US sodium-ion battery maker Natron Energy said Mercuria, one of the world’s largest independent energy and commodities groups, invested in the development of its sodium-ion battery technology. No financial details were disclosed.
Natron plans to use the funds to accelerate the production of its sodium-ion batteries. Natron’s Prussian blue sodium-ion technology offers higher power density, longer life, and superior safety characteristics suitable for applications in energy markets. The supply chain for Natron’s sodium-ion batteries does not require lithium, cobalt, copper, nickel or any other minerals that are difficult to source, the company said.
Colin Wessells, Natron CEO said: “Mercuria’s investment bolsters Natron’s expansion into oil and gas and alternative energy markets and advances carbon reduction initiatives in the oilfield and elsewhere. This is the third such investment in Natron in the last four months… Mercuria’s investment will accelerate our plans for the world’s first mass production of sodium-ion batteries.”
