Our Mission Statement: To produce the critical battery materials required to support the clean energy revolution Battery Future Acquisition Corp. is a newly formed blank check company targeting critical battery minerals and related supply chains.
Several other companies are also developing sodium-ion batteries, including the Chinese lithium-ion battery giant CATL, which unveiled its first sodium-ion battery in July 2021. CATL plans to begin commercial production in 2023. Chemistry matters.
Reliance aims to produce sodium-ion batteries in India based on Faradion’s technology. “We will work with Faradion management and accelerate its plans to commercialize the technology through building integrated and end-to-end giga scale manufacturing in India,” Mukesh Ambani, Reliance’s chairman, says in a press release.
Sodium-ion batteries are an attractive alternative to lithium-ion batteries because they are safer and about 30% cheaper. Their major disadvantage is that their energy density of about 150 W⋅h/kg is substantially lower than that of the latest lithium-ion batteries.