with batteries it's safe to say that some of our content has been speculative but with sodium ion batteries we're on very solid very salty grounds catl one of the largest battery manufacturers in the world recently announced that it would start creating battery packs that incorporated both lithium ion and sodium ion cells in NUMBER_TOKEN. this is a company worth NUMBER_TOKEN billion dollars so their investment in this technology is a big push for the industry as a whole though most applications being talked about are in grid storage the specific energy of sodium ion batteries is competitive with lfp batteries and those are increasingly being used in electric vehicles especially in budget models everyone doesn't need NUMBER_TOKEN kilometers of range so it's not completely implausible to think that this technology may have a say in mobility applications as well and that's before you even consider the millions of lead acid batteries that are out there everyone who has one of those could use better performance and energy density at the same price companies like natron feradion and tmat are also making progress and already have working products for different markets telecom towers utilities and data storage are all potential customers who will need stationary storage in the near future so undoubtedly there is room for significant growth lithium is a relatively scarce resource i know there are people who say you can extract it from the ocean but yeah you can't extract resources at an arbitrary cost just because you can doesn't mean it'll be worth it and cobalt and nickel supplies also currently put a limit on how fast an electricity based economy can be built in countries like india for example there are very limited lithium reserves meaning that electric vehicles will be very expensive and out of the reach of the common man for the foreseeable future table salt has been accompanying man since time immemorial adding flavor to food preserving meat sparking revolutions to killing leeches and binding elder demons and a revolution in electric storage may not be possible without it will the companies working on it come through or will too much of it increase the earth's blood pressure so many mysteries anyway that's it for this video thanks to our sponsor omaze you can click the link in the description below to enter for your chance to win i'll see you really soon bye
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