CATL secures 60 GWh sodium-ion battery order with Hyperstrong

This deal is huge. 60 GWh of storage typically means 20 to 30 GW of power.

It looks like sodium batteries are having their breakthrough moment.

Right now, sodium isn’t really cheaper than LFP, because LFP has massive scale. Sodium needs scale to beat LFP on price, and this is what might enable that scale. So there is still a risk we get stuck in a local optimum where LFP is relatively cheap and sodium never gets the scale to beat it. But this deal significantly reduces that risk.