Sodium-ion battery cost parity analysis and supply agreements
What happened
A Wood Mackenzie analysis reported on 6 November 2026 finds more than 70 GWh of sodium-ion battery supply agreements in place across China, the United States and Europe. Leading manufacturers are expected to reach cell-level cost parity with lithium iron phosphate (LFP) batteries by late 2026, while module- and system-level parity is not expected until after 2030. Sodium-ion cells currently average $229/kWh globally against about $200/kWh for LFP, and the study estimates a 21% lower total cost of ownership. The reports do not state a regulatory measure, effective date or filing requirement.
Generated by AI from the reports · updated 2 days ago
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- pv magazine (Global)Wood Mackenzie analysis: sodium-ion batteries approach LFP cost parity, with 70 GWh under supply agreements
A Wood Mackenzie analysis finds that more than 70 GWh of sodium-ion battery supply agreements are in place across China, the United States and Europe, and that leading manufacturers are expected to reach cell-level cost parity with lithium iron phosphate (LFP) batteries by late 2026, with module- and system-level parity not expected until after 2030. Sodium-ion cells currently average $229/kWh globally against about $200/kWh for LFP, but the study estimates a 21% lower total cost of ownership over a 20-year project lifetime.
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