Wind and solar PV power are expected to drive strong growth in renewable energy, while hydro is likely to remain a key source.The amount of energy generated by renewable sources, such as solar and wind, is increasing, and energy stores are essential to ensure the continuity of energy supply. Stationary energy storage is expected to dominate the market during the forecast period, and it is expected to be a significant application of sodium-ion batteries.However, the non-matured technology of the storm is expected to hinder the market growth during the forecast period. Additionally, the use of sodium-ion batteries for electricity storage, generated through solar or wind, is likely to drive the market. The primary driver of the market is the increasing demand for cleaner energy, with rising greenhouse gas emissions around the world. On the other hand, restrictions on non-essential trading, manufacturing factory shutdowns, and supply chain disruptions negatively impacted the sodium-ion battery market. Lockdown restrictions imposed by governments worldwide have lowered the demand from end-user industries like energy storage, adversely affecting the growth. The outbreak of the COVID-19 pandemic in Q1 of 2020 negatively impacted the market for sodium-ion batteries. To read this article on click here.The sodium-ion battery market is expected to register a CAGR of around 14.68% during the forecast period, from USD 244 million in 2020 to USD 609 million in 2027. Marathon Petroleum Corporation (MPC): Free Stock Analysis Report Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. With the strength of our economy and record amounts of cash flooding into IPOs, you don’t want to miss this opportunity. Brilliantly designed for creating online communities, this stock is poised to explode when made public. One is set to disrupt the online communication industry. As the world continues to benefit from an ever-evolving internet, a handful of innovative tech companies are on the brink of reaping immense rewards - and you can put yourself in a position to cash in. Today, you have a chance to get in on the ground floor of one of the best investment opportunities of the year. Special Report: The Top 5 IPOs for Your Portfolio You can see the complete list of today’s Zacks #1 Rank stocks here. Some other similar-ranked stocks from the energy space that warrant a look include NexTier Oilfield Solutions NEX, PBF Energy PBF and Marathon Petroleum MPC. Liberty currently sports a Zacks Rank #1 (Strong Buy). Hydraulic fracturing is a method used to extract oil and natural gas by blasting underground rock formations with a mixture of water, sand and chemicals. Liberty Energy (previously Liberty Oilfield Services) is a premier provider of hydraulic fracturing and other auxiliary services to onshore exploration and production companies in North America. “Together, Liberty’s digiFrac and Natron’s batteries will advance environmental, social and corporate governance (ESG) goals of reducing emissions, maintaining high safety standards, and delivering a low total cost of ownership solution to Liberty’s customers,” commented Ron Gusek, president of Liberty Energy. The firm leverages its existing lithium-ion production facilities, and its supply chain requires zero lithium, cobalt, copper, nickel or other minerals that are challenging to source. Natron intends to use the money to fast-track the production of its sodium-based battery technology, including industrial power and energy markets. Natron’s sodium-ion batteries are anticipated to be used to maximize uptime and optimize generator utilization to make sure of a lower-emission footprint for power generation.
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