Reliance New Energy Solar to Acquire Faradion Limited

Based out of Sheffield and Oxford in UK and with its patented sodium-ion battery technology, Faradion is one of the leading global battery technology companies. It has a competitively superior, strategic, wide-reaching and extensive IP portfolio covering several aspects of sodium-ion technology.

Faradion’s sodium-ion technology provides significant advantages compared to alternative battery technologies, especially lithium-ion and lead acid, including:

a)     Sustainable – There is no dependence and use of cobalt, lithium, copper or graphite. Sodium is the sixth most abundant element on the planet.

b)     Patented zero-volt safe transport and storage.

c)     Low cost – total cost of ownership already comparable to lead-acid with potential for further reductions in costs.

d)     Scalability – utilises existing lithium-ion manufacturing infrastructure and is already proven with multiple commercial manufacturing partners.

e)     Performance – energy density on par with lithium-ion phosphate and with wider operating temperature range of -30? to +60?.

f)       Fast charge/ discharge capability.

All of this combines to offer a next generation, high density, safe, sustainable and low-cost energy storage technology solution.