Wind and solar energy projects are growing at a respectable pace. But storing electric power for days when the air is still or when the Sun goes down remains a challenge, largely due to cost, researchers said.
Today, lithium-ion batteries are the storage technology of choice for many applications, from electric cars to smartphones.
A luxury electric cars maker is ambitiously expanding its lithium-ion technology and has already started rolling out systems to homeowners in a pilot project to save up power for homes, researchers said.
To make larger-scale energy storage more accessible, Maksym V Kovalenko from ETH Zurich in Switzerland and colleagues wanted to develop an affordable alternative to lithium-ion.
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The researchers started with magnesium as the battery's safe, inexpensive and high-energy density anode material and paired it with pyrite, which is made of iron and sulphur, as the cathode.
The electrolyte - the electrically conducting component - contains sodium and magnesium ions.
Testing showed that the resulting device's energy density was close to that of lithium-ion batteries.
Since it is made with low-cost materials, it could one day help support grid-scale energy storage, researchers said.
The study was published in the journal Chemistry of Materials.