Natron leverages existing lithium-ion manufacturing facilities for production, and its supply chain requires zero lithium, cobalt, copper, nickel, or other minerals that are difficult to source. These qualities are crucial for the safe and successful deployment in pressure pumping applications with highly variable power load requirements. Natron’s Prussian blue sodium-ion technology offers higher power density, longer service life, and unique safety characteristics over other battery technologies.

In addition to Volta, Solid Power is backed by prominent investors including Samsung, Hyundai, Ford, and Solvay.Natron plans to use the funds to accelerate the production of its sodium-based battery technology, including industrial power and energy markets. Solid Power has extensive partnerships with both BMW and Ford to jointly develop all solid-state batteries using the company’s Louisville-based megawatt-hour-scale (MWh) production line.

As a result, Solid Power’s all solid-state batteries are safer and more stable across a broad temperature range, can provide a 50-100% increase in energy density compared to the best available rechargeable batteries, enable cheaper, more energy-dense battery pack designs and are compatible with traditional lithium-ion manufacturing processes.

Founded in 2012 as a spin-out from the University of Colorado Boulder, Solid Power replaces the flammable liquid electrolyte in a conventional lithium-ion battery with a proprietary sulfide solid electrolyte. Solid Power is an industry-leading developer of all solid-state rechargeable batteries for electric vehicles and mobile power markets.

Natron energy inc stock