Phillips 66 and Faradion today announced they are jointly developing lower-cost and higher-performing anode materials for sodium-ion batteries.
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Phillips 66 and Faradium new sodium-ion battery partnership
This Tuesday, Houston-based diversified energy manufacturing and logistics company Phillips 66, and Faradion, one of the U.K.-based companies behind the first demonstration of a sodium-ion powered vehicle, announced they would jointly develop lower-cost and higher-performing anode materials for sodium-ion batteries.
According to the parties, sodium-ion battery technology has an inherent advantage over other power-storage technologies. Consequently, this is because it uses low-cost materials that are sustainable and widely available.
In fact, carbon is the preferred anode material for batteries. Thus, this collaboration would leverage Phillips 66’s experience, developing specialty carbon materials. Furthermore, it would leverage Faradion’s work as a leader in sodium-ion battery technology.
“Our world-class research team is working on various energy production and storage technologies. Therefore, these solutions could help meet the world’s growing energy needs while advancing a lower-carbon future,” said Ann Oglesby, Vice President, Energy Research & Innovation at Phillips 66.
Moreover, “we’re pleased to put some of our resources into play with Faradion. Hence, it works to bring game-changing technology to market using our high-performing anode materials,” added Oglesby.
Thus far, Phillips 66 has filed numerous patent applications on battery-related technology. Similarly, Faradion’s technology provides performance similar to conventional chemistries while avoiding expensive materials such as cobalt. Besides, the company replaces lithium with more sustainable and abundant sodium while giving better safety and thermal stability.
About the companies
Also, “this agreement brings together Phillips 66’s strengths in hard-carbon anode material and Faradion’s sodium-ion technology for a high-performance, sustainable next-generation energy storage technology,” said James Quinn, CEO of Faradion.
Therefore, “we aim to accelerate further large-scale industrialization of Faradion’s safe, low-cost sodium-ion energy technology. Hence, we are looking forward to Phillips 66 supporting Faradion’s growth in the rapidly expanding battery market. Furthermore, we hope to contribute to the transformation of the global energy market jointly.”
Indeed, in 2015, Faradion demonstrated the world’s first sodium-ion battery-powered vehicle. Moreover, the demonstration happened when it launched an e-bike battery demonstrator in collaboration with Williams Advanced Engineering and Oxford University.
Finally, the company’s comprehensive intellectual property portfolio comprises multiple patent families focusing on cell materials, cell infrastructure, pack design, safety, and transportation.
Phillips 66 has a portfolio of Midstream, Chemicals, Refining, and Marketing, and Specialties businesses. Besides, the company processes, transports, stores, and markets fuels and products globally.
On the other hand, Faradion is the world leader in sodium-ion battery technology that provides low cost, high performance, safe and sustainable energy. Furthermore, Faradion’s patented zero-volt capability enables the safe transportation and maintenance of sodium-ion batteries.
Besides, its sodium-ion batteries contain no cobalt, no lithium, and no copper, resulting in a safe and sustainable, cost-effective, high-performance technology.