The oxygen ion battery industry is still in its infancy and has broad application prospects in the field of large-scale energy storage.

Oxygen ion battery refers to a rechargeable battery made of oxide ceramics. Compared with lithium-ion batteries, oxygen-ion batteries have the advantages of extremely long service life, renewable, low production cost, degradable, and no degradation of battery capacity. They have broad application prospects in large-scale energy storage, smart homes, Internet of Things and other fields. .

At present, the oxygen ion battery industry is still in its infancy, mainly based on laboratory research and development. In March 2023, a research team from the Technical University of Vienna in Austria successfully developed a rechargeable oxygen-ion battery that does not contain flammable materials based on the ion conductivity and electronic conductivity properties of oxide ceramics. The team is currently applying for relevant invention patents. Oxygen ion batteries are air batteries that can use oxygen in the air to achieve charge and discharge cycles. In the future, with in-depth research, its commercialization process will be accelerated.

Lithium-ion batteries are the mainstream product in the battery market. Lithium-ion batteries have the characteristics of large battery capacity, high rated voltage, high energy ratio, and long cycle life, and are widely used in the fields of electric vehicles and energy storage. The global lithium-ion battery market size will reach 1156.7GWh in 2022, setting a new record high. Lithium-ion batteries made with existing processes generally have problems such as poor over-discharge capability, serious safety hazards, and high production costs. Oxygen-ion batteries have excellent comprehensive performance and low production costs. As their technological maturity increases in the future, they will pose challenges to the development of the lithium-ion battery industry.

According to the “2023-2028 China Oxygen Ion Battery Industry Market In-depth Research and Development Prospects Forecast Report released by the Industrial Research Center, Oxygen-ion batteries have low energy density and are not suitable for small consumer electronics and electric vehicle drive systems, but they have broad application prospects in the field of large-scale energy storage. As an energy storage battery, oxygen ion batteries can store renewable electrical energy and will be used in large-scale energy storage scenarios such as photovoltaic power generation, wind power generation, and electrochemical energy storage in the future. As the world attaches great importance to the development of the new energy storage industry, the demand for oxygen ion battery applications will increase.

In terms of the local market, Chinese enterprises and related scientific research institutions do not yet have independent research and development and production capabilities for oxygen-ion batteries, and the market is in a blank stage. In January 2023, six departments including the Ministry of Industry and Information Technology jointly issued the “Guiding Opinions on Promoting the Development of the Energy Electronics Industry”. The document clearly proposed to improve the supply capacity of new energy storage batteries and solar photovoltaic products. This will bring a good policy environment for the development of the oxygen ion battery industry.

Industry analysts said that as a new type of battery, oxygen-ion batteries have excellent performance and have broad application prospects in the field of large-scale energy storage. The oxygen-ion battery industry is still in its infancy, and with in-depth research and technological advancement, its commercialization process will accelerate. At present, the Chinese government has introduced many policies to support the development of the new energy storage battery industry, and the number of participants in my country’s oxygen ion battery market is expected to grow in the future.