Sodium-ion battery developer Faradion receives investment
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UK-based Faradion Limited has secured investment from a group comprising Haldor Topsoe, a catalysis technologies developer, and Finance Yorkshire’s Seedcorn and Rising Stars Growth Fund.
Haldor Topsoe acquired an 18% equity interest in the Sheffield sodium-ion battery developer and will collaborate to co-develop and scale up the technology to commercial level. The Danish engineering firm will also hold a license to manufacture and sell cathode materials using Faradion’s technology.
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