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The particular Guangxi project was quickly followed by simply another sodium-ion energy storage internet site in key China’s Hubei province. Within fact, roughly one-fifth of the capacity of all energy storage projects planned simply by China’s state-run companies last year used sodium technology, according to be able to Chinese outlet Beijixing, which tracks the power industry. Although lead-acid batteries will continue to dominate this industry, the market share associated with sodium-ion batteries has been projected to grow rapidly over the next 5 years.
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This beats the $4.5bn (£3.4bn, $4.5bn) raised by simply all US ALL battery start-ups cumulatively simply by 2023 on non-lithium battery solutions, she says. But it is Chinese companies that are poised in order to lead international 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 work, says Combs, meaning sodium-ion batteries are simply no longer a method in order to bypass their stronghold. The uptake associated with sodium scooters across China has been gradual but encouraging.
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