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Solid State Battery Market to Grow by USD 554.8 Million from 2024-2028, as Demand for Long-Range EVs with AI Impact on Trends – Technavio

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NEW YORK, Nov. 7, 2024 /PRNewswire/ — Report on how AI is redefining market landscape – The global solid state battery market  size is estimated to grow by USD 554.8 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  44.97%  during the forecast period. Growing requirement for long-range evs is driving market growth, with a trend towards rising vendor collaborations. However, declining li-ion battery prices  poses a challenge.Key market players include AMP Inc, Ampcera Inc., BrightVolt, BYD Co. Ltd., Factorial Energy, General Motors Co., Hitachi Zosen Corp., Ilika, Ion Storage Systems, Johnson Energy Storage Inc., LG Chem Ltd., Murata Manufacturing Co. Ltd., Poly Plus Battery Co., ProLogium Technology Co. Ltd., QuantumScape Corp, Robert Bosch GmbH, Samsung SDI Co. Ltd., STMicroelectronics International N.V., TDK Corp., and Toyota Motor Corp..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Application (Transportation, Grid storage, and Others), Type (Portable and Thin film), and Geography (APAC, Europe, North America, South America, and Middle East and Africa)

Region Covered

APAC, Europe, North America, South America, and Middle East and Africa

Key companies profiled

AMP Inc, Ampcera Inc., BrightVolt, BYD Co. Ltd., Factorial Energy, General Motors Co., Hitachi Zosen Corp., Ilika, Ion Storage Systems, Johnson Energy Storage Inc., LG Chem Ltd., Murata Manufacturing Co. Ltd., Poly Plus Battery Co., ProLogium Technology Co. Ltd., QuantumScape Corp, Robert Bosch GmbH, Samsung SDI Co. Ltd., STMicroelectronics International N.V., TDK Corp., and Toyota Motor Corp.

Key Market Trends Fueling Growth

Several new vendors are entering the global solid state battery market due to the expanding automotive sector. Notable battery manufacturers are securing investments from prominent investors and forming alliances to advance solid state battery technology. This innovation poses a significant challenge to conventional battery technologies. The growing adoption of start-stop systems has instigated businesses to develop efficient models for solid state batteries. Ilika, a pioneer in solid state battery technology, leads a USD10 million collaboration project, the Faraday Battery Challenge, with Nexeon, HSSMI, three top UK universities, CPI, and BMW Group and WAE Technologies. Ilika will receive a USD3.5 million grant and collaborate with these partners to create an automotive-defined solid state battery by the project’s end. Factorial, a lithium-ion solid state battery provider, partners with battery recycling company Young Poong to research lithium-metal recycling for solid state batteries. Factorial will provide leftover lithium-metal material from its production process to Young Poong, which will create a recycling process for lithium metal, enabling a circular economy. German automotive supplier MAHLE and Taiwan-based battery manufacturer ProLogium have signed a Memorandum of Understanding to develop and evaluate thermal management solutions for next-generation solid-state batteries. These cells offer advantages in safety and energy density, enhancing driving ranges and safety standards. The collaboration will focus on customized thermal management solutions for ProLogium’s technology, supporting competitive battery systems with high efficiency, energy density, longevity, and fast-charging capabilities. The increasing number of new players and their collaborations will intensify market competition, leading to more R&D activities for a competitive edge. These alliances facilitate the sharing of manpower and technical expertise, fostering the innovation of new technologies and boosting the sales of solid state batteries, ultimately driving the growth of the global solid state battery market.

The Solid State Battery market is experiencing significant growth, particularly in sectors like wearable devices, consumer electronics, and mobile healthcare devices. Solid-state batteries, which use a solid electrolyte instead of a liquid or polymer one, offer several advantages, including increased energy density, improved safety, and longer cycle life. This makes them ideal for high-performance applications in electric vehicles (EVs), IoT devices, wireless medical devices, and smart devices. Manufacturers of electronic components are focusing on developing solid-state batteries to meet the demands of the automotive sector, renewable energy storage, and high-power sources. Companies like Solid Power, Thin Film Batteries, and Solid Energy are leading the charge in this area. Despite the benefits, challenges remain, such as performance degradation and the need for new electrolyte materials. However, advancements in technology and raw material sourcing, including the use of wood-derived batteries, are helping to address these issues. With the increasing importance of energy harvesting, charging stations, and lightweight batteries, the future looks bright for solid-state batteries in various industries, including electric vehicles, aerospace and defense, and microgrid applications.

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Market Challenges

The lithium-ion battery market currently dominates the global energy storage landscape due to its advantages, including low maintenance, long life, and high energy density. However, the safety concerns associated with the use of lithium metal in these batteries, such as fire and explosion risks, have led to the development of next-generation solid state batteries. Solid state batteries offer improved safety and longer cycle life, making them an attractive alternative. However, the widespread use and affordability of lithium-ion batteries pose a challenge to the growth of the solid state battery market. The declining prices of lithium-ion batteries will boost their sales, potentially hindering the market expansion of solid state batteries in the forecast period.The Solid State Battery market is experiencing significant growth due to its potential to address the power needs of various industries. IoT devices, wireless medical devices, and consumer electronics require long-lasting, lightweight batteries. Solid-state batteries offer a solution with their high rechargeability and volumetric energy density. In the automotive sector, solid-state batteries are expected to revolutionize electric vehicles (EVs) by providing longer ranges and faster charging times. Renewable energy storage and grid stability also benefit from solid-state batteries’ high power output and charge cycles. However, challenges such as raw material shortages, high production costs, and the need for advanced charging stations remain. Companies like Solid Power, Thin Film Batteries, and Wood-derived batteries are working to overcome these hurdles. Applications include EVs, portable batteries, and industrial equipment, as well as aerospace and defense, microgrid applications, and energy harvesting devices. Solid-state batteries offer high-performance energy storage for various industries, making them a promising solution for the future.

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Segment Overview 

This solid state battery market report extensively covers market segmentation by

Application 1.1 Transportation1.2 Grid storage1.3 OthersType 2.1 Portable2.2 Thin filmGeography 3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and Africa

1.1 Transportation-  The solid state battery market is experiencing significant growth due to its advantages over traditional lithium-ion batteries. These batteries offer increased energy density, longer cycle life, and improved safety. Major industries such as automotive and consumer electronics are investing in solid state battery technology to enhance their product offerings. Companies like Toyota, Panasonic, and Samsung SDI are leading the charge in research and development. The global market for solid state batteries is projected to reach USD22.8 billion by 2027, growing at a CAGR of 21.5% from 2020 to 2027.

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Research Analysis

Solid State Batteries (SSBs) are the next generation of energy storage solutions, offering several advantages over traditional Lithium-ion batteries. SSBs utilize a solid electrolyte instead of a liquid or gel electrolyte, resulting in increased energy density, improved safety, and enhanced performance. These batteries are gaining significant attention in various industries, including wearable devices, consumer electronics, and mobile healthcare devices, due to their high-performance and long-lasting capabilities. In the automotive sector, SSBs are expected to revolutionize the electric vehicle (EV) industry by providing lightweight batteries with high power output and longer range. The solid-state battery market is also expanding in the renewable energy storage sector, providing a reliable and efficient solution for storing excess energy generated from solar and wind power. SSBs come in various forms, including thin-film batteries, single-cell batteries, and multi-cell batteries. They offer rechargeability, making them a versatile option for various applications. Companies are investing heavily in research and development to improve the performance and reduce the production cost of SSBs. Wood-derived batteries and charging stations are also emerging as potential alternatives in the solid-state battery market.

Market Research Overview

Solid State Batteries (SSBs) are the next-generation energy storage solution, offering several advantages over traditional Lithium-ion batteries. SSBs utilize a solid electrolyte instead of a liquid or gel electrolyte, eliminating the risk of thermal runaway and improving safety. With a higher energy density and volumetric energy density, SSBs are ideal for powering wearable devices, consumer electronics, and mobile healthcare devices. In the automotive sector, SSBs promise longer range and faster charging for Electric Vehicles (EVs), making them a promising alternative to Lithium-ion batteries. SSBs also find applications in high power sources, secondary batteries, rechargeable batteries, IoT devices, wireless medical devices, and smart devices. The market for SSBs is expected to grow significantly due to their high power output, lightweight design, and potential for use in aerospace and defense, renewable energy storage, and industrial equipment. However, challenges such as raw material shortage and high production costs remain, with companies like Solid Power and Thin Film Batteries leading the way in innovation and development. SSBs also have potential applications in grid stability, microgrid applications, and energy harvesting, making them a versatile and valuable addition to the energy storage landscape.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationTransportationGrid StorageOthersTypePortableThin FilmGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Safetyfirst Systems, LLC Provides Notice of Data Security Event

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PARSIPPANY, N.J., July 23, 2026 /PRNewswire/ — Safetyfirst Systems, LLC (“SFS”) is providing notice of a data security event that may involve information relating to certain individuals. While SFS is not aware of any misuse of information associated with this event, it is providing notice to potentially affected individuals out of an abundance of caution.

On January 19, 2026, SFS identified suspicious activity involving a limited portion of its server environment. Upon discovering the activity, SFS quickly took steps to secure its systems, notified federal law enforcement, engaged leading third-party forensic specialists, and performed a detailed investigation into the nature, scope, and impact of the activity. The investigation determined that an unauthorized actor accessed and/or acquired certain files from limited SFS systems between January 16, 2026, and January 19, 2026. SFS then conducted a comprehensive review of the affected files to determine what information may have been involved and identify the individuals to whom the information relates. The review has recently concluded, and SFS is providing this notification to potentially impacted individuals out of an abundance of caution. Although the types of information vary by individual, the affected information may include names, Social Security numbers, and driver’s license numbers.

Protecting the privacy and security of the information entrusted to SFS is a responsibility the company takes very seriously. In response to this event, SFS promptly strengthened security measures, continues to enhance its technical safeguards and monitoring capabilities, and is reviewing existing policies and procedures to further protect against similar incidents in the future. SFS is also providing notice to potentially affected individuals and, where required, appropriate regulatory authorities.

Although SFS is unaware of any misuse of personal information impacted by this event, individuals are encouraged to remain vigilant against events of identity theft by reviewing account statements, explanation of benefits, and monitoring free credit reports for suspicious activity and to detect errors. Any suspicious activity should be reported to the appropriate insurance company, health care provider, or financial institution.

Individuals seeking additional information regarding this event can contact SFS’s dedicated assistance line at 1-833-289-5523 between the hours of 7:00 a.m. to 7:00 p.m. Eastern time, Monday through Friday, excluding holidays. Individuals may also write to SFS at PO Box 101, 3299 US Highway 46, Parsippany, NJ 07054-9998.

 

View original content:https://www.prnewswire.com/news-releases/safetyfirst-systems-llc-provides-notice-of-data-security-event-302831894.html

SOURCE Safetyfirst Systems, LLC

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Sunrate and Mastercard Release White Paper on Agentic AI and the Future of B2B Global Payments

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SHANGHAI, July 24, 2026 /PRNewswire/ — Sunrate, the global payment and treasury management platform, and Mastercard, a global technology company in the payments industry, unveiled a joint white paper, Beyond Automation: Defining Agentic Global Payments, at the 2026 World Artificial Intelligence Conference (WAIC).

Among the first reports in the payments industry to examine the impact of Agentic AI on B2B cross-border payments, the white paper provides a comprehensive framework for understanding how AI agents are reshaping enterprise payment operations. It proposes that cross-border payments are evolving beyond digitisation and automation into a new stage: Autonomy—where AI agents with reasoning, planning, and execution capabilities can independently orchestrate and optimise end-to-end payment and treasury workflows within defined governance frameworks.

As businesses expand across borders, B2B cross-border payments continue to be constrained by fragmented workflows, disconnected systems, foreign exchange inefficiencies, rising compliance requirements, and complex reconciliation processes. While traditional automation improves individual tasks, the white paper demonstrates that Agentic AI represents a fundamental shift by enabling intelligent agents to coordinate entire payment journeys across systems, counterparties, and approval workflows.

Drawing on Sunrate’s global payment infrastructure and AI-native product capabilities, together with Mastercard’s expertise in secure payment networks and data intelligence, the white paper defines Agentic Global Payments — a new category of AI-native global payment infrastructure built to automate and manage complex enterprise workflows.

The report identifies 16 major pain points across the B2B payment lifecycle and outlines 13 high-value AI use cases spanning supplier onboarding, accounts payable and receivable, virtual commercial cards, payment routing, foreign exchange management, compliance screening, fraud detection, reconciliation, and conversational operational support. It also demonstrates how AI agents can automate complex workflows—from extracting information across multiple document formats and conducting compliance checks to initiating payments, optimising FX execution, and completing reconciliation—while operating within enterprise governance and control frameworks.

The white paper further highlights that trusted adoption of agentic payments depends on more than technological capability. It identifies governance, transparency, security, and ecosystem collaboration as essential foundations for enterprise deployment, supported by frameworks such as Know Your Agent (KYA), payment tokenisation, auditability, and cross-industry interoperability.

Sunrate.AI portfolio currently includes the Payment Agent, FX Agent, Compliance Agent, Onboarding Agent, and Chat Agent, designed to help enterprises automate and optimise critical payment and treasury processes while maintaining compliance and operational control.

Mastercard has also been actively building the foundations for trusted agentic commerce – combining AI capabilities with verifiable authorisation, clear accountability and proven payments security. Its work in this area, including Agent Pay (alongside Agent Pay for Machines) and Verifiable Intent, are proof points in how Mastercard is enabling AI to participate in commerce safely and transparently. 

“Our mission is to make global payments seamless, compliant, and intelligent,” said Paul Meng, Co-founder and CEO of Sunrate. “As businesses continue expanding internationally, AI agents will fundamentally reshape how enterprises manage global payments—enabling smoother capital flows, reducing operational friction, and embedding real-time intelligence into every payment decision. This white paper represents an important step in helping the industry understand how Agentic AI can be deployed responsibly at enterprise scale.”

“Agentic commerce is changing how businesses make and execute payment decisions, but speed without accountability creates new categories of risk,” said Anouska Ladds, Executive Vice President, Commercial & New Payment Flows, Asia Pacific, Mastercard. “As AI starts to act on behalf of businesses, autonomous payment decisions need a clear, auditable chain of identity, intent and action. That’s what allows organisations to delegate with genuine confidence — and what will determine whether agentic commerce scales past pilots.”

Released under WAIC 2026’s theme, “Intelligent Partners, Co-creating the Future,” the white paper provides business leaders with practical guidance on adopting AI-driven payment capabilities, covering implementation approaches, governance considerations, and real-world enterprise applications.

By combining Sunrate’s expertise in global payments and treasury management with Mastercard’s trusted payment infrastructure and network capabilities, the collaboration reflects a shared commitment to accelerating the next generation of intelligent, secure, and autonomous B2B global payments.

Click here to check the white paper.

About Sunrate

Sunrate is a leading global payment and treasury management platform for businesses worldwide. Founded in 2016, Sunrate has enabled companies to operate and scale both locally and globally in 190+ countries and regions with its cutting-edge infrastructure, global network, and unified solutions.

Sunrate operates through offices across key markets, including Singapore, Kuala Lumpur, Jakarta, Hong Kong, Shanghai, and London. The company partners with the top global financial institutions, such as Citibank, Standard Chartered, Barclays, J.P. Morgan. Sunrate is also the principal member of Mastercard and Visa. To learn more about Sunrate, visit https://www.sunrate.com/.

About Mastercard

Mastercard powers economies and empowers people in 200+ countries and territories worldwide. Together with our customers, we’re building a resilient economy where everyone can prosper. We support a wide range of digital payments choices, making transactions secure, simple, smart and accessible. Our technology and innovation, partnerships and networks combine to deliver a unique set of products and services that help people, businesses and governments realize their greatest potential. 

www.mastercard.com

SOURCE Sunrate

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JAMS Launches AI for Enterprise Job Scheduling: JAX and JAMS MCP

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A new AI agent and an open-standard connector let IT teams query, diagnose, and manage automation in plain language, on the model they choose, with operational data able to stay onshore inside their own network

SYDNEY, July 24, 2026 /PRNewswire/ — JAMS Software, an orchestration solution for scheduled and event-driven automation, today announced the general availability of two AI capabilities for enterprise job scheduling: JAX, an AI agent built into the JAMS Web Client, and JAMS MCP, a connector built on the open Model Context Protocol standard that brings JAMS into external AI coding tools. Both capabilities ship at no additional cost as part of JAMS Web.

Automation environments grow faster than the teams that run them. Jobs multiply across SQL Server, Azure Data Factory, Airflow, SAP, JDE, and Banner, and when one fails, finding the root cause often means searching several consoles at once, frequently outside business hours. At the same time, IT leaders carry pressure to adopt AI while staying accountable for where operational data goes. JAX and JAMS MCP close both gaps together.

Full details on how JAX and JAMS MCP work, including the control model behind every action, are available at jamsscheduler.com/product/ai.

JAX is an AI agent that runs inside the JAMS Web Client. It finds jobs, troubleshoots failures, and answers how-to questions in plain language, with each response grounded in the JAMS user guide and checked against a built-in glossary. JAX acts only when a user asks it to. Reads flow freely, and every write action pauses for the user’s explicit approval before it runs. JAX does not learn between sessions, and conversations are not retained on the server.

JAMS MCP is a connector, built on the open Model Context Protocol standard, that brings JAMS into the AI tools engineering teams already use, including Cursor, VS Code with Copilot, Claude Code, Claude Desktop, and Codex. Users query jobs, investigate failures, and manage runs in plain language without leaving their tool.

Both capabilities run inside the customer’s own network and act as the signed-in user, with that user’s exact JAMS permissions. There is no elevated AI account: whatever a user cannot do in the JAMS interface, JAX and JAMS MCP cannot do on that user’s behalf. Every JAX and MCP operation is recorded in its own dedicated log, and changes made through the JAMS API land in the JAMS audit trail like any other change. Customers choose their own AI model, whether a commercial provider such as OpenAI or Anthropic or a model running entirely on their own hardware, and JAMS never trains on customer data. In the current release, neither feature edits or deletes a job, folder, schedule, or agent definition. For teams that need operational data to stay onshore, JAX runs on a local model entirely inside the customer’s own network, so nothing leaves at all.

“Adopting AI usually means giving something up, most often visibility into where your data goes,” said Pete Hegland, Chief Executive Officer of JAMS Software. “We built JAX and JAMS MCP so that trade does not have to happen. Every action runs as the signed-in user, every change waits for approval, and the model can run on the customer’s own hardware, keeping operational data onshore.”

“For teams across Australia, New Zealand, and Singapore, two things matter: keeping data onshore, and getting answers when a job fails after hours,” said Shayne Cooper, Account Executive for APAC at JAMS Software. “JAX and JAMS MCP address both. The model can run on the customer’s own hardware, and the answer arrives in plain language at the moment it is needed.”

JAX and JAMS MCP are available now to all JAMS Web customers across Australia, New Zealand, and Singapore, with no separate licence, SKU, or additional cost. AI-assisted creation of new jobs and workflows from a plain-language description is on the roadmap for a future release, gated by the same approvals and permissions as every other action.

Learn how JAX and JAMS MCP work at https://jamsscheduler.com/product/ai.

Fast facts

JAX is an AI agent built into the JAMS Web Client for job scheduling and workflow automation.JAMS MCP is a connector built on the open Model Context Protocol standard, for Cursor, VS Code with Copilot, Claude Code, Claude Desktop, and Codex.Both act as the signed-in user, with that user’s exact JAMS permissions, and there is no elevated AI account.Customers choose the AI model, including a local model that runs entirely inside their own network.JAMS never trains on customer data.Both are available now at no additional cost as part of JAMS Web.

About JAMS Software
Founded in 1987, JAMS Software is an orchestration solution that helps IT teams centralize, automate, and manage scheduled and event-driven jobs across complex, hybrid environments. Over 850 customers rely on JAMS to run their automated workloads. JAMS Software, LLC is headquartered at 108 Patriot Drive, Suite A, Middletown, DE 19709.

Media Contact
Bobby Schmidt, Vice President of Marketing
press@jamssoftware.com
800.261.4267

 

 

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