The Enormous Potential of Sodium/Potassium‐Ion Batteries as The Mainstream Energy Storage Technology for Large‐Scale Commercial Applications

Abstract Cost‐effectiveness plays a decisive role in sustainable operating of rechargeable batteries. As such, the low cost‐consumption of sodium‐ion batteries (SIBs) and potassium‐ion batteries (PIBs) provides a promising direction for “how do SIBs/PIBs replace Li‐ion batteries (LIBs) counterparts” based on their resource abundance and advanced electrochemical performance. To rationalize the SIBs/PIBs technologies as alternatives to LIBs from the unit energy cost perspective, this review gives the specific criteria for their energy density at possible electrode‐price grades and various battery‐longevity levels. The cost ($ kWh −1 cycle −1 ) advantage of SIBs/PIBs is ascertained by the cheap raw‐material compensation for the cycle performance deficiency and the energy density gap with LIBs. Furthermore, the cost comparison between SIBs and PIBs, especially on cost per kWh and per cycle, is also involved. This review explicitly manifests the practicability and cost‐effectiveness toward SIBs are superior to PIBs whose commercialization has so far been hindered by low energy density. Even so, the huge potential on sustainability of PIBs, to outperform SIBs, as the mainstream energy storage technology is revealed as long as PIBs achieve long cycle life or enhanced energy density, the related outlook of which is proceeded as the next development directions for commercial applications.