Battery makers Faradion and AMTE Power announce licensing deal

Battery manufacturers AMTE Power and Faradion have announced a collaboration that combines Faradion’s IP with AMTE’s design and manufacturing capabilities.

The collaboration grants AMTE a license to manufacture and sell sodium-ion cells for battery packs. Faradion says its technology is scalable and can leverage AMTE’s existing lithium-ion manufacturing facilities.

AMTE CEO Kevin Brundish said, “This partnership between AMTE and Faradion allows us to manufacture next-generation sustainable, sodium-ion batteries in the UK and leverage our core manufacturing expertise. Following our IPO, our intention is to build upon our ongoing collaboration and continue to utilize our production plant to scale and transfer Faradion’s existing new cell technologies to volume manufacture.”

Source: Faradion