UNIGRID Battery
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U.S. Sodium-Ion Battery Startup Receives Investment from LG Technology Ventures
LG Technology Ventures, has made an investment in UNIGRID Inc., a California-based startup that develops advanced sodium-ion batteries, placing a stake in the emerging sodium ion battery development space. LG Technology Ventures’ investment in UNIGRID reflects a thorough technical evaluation, serving as an endorsement of the startup’s innovative sodium-ion battery technology. This support from one of the market leaders not only accelerates UNIGRID’s growth but also signals to the market the robustness and potential of their solutions.
Sodium-ion batteries are produced using abundant sodium-based materials. UNIGRID’s batteries do not contain lithium, nickel, cobalt, nor copper, offering a promising pathway to mitigating the supply chain risks of lithium-based batteries. Sodium-ion batteries are applicable for a versatile array of energy storage applications as they are less expensive, safer, and can operate over a wide temperature range.
Since its inception, UNIGRID has positioned itself as a sodium-ion innovator and a technology frontrunner, developing cells with energy densities that exceed lithium iron phosphate (LFP) batteries. Additionally, the sodium ion battery technology offers safety properties that are superior to conventional batteries.