Global NaS Battery Market – Snapshot
NaS batteries are sodium sulfur base batteries. They are widely used in organizations owing to their cost effectiveness and efficient power storage capabilities. NaS batteries are made of number of connected cells owing to this it can store large amounts of energy. Therefore NAS batteries are suitable for high energy requirement such as transmission and distribution (T&D) networks and load levelling.
Growing demand of power and energy storage, rising infrastructure investments and increasing urbanization are some of fundamental factors driving the growth of the NaS (sodium sulfur) battery market across the globe.
Some of the key players are:
KEMET Electronics Corporation, NGK Insulators Ltd, Ceramatec Inc., Eagle Picher Technologies LLC, GE Energy, Sieyuan Electric Co. Ltd., FIAMM Group and POSCO.
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NAS batteries have a higher discharge duration thus it can store large amounts of energy for long periods. This makes it suitable for large scale deployments. The demand of higher power storage devices are increasing among the manufacturing unit. This will go well for the growth of the global NaS battery market.
NAS batteries are low priced batteries as compared to conventional batteries. This makes NaS batteries cost efficient power solution for commercial applications. This makes NaS batteries are an appropriate solution for providing ancillary services during peak energy consumption hours.
The adoption of NaS battery technology is rising across the globe. For instance- there are near about 190 NaS sites in Japan. Altoghther, they store more than 270 MW of energy. U.S. is also relying on NaS batteries to deploy 9 MW energy during for peak shaving, backup power, firming wind capacity, and other applications. The country is look to develop additional NaS sites in the region. These projection opens a lucrative avenue for the growth of the global NaS battery market.
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