S&P 5007,575.39▲0.4% Nasdaq26,281.61▲0.3% Dow52,637.01▲0.3% Russell 2K2,977.81▼0.5% 10-Yr4.57%+3bp VIX15.03−0.81 WTI$71.51▼0.8% Gold$4,128.90▼0.0% EUR/USD1.142▼0.0% BTC$64,099▲0.5% Nikkei67,744▲1.4%
At close · Fri, Jul 10, 2026
Daily Market Updates.

Commodities

HomeCommoditiesEnergy TransitionCalifornia to build sodium-ion battery plant for grid…

California to build sodium-ion battery plant for grid storage

The Sacramento facility is set to produce 4 gigawatt-hours per year and aims to start production and shipments in Q1 2027, targeting lower utility storage costs.

OilPrice reports that Peak Energy is building a 183,000-square-foot sodium-ion battery manufacturing plant in Sacramento, Northern California.

The site is expected to produce 4 gigawatt-hours of grid-scale sodium-ion energy storage systems annually, enough to power almost four million households, and it will be the first U.S. production location dedicated solely to utility-grade grid storage using sodium-ion technology.

The project is designed for peak-demand use and, according to Peak, its passively cooled battery systems manage operational heat without fans or liquid pumps, which the company says can cut long-term operating expenses.

Peak Energy also said in a press release that the technology can reduce energy storage costs by 20% and provide 99% guaranteed uptime, with production and shipments planned to begin in Q1 2027.

More like this

Sources

Get the close, explained.

One email every trading day: what moved, why it moved, and what's on deck tomorrow. Read in 3 minutes.

Free. Unsubscribe anytime.