Arkema, a global leader in the chemical industry, has recently acquired a stake in the start-up Tiamat, a company that emerged from the French National Centre for Scientific Research (CNRS) in 2017. This strategic investment is a significant step towards advancing Sodium-ion Battery technology, which offers a promising alternative to the prevalent Lithium-ion batteries.
Arkema’s Investment in Tiamat
Arkema’s investment in Tiamat is part of a recent €22 million fundraising round that Tiamat conducted. Other strategic investors in this round included Stellantis Ventures and MBD. The funds raised will be used to construct a dedicated Giga-factory in France, with the aim of producing 5 GWh of Sodium-ion Battery cells. The initial capacity of the factory is expected to be 0.7 GWh by the end of 2025, potentially creating a thousand jobs.
Armand AJDARI, Arkema’s Chief Technology Officer, highlighted the company’s role in providing material solutions across various battery technologies. He stated that the sodium-ion technology developed by Tiamat is particularly interesting as it enables independence from lithium, aligning perfectly with Arkema’s strategy of pioneering innovative, sustainable materials
The Significance of Sodium-Ion Technology
Tiamat, which emerged from the CNRS in 2017, focuses on sodium-ion technology innovation. With the support of Arkema, Tiamat aims to build a dedicated Giga-factory in France, targeting to produce 5 GWh of Sodium-ion Battery cells. With an initial capacity of 0.7 GWh anticipated by the end of 2025, the project could generate a thousand jobs.
Armand AJDARI, Arkema’s Chief Technology Officer, emphasizes the company’s role in delivering material solutions across various battery technologies. “The sodium-ion technology developed by Tiamat is very interesting, as it enables independence from lithium. This operation aligns perfectly with Arkema’s strategy of pioneering innovative, sustainable materials,” he added.
Future Prospects and Industry Impact
Arkema’s venture into sodium-ion batteries represents an eco-friendly alternative to current energy storage technologies. This collaboration with Tiamat and other strategic investors like Stellantis Ventures and MBDA displays a consolidated effort to redefine the battery industry.
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