Peak Vitality’s $500M deal will deploy the world’s largest sodium-ion battery system

Burlingame, California-based Peak Vitality simply scored an enormous win for sodium-ion batteries. The corporate introduced a multi-year cope with utility-scale battery storage developer Jupiter Energy to produce as much as 4.75 GWh of sodium-ion battery methods between 2027 and 2030.

Beneath the settlement, Peak will ship 720 MWh of storage in 2027 – the biggest single sodium-ion battery deployment introduced to this point. The deal additionally contains an possibility for an extra 4 GWh of capability by means of 2030, bringing the whole contract worth to greater than $500 million.

Sodium-ion vs. lithium-ion

Peak Vitality says its sodium-ion batteries degrade much less over time and have decrease operations and upkeep prices than lithium-ion methods. As a result of the batteries don’t degrade as shortly, operators don’t want so as to add extra capability later in a challenge’s life to take care of efficiency. Additionally they use a completely passive cooling system that eliminates pumps, followers, and different parts utilized in lithium-ion setups, lowering upkeep and security dangers.

The corporate claims its grid-scale sodium-ion system makes use of as much as 97% much less auxiliary energy, presents about 30% higher cell degradation efficiency over 20 years, and comes with a decrease complete value of possession.

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Why this deal issues

The settlement marks a major step ahead for the rising sodium-ion sector, which has been gaining momentum as a safer and lower-cost various to lithium-ion for long-duration and grid-scale vitality storage. It additionally underscores the rising effort to construct a home sodium-ion battery provide chain within the US.

“From day one, we’ve believed sodium-ion would be the profitable know-how for grid-scale storage, which is crucial to fulfill rising demand from hyperscalers and AI,” mentioned Landon Mossburg, Peak Vitality’s CEO and cofounder. “Deploying the world’s largest sodium-ion vitality storage system with one of many nation’s prime impartial energy producers proves that sodium is prepared for immediately and can dominate the longer term.”

Mike Geier, CTO at Jupiter Energy, mentioned the corporate is “excited to assist home battery vitality storage manufacturing as we proceed to extend the deployment of agency, dispatchable vitality when and the place it’s most wanted,” and known as Peak’s method to sodium-ion “a possible recreation changer for the trade.”

Learn extra: The US’s first grid-scale sodium-ion battery is now on-line

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