Reliance New Energy expands ownership in sodium-ion battery leader Faradion
Reliance New Energy, a subsidiary of Reliance Industries, has acquired a full stake in Faradion, a leading UK sodium-ion battery technology company. The acquisition strengthens Reliance’s position in sustainable energy storage, which is critical to India’s green energy goals. Faradian sodium-ion batteries are recognized for their low cost, high efficiency and long life, making them a valuable alternative to lithium-ion batteries due to their high sodium content and low environmental impact
The acquisition is in line with Reliance’s $10 billion commitment to renewable energy through projects such as the Dhirubhai Ambani Green Energy Giga Complex. This facility aims to integrate sustainable technologies, enabling large-scale, affordable clean energy solutions. By adopting Faradian technology, Reliance plans to build an entire energy storage ecosystem within India, meeting the country’s enormous need for reliable, renewable energy sources to meet future needs.
Sodium-ion technology is expected to play a key role in achieving these goals, as it offers lower manufacturing costs than conventional lithium-ion batteries and adds capacity Through with this acquisition, Reliance’s extensive Faradian research technology and licensing mark a major step forward in India’s green energy transformation and Reliance’s repositioning as a global player leader in sustainable innovation.