sodium-ion News & Analysis
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GM (GM) Partners with Peak Energy on Sodium-Ion Battery Storage
General Motors (GM) announced a collaboration with Peak Energy to develop sodium-ion battery cells for large-scale energy storage, set to target utilities and data centers facing increasing electricity demand. GM will produce the cells at its Michigan battery labs, while Peak Energy will utilize them in its systems. The first cells are expected in trial production by 2028. GM’s partnership is part of a broader move into the energy storage market, which anticipates a doubling of U.S. grid battery demand to over 100 gigawatt-hours by 2030 according to Bloomberg NEF.
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GM (GM) to Invest in Peak Energy for Sodium-Ion Battery Development
General Motors (GM) plans to invest in Peak Energy to enhance the development of sodium-ion batteries. This investment indicates GM's commitment to diversifying its battery technology as part of its electric vehicle strategy. Sodium-ion batteries could potentially lower costs and improve energy density, which may positively influence GM's position in the EV market. The specific investment amount has not been disclosed, but this move highlights the emphasis on alternative battery technologies in the automotive industry.
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