Peak Energy, a startup in the US, is already deploying grid-scale sodium-ion energy storage. Sodium-ion cells' energy density is still lower than that of high-end lithium-ion ones, but it continues to improve each year—and it's already sufficient for small passenger cars and. Breakthroughs in battery technology are transforming the global energy landscape, fueling the transition to clean energy and reshaping industries from transportation to utilities. With demand for energy storage soaring, what's next for batteries—and how can businesses, policymakers, and investors. Unigrid is a San Diego-based startup founded in 2021, deploying sodium-ion battery research developed at the University of California – San Diego. For decades, lithium-ion batteries have powered our phones, laptops, and electric vehicles. But lithium's limited supply and volatile price have led the industry to seek more resilient. This battery storage update includes summary data and visualizations on the capacity of large-scale battery storage systems by region and ownership type, battery storage co-located systems, applications served by battery storage, battery storage installation costs, and small-scale battery storage. This dramatic cost reduction is making the combination of renewables plus storage increasingly more affordable than traditional fossil fuels. At COP29, world leaders recognized this potential by setting an ambitious target: we need 1,500 GW of storage capacity by 2030—a six-fold increase from. A report from the International Energy Agency found that 35 percent of emissions reductions needed to reach net zero depend on technology that has yet to be commercialized. That's why supporting early-stage clean energy innovators is critical to the energy transition and reducing emissions.