Faradion

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.

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

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

• Sodium-ion batteries
• Battery technology licensing
• Stationary energy storage
• Electric vehicle batteries
• Non-aqueous battery chemistry

Headquarters

HQ city

Sheffield

HQ country

United Kingdom

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Others

Revenue model

1. 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.
2. 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.
3. 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

Core 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

Named customers5 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature9 records

Partnerships

21 partnerships are on record, tiered flagship, core, minor and major.

• Reliance Industries LimitedflagshipStrategic or Co-development Partner · 31 December 2021Acquired 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 EnergiecoreStrategic or Co-development Partner · 5 December 2021Joint 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.
• AceOnminorStrategic or Co-development Partner · 10 July 2021£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 WolverhamptonminorStrategic or Co-development Partner · 10 July 2021Partner in AceOn's mobile solar storage project. Wolverhampton Institute of Sustainable Energy (WiSE) team leads technical development work.
• Nevadic LimitedminorStrategic or Co-development Partner · 10 July 2021Nigeria-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 PowercoreOEM/ Whitelabel/ Licensing Partner · 10 March 2021Collaboration 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 66coreStrategic or Co-development Partner · 25 February 2021Technical 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)coreStrategic or Co-development Partner · 3 June 2020Partnership 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)minorStrategic or Co-development Partner · 30 August 2019UK 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 RoverminorStrategic or Co-development Partner · 28 March 2018Part 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.
• CrodaminorStrategic or Co-development Partner · 28 March 2018Specialty chemicals company in £2M Innovate UK project developing electrolyte additives for sodium-ion batteries for automotive power applications.
• Talga TechnologiesminorStrategic or Co-development Partner · 28 March 2018Partner in £2M Innovate UK project focusing on natural carbon anodes for sodium-ion battery development for automotive power applications.
• University College London (UCL)minorStrategic or Co-development Partner · 28 March 2018Partner 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 LtdminorStrategic or Co-development Partner · 28 March 2018Partner 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 LtdminorStrategic or Co-development Partner · 23 March 2018Partner in Innovate UK-funded PHOENIX project to develop environmentally friendly, high performance negative electrode (hard carbon) for sodium-ion batteries.
• Warwick Manufacturing GroupminorStrategic or Co-development Partner · 23 March 2018Partner in PHOENIX project for printable hard carbon electrodes with extra capacity for sodium-ion batteries.
• AGM BatteriesmajorStrategic or Co-development Partner · 1 March 2016Joint 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 TechnologymajorStrategic or Co-development Partner · 1 March 2016Partnership 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 WarwickmajorStrategic or Co-development Partner · 1 March 2016Partnership 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 EngineeringminorStrategic or Co-development PartnerCollaborated with Faradion and Oxford University to demonstrate the world's first sodium-ion battery powered vehicle with an e-bike battery demonstrator.
• Oxford UniversityminorStrategic or Co-development PartnerCollaborated 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

Broad 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

• Xx.com/newsfaradion
• LinkedInlinkedin.com/company/4446466

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors1 record

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M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Faradion