Kevin Brundish, CEO of AGM Batteries, said: “AGM has developed significant experience in the later phases of developing and commercialising battery technologies, and the partnership with Faradion offers the opportunity for us to take a sodium-ion technology to key markets.”
Sodium-ion battery technology is said to offer a more chemically stable alternative to lithium-ion, making batteries easier and safer to transport and store. By using highly abundant sodium salts rather than lithium, it is expected that sodium-ion batteries will also cost around 30% less to produce compared to conventional lithium-ion technologies.
Francis Massin, CEO of Faradion, said: “This partnership will allow us to drive our technology forwards and engineer a complete cell that is ready to be brought to market.”
