Lagos — In the race to achieve net-zero emissions, advanced energy storage technologies are emerging as a game-changer, transforming how various sectors harness renewable power. The latest breakthroughs, ranging from sodium-ion batteries that slash costs and improve safety to ultra-fast charging solutions that accelerate EV adoption, are reshaping the energy management across automotive, aerospace, residential, and commercial & industrial sectors among others, says GlobalData, a leading data and analytics company.
Saurabh Daga, Project Manager of Disruptive Tech at GlobalData, comments: “Energy storage technologies are emerging as a cornerstone for the global shift to renewables, addressing critical challenges of intermittency and grid stability. Advanced solutions like solid-state batteries and sodium-ion alternatives are not just supplementing traditional lithium-ion systems but are driving significant improvements in safety, lifecycle, and cost efficiency. As industries from automotive to aerospace adopt these innovations, the potential to significantly reduce energy costs and cut greenhouse gas emissions becomes a tangible reality.”
GlobalData’s latest Innovation Radar report, “Energy Storage: The Key to Unlocking a Sustainable Future,” highlights sector-specific advances and strategic innovations in energy storage, showcasing their potential to reshape industries like automotive, aerospace, and residential energy management.
Automotive: Volkswagen subsidiary PowerCo’s partnership with QuantumScape has led to solid-state battery prototypes that could extend electric vehicle (EV) ranges up to 500,000 kilometers, setting new standards for durability and charging efficiency.
Aerospace: GM Defense, a General Motors subsidiary, has developed an Ultium EV platform-based energy storage system for military use. The system supports multiple motors and adaptable configurations, reducing fossil fuel reliance and supply chain risks with its chemistry-agnostic design.
Residential: Eaton’s collaboration with Tesla integrates Powerwall systems with advanced load management to provide homeowners with optimized energy use and backup capabilities during grid outages.
Commercial & Industrial: Delectrik’s Vanadium flow batteries provide scalable, long-duration storage solutions for utility-scale renewable energy projects and claim to reduce costs by up to 25% compared to traditional lithium-ion solutions.
Daga concludes: “Energy storage is at the heart of the sustainable energy revolution, with the potential to transform how we store, manage, and deploy renewable power. Success will depend on scaling these technologies to meet the growing demand and fostering cross-industry collaborations that accelerate their adoption.”
