance, the gap between sodium-ion and lithium-ion battery technologies may narrow significantly.

Read More:

https://www.syensqo.com/en/article/hydrogen-fuel-cells

https://www.iberdrola.com/sustainability/environment/energy-efficiency/sodium-ion-batteries

https://www.reuters.com/breakingviews/pinch-salt-could-unsettle-electric-car-order-2024-02-07

https://scienceillustrated.com/technology/new-electric-car-battery-is-claimed-to-recharge-in-seconds

https://cleantechnica.com/2023/04/22/the-sodium-ion-battery-is-coming-to-production-cars-this-year/

LEAVE A RESPONSE