Tiamat
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Stellantis Ventures Invests in Tiamat and Affordable Sodium-Ion Battery Technology
Stellantis announced its participation as a strategic investor in Tiamat, a France-based company that is developing and commercializing sodium-ion battery technology. Sodium-ion technology offers a lower cost per kilowatt-hour and is free of lithium and cobalt. Abundantly available sodium offers benefits in increased sustainability and material sovereignty.
Tiamat is a spin-off of the French National Centre for Scientific Research (CNRS) and is leveraging its best-in-class innovations. The company will use proceeds from the fundraising round that includes Stellantis Ventures to launch construction of a sodium-ion battery plant in France for power tools and stationary storage applications first, and then targeting to scale-up production of second-generation products for BEV applications.
Arkema acquires a stake in Tiamat and accelerates in next generation batteries
Arkema becomes a shareholder of the start-up Tiamat, spun off from the CNRS (Centre National de la Recherche Scientifique) in 2017 and a pioneer in sodium-ion battery technology. This investment will enable the Group to accelerate the development of technical solutions adapted to these batteries, which do not use lithium. The Group is once again demonstrating its willingness to be a key player in battery materials, offering a unique range of products adapted to all energy storage technologies.