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this post was submitted on 04 May 2024
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Closer to a century. But the investment in the last decade has risen with the price of fossil fuel as well as the sharp fall in short-term available renewable electricity. International investment - particularly in states like China, India, and Germany - have spiked considerably during this time as well. That's why we're seeing so many productive discoveries outside the US.
HiNA Battery Technology Company began producing EV-ready sodium batteries last year.
TÜV Rheinland approved Pylontech to begin mass producing bulk energy storage systems in March of 2023.
Rollout is occurring at the speed of domestic investment. And while US companies continue to drag their heels, countries with higher electricity demand and fewer fossil fuel subsidies are not waiting around.