![]() Update 3: Water-based chemistries have low voltage and low energy density, which adds to cost. Maybe battery-powered EV fast chargers? Buses that run 24/7? Grids that are highly peaky?” So you need applications that are cycling multiple times per day. And extra cycles beyond year twenty don’t make much contribution to net present value. Note that “daily cycling for 10 years is only 3,650 cycles. Update 2: “Tens of thousands of cycles is an impressive feat,” but this is only valuable for certain applications. Think ultra-fast discharges, unbelievable cycle lives, low cost, and non-toxic materials,” according to someone close to the company. Update 1: The startup is “going after some applications that have been traditionally lead acid and some that have been lithium ion. Natron’s batteries survive tens of thousands of deep discharge cycles, can be fully charged or discharged in just minutes, and cost significantly less than incumbent lead acid batteries.” Colin Wessells at Stanford University.Īlthough Prussian blue provides modest energy density, the startup claims that Prussian blue is so earth-available and inexpensive that it could provide a cost-effective and sustainable answer for stationary energy storage.Īccording to its website, Natron is developing batteries for “data-center UPS, electric forklifts, smart grids/microgrids, and renewables support. Natron is the former Alveo which was founded in 2012, based on work within the Huggins Group by co-founder Dr. Fluxus Ventures has also invested in the firm which has received a total of more than $50 million in venture funding and more than $5 million in ARPA-E and DOE funding. Return backers Chevron Technology Ventures, Khosla Ventures, and Prelude Ventures also participated. Natron Energy, a Santa Clara, Calif.-based startup developing a battery using Prussian blue analogue electrodes and a sodium-ion electrolyte, raised $35 million in series D funding led by ABB Technology Ventures, NanoDimension Capital and Volta Energy Technologies. With this support from Nabors, Natron is accelerating the rate at which it brings its Michigan factory online for the world’s first mass production of sodium-ion batteries.We reported on battery builder Natron’s $35 million investment round last week - but wanted to provide an update on the company’s markets and technology from people familiar with the firm. Having the global power of Nabors backing us is a game-changer that expands access to the carbon reduction initiatives in the oilfield. Their investment dramatically accelerates Natron’s entry into oil and gas markets. We are excited to add to our clean energy initiatives while leveraging our existing competencies and global scale to help accelerate the commercialization of this exciting technology within the oil and gas industry.”Ĭolin Wessells, Ph.D., Natron Co-Founder and CEO, added: “We are excited to team up with Nabors. Following our investment in geothermal energy, emissions monitoring, and ultracapacitors, we now welcome Natron to our energy transition venture portfolio. Together, Natron and Nabors will target drilling operations where Nabors has already started to combine energy storage solutions with traditional fuel-powered generators to lower emissions and fuel consumption. ![]() Natron can provide a safe, cost-effective battery solution for various industrial applications. Petrello, Nabors Chairman, CEO and President, said: “As businesses accelerate the electrification of operations, the need for reliable, affordable, and environmentally responsible energy storage solutions is greater than ever before. Natron leverages existing lithium-ion manufacturing facilities for production, and its supply chain requires zero lithium, cobalt, copper, nickel, or other difficult-to-obtain minerals. ![]() Natron’s batteries, which store sodium ions in electrode materials based on Prussian blue materials, offer higher power density, longer service life, and unique safety characteristics over other battery technologies. Natron and Nabors are evaluating the introduction of sodium-ion batteries as an energy storage solution for drilling markets. Natron plans to use the funds to accelerate the production of its sodium-based battery technology at its Michigan facilities, concentrating on industrial power and energy transition markets. (“Natron”), a global leader in the manufacturing of sodium-ion batteries. (“Nabors”) (NYSE: NBR), a leading provider of advanced technology for the global energy industry, today announced that it has invested $7 million in Natron Energy, Inc. HAMILTON, Bermuda and SANTA CLARA, Calif. – July 21, 2022 – Nabors Industries Ltd.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |