The alternative battery technologies can supplement or even replace LIBs in individual applications and thus make the battery market more diverse. The sodium-ion battery in particular is looking especially promising - the industry has also picked up speed here in recent months.
To find promising alternatives to lithium batteries, it helps to consider what has made the lithium battery so popular in the first place. Some of the factors that make a good battery are lifespan, power, energy density, safety and affordability.
In the lithium-free space, sodium-ion batteries (NIBs) are one of the most promising technologies. Sodium-ion chemistry could allow the use of oxides or polyanionic compounds that are cobalt- and even nickel-free, pointing to a very different economy than that of LIBs. Commercialization of NIBs has also taken off recently.
"Recycling a lithium-ion battery consumes more energy and resources than producing a new battery, explaining why only a small amount of lithium-ion batteries are recycled," says Aqsa Nazir, a postdoctoral research scholar at Florida International University's battery research laboratory.
The limitations of conventional energy storage systems have led to the requirement for advanced and efficient energy storage solutions, where lithium-ion batteries are considered a potential alternative, despite their own challenges .
Sodium-ion batteries are another option where sodium replaces the lithium electrolyte. As sodium is more readily available than lithium, it could significantly reduce the battery’s cost.
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