Reliance Industries said its solar unit will buy UK-based sodium-ion battery technology provider Faradion for GBP100 million (US$135 million) including debt, as the Indian conglomerate pushes forward with its ambitious plan to move into the renewable energy industry.
The Gurgaon-based data-driven fleet service provider—which launched India’s first all-electric heavy-duty truck last year—will use Faradion’s sodium-ion batteries in its commercial vehicles.
A German-Israeli research group has gathered for three days to discuss which storage technologies may outperform lithium-ion batteries in the future. They concluded that there is no such a thing as a “post Li‐ion” era in sight. They recommended a “side‐by‐side” approach for multiple technologies in different applications, as well as the hybridization of technologies. The group highlighted the strong potential of redox flow storage, which in their view may outperform Li‐ion, although only for stationary applications.
The sodium-ion battery technology developer has bagged its first order from ICM Australia and is looking at India as the next destination for manufacturing with the initial target set as 1 GWh.
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