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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.
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