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The Guangxi project was quickly followed by simply another sodium-ion energy storage web site in central China’s Hubei province. Within fact, roughly one-fifth associated with the capacity associated with all energy storage projects planned by simply China’s state-run companies last yr used sodium technology, according in order to Oriental outlet Beijixing, which tracks the power industry. Although lead-acid batteries will keep on to dominate this industry, the market share associated with sodium-ion batteries has been projected to be able to grow rapidly over the next five years.
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This beats the $4.5bn (£3.4bn, $4.5bn) raised by simply all US ALL battery start-ups cumulatively by 2023 on non-lithium battery solutions, she says. But it is Chinese companies that are poised to lead global production if the technology breaks into the mass market. Major Chinese battery makers have included it in their strategies in order to stay competitive in the long operate, says Combs, meaning sodium-ion batteries are simply no longer a way in order to bypass their stronghold. The particular uptake regarding sodium scooters across China has been gradual but encouraging.
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