Reliance New Energy Solar recently purchased Faradion Limited which specializes in sodium-ion battery technology
Faradion Limited. Reliance is the largest private sector company in India. It’s also an energy company that focuses primarily on fossil fuels. The fact that its solar business has purchased Faradion shows that it’s making moves into battery development.
Uses existing lithium-ion manufacturing infrastructure which makes it scalable. Also, the company noted that it’s already been proven with several of its commercial manufacturing partners. “Most importantly, it utilizes sodium, which will secure India’s energy storage requirements for its large renewable energy and fast-growing EV charging market. 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.