Faradion
Faradion Limited is a UK-based sodium-ion battery IP company founded in 2011, now a Reliance Industries subsidiary, licensing non-aqueous Na-ion cell technology to manufacturing partners for stationary energy storage, low-cost electric mobility, and renewable integration applications.
- Company typePrivate
- Founded2011
- HeadquartersSheffield, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Faradion does
Faradion Limited is a Sheffield-headquartered, UK-registered sodium-ion battery technology company founded in 2011 by Dr Jerry Barker, Dr Chris Wright, and Ashwin Kumaraswamy. Its core technology is non-aqueous sodium-ion cell chemistry that uses sodium as the charge carrier instead of lithium, offering lithium-ion-comparable performance (160 Wh/kg current production cells, targeting 190+ Wh/kg next-generation; 4,000+ cycle life; 92% round-trip efficiency; -20°C to +60°C operating range) at an anticipated 30% cost reduction and with materially superior thermal stability. Differentiated IP includes a patented Zero-Volt Safe Transport capability enabling cells to be shipped fully discharged, and a 21-patent-family portfolio spanning cathode, anode, electrolyte, and cell-infrastructure innovations. The company was acquired by Reliance New Energy Solar Ltd in December 2021 for £100 million enterprise value plus £25 million growth capital and is now positioned as the sodium-ion technology nucleus for Reliance's planned Jamnagar giga-factory in India.
Faradion operates as a B2B technology licensor rather than a vertically integrated cell manufacturer, generating revenue through IP and technology licensing to manufacturing partners (e.g., AMTE Power for UK/European stationary storage; Nation Energie JV for Australia), joint ventures, and targeted co-development collaborations with materials suppliers (Phillips 66) and OEMs (Jaguar Land Rover consortium for 12V/48V automotive). Target end-segments span stationary energy storage (residential, industrial, telecoms backup, micro-grids, renewable integration), low-cost electric mobility (e-bikes, e-scooters, e-rickshaws, LSEVs), commercial heavy goods vehicles, and off-grid/mobile solar storage (AceOn's Nigeria project). Post-acquisition, primary go-to-market is shifting toward internal Reliance deployment at industrial scale, with secondary licensing continuing through existing and new partners.
The customer base is enterprise-only and partner-led: anchor counterparties include Reliance Industries (parent), AMTE Power, IPLTech, ICM Australia, AceOn, Phillips 66, and the Nation Energie JV. Pricing is bespoke per licensing arrangement and not publicly disclosed; revenue was not separately reported prior to acquisition and is now consolidated within Reliance Industries. The company's growth is structurally tied to Reliance's giga-factory execution and to licensees' commercial adoption timelines, making it a strategic-option asset rather than a standalone cash-generative business today.
Faradion firmographics
Firmographics- Name
- Faradion
- Legal name
- Faradion Limited
- Website
- https://faradion.co.uk
- Company type
- Private
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Faradion Limited is a UK-based sodium-ion battery IP company founded in 2011, now a Reliance Industries subsidiary, licensing non-aqueous Na-ion cell technology to manufacturing partners for stationary energy storage, low-cost electric mobility, and renewable integration applications.
- Ownership category
- akta.pro rank
Faradion industry classification
Industry- Product category
- Battery Technology IP Licensing
- NAICS
- Battery Manufacturing (33591), Battery Manufacturing (335910)
- SIC
- Electrical Industrial Apparatus (3620)
- akta.pro primary industry
- Battery Cells (Li-ion, LFP, Sodium-ion, Lead-acid, NiMH) (IMAGAHAA)
- akta.pro secondary industries
- Battery Modules & Packs (Industrial/Commercial pack assembly) (IMAGAHAB), Automotive Batteries & 12V/Low-Voltage Energy Storage Manufacturing (IMACAJAJ), Battery Cell Manufacturing (EV) (IMACACAB), Battery Pack Manufacturing & Module Assembly (EUAFABAI)
Keywords
Where Faradion is headquartered
LocationHeadquarters
- HQ city
- Sheffield
- HQ country
- United Kingdom
- HQ region
- Europe
Offices4 records
Markets served
Faradion business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Others
Revenue model
- Technology Licensing and IP Licensing: Faradion licenses its sodium-ion battery technology and IP to manufacturing partners globally. Partners include AMTE Power (for ESS applications in defined geographies), with licensing deals granting rights to manufacture and sell sodium-ion cells for various applications.
- Licensing for Energy Storage Solutions: Collaboration and licensing deal with AMTE Power grants license for defined fields of use and geographies to manufacture and sell sodium-ion cells for Energy Storage Solutions including residential energy storage, commercial micro-grids, wind turbine and tidal energy storage.
- Joint Venture Revenue - Nation Energie: Faradion holds joint venture interest in Nation Energie (established 2021 as JV between ICM Investments and Faradion) which commercializes Faradion's Na-ion battery technology for commercial, residential and industrial ventures across Australia and beyond.
Go-to-market motion3 records
Distribution channels4 records
Marketing channels5 records
Faradion product offering
Product offeringCore offering
Faradion develops proprietary non-aqueous sodium-ion (Na-ion) battery technology and licenses its IP portfolio (21 patent families) to manufacturing partners globally. The company does not manufacture batteries itself; instead it licenses cell designs, materials, and zero-volt safe transport technology to OEMs, joint ventures, and energy storage integrators who produce and commercialize sodium-ion cells for stationary storage and transport applications.
Product overview
Faradion is a sodium-ion battery technology company offering core Na-ion battery products for two primary applications: Stationary Energy Storage and Transport. The company's stationary storage batteries serve residential, industrial, telecoms backup, and remote/offshore applications with unique zero-volt transportation capabilities. For transport, Faradion's cells power e-scooters, e-bikes, e-rickshaws, and are being developed for automotive and hybrid vehicle applications. The portfolio also includes licensed products like AMTE Power's 'Ultra Safe' sodium-ion battery, and partner products such as AceOn's mobile solar power station. Faradion operates through licensing and partnerships, providing its technology to manufacturers worldwide while maintaining an extensive intellectual property portfolio covering cell materials, cell infrastructure, and safety/transportation.
Differentiator
Problem solved
Functional benefit
Products and services
- Sodium-Ion Battery Technology and IP Licensing Core technology platform covering sodium-ion cell chemistry, materials, and manufacturing know-how. Licensed to manufacturing partners worldwide for defined fields of use and geographies. Target customers: cell manufacturers, battery pack assemblers, energy storage integrators, and OEMs in transport and stationary storage.
- Na-ion Batteries for Stationary Energy Storage Sodium-ion battery solution designed for stationary storage applications including residential and industrial storage, telecom backup power, and remote/offshore installations. Features zero-volt safe transport capability enabling use in hazardous or remote locations. Target customers: energy storage system integrators, telecom operators, renewable energy developers.
- Na-ion Cells for Transport Applications Sodium-ion cells targeting low-cost electric transport applications including LSEVs, e-scooters, e-bikes, and e-rickshaws as a drop-in replacement for lead-acid batteries. Also applicable to 12V SLI starter batteries and 48V mild hybrid electric vehicle (MHEV) batteries. Target customers: electric vehicle OEMs, automotive Tier 1 suppliers, two-wheeler and light vehicle manufacturers.
- Ultra Safe Sodium-ion Battery (AMTE Power Licensed Product) Licensed sodium-ion battery product manufactured by AMTE Power under Faradion's IP. Marketed as 'Ultra Safe' with enhanced thermal stability and zero-volt transportation capability. Contains no cobalt, copper, lithium, or graphite. Target customers: energy storage customers served through AMTE Power's UK manufacturing in Thurso, Scotland.
- Mobile Solar Power Station (AceOn Partner Product) Mobile solar energy storage unit developed with partner AceOn using Faradion's sodium-ion battery technology. Scalable up to 1MW. Designed for deployment in Nigeria and other off-grid markets. Target customers: off-grid energy users, telecommunications operators, rural electrification programs in sub-Saharan Africa.
Quantifiable outcome
- 30% cost reduction vs lithium-ion batteries
- +5 more outcomes
Companies that use Faradion
Customer profileNamed customers5 records
Segments5 records
Ideal customer profiles5 records
Faradion technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature9 records
Faradion partnerships and signals
Strategic signalPartnerships
21 partnerships are on record, tiered flagship, core, minor and major.
- Reliance Industries LimitedflagshipAcquired 100% of Faradion for £100 million enterprise value on December 31, 2021. Additional £25 million growth capital investment. Faradion's technology will be used at Reliance's proposed fully integrated energy storage giga-factory at Dhirubhai Ambani Green Energy Giga Complex in Jamnagar, India.
- Nation EnergiecoreJoint venture between ICM Investments and Faradion, established in 2021. First Faradion battery installed in Australia at Yarra Valley, NSW trail site. Commercializes Na-ion battery technology for commercial, residential and industrial ventures across Australia and beyond.
- AceOnminor£1 million Innovate UK-funded project to develop mobile solar energy storage unit using Faradion's sodium-ion batteries. First commercial use of technology in sub-Saharan Africa, with deployment planned for Nigeria.
- University of WolverhamptonminorPartner in AceOn's mobile solar storage project. Wolverhampton Institute of Sustainable Energy (WiSE) team leads technical development work.
- Nevadic LimitedminorNigeria-based energy and power company partner in AceOn's mobile solar storage project. Nigeria identified as perfect test-bed due to soaring electricity prices and unreliable energy access.
- AMTE PowercoreCollaboration and licensing deal combining Faradion's IP with AMTE Power's design and manufacturing capabilities. Grants license for defined fields of use and geographies to manufacture and sell sodium-ion cells for Energy Storage Solutions. AMTE brands its product 'Ultra Safe'.
- Phillips 66coreTechnical collaboration to develop lower-cost and higher-performing anode materials for sodium-ion batteries. Leverages Phillips 66's experience in specialty carbon materials and Faradion's sodium-ion battery technology leadership.
- Infraprime Logistics Technologies (IPLTech)corePartnership for sodium-ion batteries for commercial vehicles in Indian market. IPLTech is developing full electric mega trucks in India with Faradion's high energy sodium-ion batteries. Supports India's 30% EV adoption target by 2030.
- Advanced Propulsion Centre (APC)minorUK Government organization managing the UK Government Pavilion at The Battery Show North America 2019, where Faradion and other UK battery companies showcased technologies.
- Jaguar Land RoverminorPart of consortium in £2M Innovate UK project to develop sodium-ion batteries for automotive power applications. Project targets replacing lead-acid 12V batteries in electrified vehicles with lower weight/volume sodium-ion alternatives.
- CrodaminorSpecialty chemicals company in £2M Innovate UK project developing electrolyte additives for sodium-ion batteries for automotive power applications.
- Talga TechnologiesminorPartner in £2M Innovate UK project focusing on natural carbon anodes for sodium-ion battery development for automotive power applications.
- University College London (UCL)minorPartner in £1.1M Innovate UK project for anode materials and cell scale-up. UCL provides state-of-the-art scientific characterization facilities.
- Aceon Battery Solar Technology LtdminorPartner in £1.1M Innovate UK project for residential energy storage using sodium-ion technology. Contributes battery building skills and UK supply chain development.
- Dyctotec Materials LtdminorPartner in Innovate UK-funded PHOENIX project to develop environmentally friendly, high performance negative electrode (hard carbon) for sodium-ion batteries.
- Warwick Manufacturing GroupminorPartner in PHOENIX project for printable hard carbon electrodes with extra capacity for sodium-ion batteries.
- AGM BatteriesmajorJoint R&D partnership to commercialize sodium-ion technology. AGM leverages its 4,000 m2 production facility in Caithness, Scotland and experience in commercializing lithium-ion cells to develop Faradion's sodium-ion technology to market-ready standard.
- Moixa TechnologymajorPartnership to develop sodium-ion cells as low-cost alternative to lithium-ion for solar energy storage. Moixa provides photovoltaic energy storage system design and market knowledge; Faradion contributes sodium-ion battery technology.
- WMG, University of WarwickmajorPartnership provides large scale prototype manufacturing and electrode coating capabilities. WMG's Energy Innovation Centre supports development from concept to proven traction batteries for industrial scale testing.
- Williams Advanced EngineeringminorCollaborated with Faradion and Oxford University to demonstrate the world's first sodium-ion battery powered vehicle with an e-bike battery demonstrator.
- Oxford UniversityminorCollaborated with Faradion and Williams Advanced Engineering on world's first sodium-ion battery powered vehicle e-bike demonstrator.
Scale indicators11 records
Recent moves6 records
Expansion highlights7 records
Faradion competitors and assessment
Company assessmentBroad incumbents
- BYD: Vertically integrated Chinese EV and battery manufacturer with its own sodium-ion development pipeline. Comparable as a Na-ion competitor with in-house cell manufacturing scale that Faradion must compete or partner with, particularly for automotive and ESS applications.
- CATL: World's largest battery manufacturer; has launched a dedicated sodium-ion brand (Naxtra) and is commercialising Na-ion cells for mass-market EVs and storage. Comparable as a Na-ion competitor and as the dominant incumbent whose pricing and roadmap set the benchmark Faradion's licensing value is measured against.
- Northvolt: Swedish gigafactory-scale battery cell manufacturer with a sodium-ion development program alongside its lithium-ion portfolio. Comparable as a European battery incumbent that competes for the same ESS and EV customers, but operates at materially larger scale and across multiple chemistries.
Emerging players
- Natron Energy: US-based developer of Prussian Blue sodium-ion batteries targeting data centre backup, EV fast-charging and industrial power. Comparable to Faradion as a non-lithium alternative-chemistry battery IP developer with safety/duration differentiators aimed at stationary and mobility applications.
- Solidion Technology: US-based developer of next-generation battery technologies including lithium-sulfur and silicon-rich anodes. Comparable to Faradion as a small, IP-focused next-generation battery company pursuing licensing and partnership commercialisation models outside the Li-ion mainstream.
- Tiamat: French sodium-ion battery startup developing cells for power tools and mobility. Closely comparable to Faradion in terms of technology positioning (Na-ion), European origin, and target use cases in entry-level mobility and stationary applications.
Direct peers
- Altris: Sweden-based sodium-ion battery technology developer focused on Prussian White cathode materials and cells. Closely comparable to Faradion as a European Na-ion IP and cell company targeting stationary storage and mobility, with a similar early-stage, licensing-and-partnership-oriented business model.
- HiNa Battery Technology: Chinese sodium-ion battery company spun out of the Chinese Academy of Sciences, producing Na-ion cells for e-bikes, EVs and stationary storage. Directly competes with Faradion's chemistry positioning and shares the Na-ion cell focus on low-cost mobility and ESS applications.
- AMTE Power: UK-based battery cell manufacturer producing sodium-ion (branded 'Ultra Safe') and lithium-ion cells in Thurso, Scotland. Directly comparable as both an active Na-ion cell player and as Faradion's licensing partner — a working overlap that makes AMTE both peer and commercial counterpart.
Others
- Reliance Industries (New Energy business): Parent company and strategic acquirer of Faradion; building the Jamnagar giga-factory where Faradion's technology will be deployed. Comparable in that it operates the largest potential commercialisation channel for Faradion IP, but is a strategic owner/customer rather than a direct technology competitor.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks5 records
Key highlights7 records
Customer concentration
Faradion social profiles
Digital presenceFaradion financial estimates
Financial estimateRevenue estimate
Valuation estimate
Faradion leadership team
Management profileNumber of profiles
Profiles5 records
Faradion subsidiaries and ownership
Company hierarchySubsidiaries1 record
Faradion funding detail
Funding detailFunding overview
Funding rounds2 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Faradion M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Faradion
What does Faradion do?
Faradion develops proprietary non-aqueous sodium-ion (Na-ion) battery technology and licenses its IP portfolio (21 patent families) to manufacturing partners globally. The company does not manufacture batteries itself; instead it licenses cell designs, materials, and zero-volt safe transport technology to OEMs, joint ventures, and energy storage integrators who produce and commercialize sodium-ion cells for stationary storage and transport applications.
Is Faradion a public or private company?
Faradion is a private company. It is classified as corporate owned and is currently operating.
When was Faradion founded?
Faradion was founded in 2011. It employs 11 to 50 people.
Where is Faradion based?
Faradion is headquartered in Sheffield, United Kingdom, in the Europe region.
How does Faradion make money?
Three revenue lines are on record. Technology Licensing and IP Licensing is the primary driver. The others are licensing for Energy Storage Solutions and joint Venture Revenue - Nation Energie.
Who are Faradion's main competitors?
Broad incumbents on record are BYD, CATL and Northvolt. Emerging players are Natron Energy, Solidion Technology and Tiamat. Direct peers are Altris, HiNa Battery Technology and AMTE Power. Reliance Industries (New Energy business) is listed as an others.
Does Faradion have an API?
No public API is recorded for Faradion.
What industry is Faradion in?
Faradion's product category is Battery Technology IP Licensing. Its primary akta.pro industry code is IMAGAHAA, Battery Cells (Li-ion, LFP, Sodium-ion, Lead-acid, NiMH), with a secondary code of IMAGAHAB, Battery Modules & Packs (Industrial/Commercial pack assembly). Its NAICS code is 33591 and its SIC code is 3620.