GM partners with Peak Energy to develop sodium-ion batteries for energy storage
Peak Energy, a three-year-old startup, has partnered with General Motors to manufacture sodium-ion batteries for energy storage systems. This deal marks a significant milestone for Peak Energy and allows GM to expand into sodium-ion battery technology, which offers a safer alternative to traditional lithium-ion batteries. The partnership focuses on developing battery storage solutions rather than EV batteries, positioning sodium-ion as a promising technology for grid-scale energy storage due to its lower cost, greater safety, and use of more abundant materials.
Key quotes
Peak Energy announced last week that it has entered a new partnership with General Motors to manufacture sodium-ion batteries for energy storage systems.
The deal marks a pivotal moment for Peak, a startup founded three years ago, and an opportunity for GM to branch out into a battery technology that is largely untested in the U.S. market.
The automaker and Peak Energy are developing a safer alternative to lithium-ion tech.
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