Faradion (Reliance New Energy)

Faradion (Reliance New Energy) holds the strongest early-mover advantage in global sodium-ion, with commercial cells delivering 160 Wh/kg at 32 Ah and 4,000 cycles to 80 percent capacity retention. Founded in 2011 in Sheffield, the company pioneered layered nickel-manganese-magnesium-titanium oxide cathodes paired with hard carbon anodes. Its next-generation design targets 190 Wh/kg, which would outperform #6 Peak Energy's grid-focused cells by a 30 Wh/kg margin. Reliance Industries acquired Faradion for $136 million in 2022, committing an additional $34 million for growth, and plans a sodium-ion gigafactory in Jamnagar, India to reduce reliance on Chinese imports. This technology-licensing role for Indian EV and grid storage markets gives Faradion a supply-chain position no other Western sodium startup currently matches.