The world’s first sodium-ion powered vehicle was demonstrated by British battery R&D company Faradion as it progresses its technology ready for market.
British start-up Faradion has almost £2m to develop sodium-ion batteries following further funding from investors Finance Yorkshire, Rising Stars Growth Fund and Haldor Topsoe.
The additional funding by the three investors and a ‘secret’ Japanese electronics giant will allow the company to ‘prove’ and scale up its Na-ion development programme.
US energy storage developer Aquion Energy is to provide a 1MWh battery as part of a private off-grid solar PV microgrid at the Kona coast on the Island of Hawaii.
The Aquion Energy’s Aqueous Hybrid Ion (AHI) battery will be the world’s biggest privately owned battery and connected to a 176 kW solar PV array. The system is designed to generate 350MWh per year. The application will be installed at private residential estate Bakken Hale.
US sodium battery manufacturer Aquion Energy (Aquion) has received $36.8m in a series E venture finance round.
The Pennsylvania-based maker of sodium batteries for grid storage will use the investment to support customer-facing resources, scale-up production and expand the manufacturing facility.
UK-based sodium-ion (Na-ion) and lithium-ion battery material company Faradion has appointed former Axeon CEO Lawrence Berns as CEO.
Lawrence replaces Chris Wright who is now Faradion’s chairman.
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.