New Delhi: Stellantis Ventures, the company enterprise fund of Stellantis N.V., has introduced its participation as a strategic investor in Tiamat, a France-based firm that’s creating and commercializing sodium-ion battery expertise.
Sodium-ion expertise gives a decrease value per kilowatt-hour and is freed from lithium and cobalt. Abundantly obtainable sodium gives advantages in elevated sustainability and materials sovereignty.
Tiamat was certainly one of 11 top-performing expertise startups honoured with a Stellantis Ventures Award in 2023, and is the primary firm on the earth to have just lately commercialized a sodium-ion expertise in an electrified product.
The funding helps Stellantis’ mission to supply clear, protected and reasonably priced mobility to clients world wide. Sodium-ion expertise holds the promise of a cheaper power storage in contrast with right this moment’s broadly used lithium-ion battery expertise, the corporate mentioned.
“Exploring new choices for extra sustainable and reasonably priced batteries that use broadly obtainable uncooked supplies is a key a part of our RESS ambitions of the Dare Ahead 2030 strategic plan that can see us attain carbon internet zero by 2038,” Ned Curic, Stellantis Chief Engineering and Expertise Officer, mentioned. “Our clients are asking for emissions-free automobiles that provide a mixture of sturdy driving vary, efficiency and affordability. That is our North Star, as Stellantis and its companions work right this moment to develop ground-breaking applied sciences for the long run.”
Shifting to electrical propulsion is a key pillar of the Dare Ahead 2030 strategic plan. It contains reaching a 100% passenger automotive battery electrical car (BEV) gross sales combine in Europe and 50% passenger automotive and light-duty truck BEV gross sales combine in america by 2030. To attain these gross sales targets, Stellantis is securing roughly 400 GWh of battery capability. Stellantis is on observe to turn out to be a carbon internet zero company by 2038, all scopes included, with single-digit proportion compensation of remaining emissions, the corporate mentioned in a media launch.
Supporting that ambition, Stellantis has secured provides of EV uncooked supplies by 2027 by signing key agreements world wide. Stellantis can also be investing within the growth of other applied sciences for power storage, together with solid-state batteries with Factorial Vitality, lithium-sulfur chemistry with Lyten Inc. and sodium-ion with Tiamat.
Tiamat is a spin-off of the French Nationwide Centre for Scientific Analysis (CNRS) and is leveraging its best-in-class improvements. The corporate will use proceeds from the fundraising spherical that features Stellantis Ventures to launch development of a sodium-ion battery plant in France for energy instruments and stationary storage purposes first, after which focusing on to scale-up manufacturing of second era merchandise for BEV purposes, the discharge added.
