Mercuria, one of the world’s largest independent energy and commodities groups, today announced an investment in Natron Energy, the global leader in the manufacturing of sodium-ion batteries. The investment will further Natron’s development of sodium-ion battery technology as an energy storage solution for global energy markets.
Natron plans to use the funds to accelerate the production of its sodium-ion batteries, which furthers Mercuria’s continued investment in the energy transition. Natron’s Prussian blue sodium-ion technology offers higher power density, longer life, and superior safety characteristics that make it uniquely suited for applications in energy markets. The supply chain for Natron’s sodium-ion batteries requires zero lithium, cobalt, copper, nickel, or other minerals that are difficult to source.
“We are enthusiastic about our investment in Natron to advance carbon reduction initiatives,” said Jean-François Steels, Vice President of Energy Transition at Mercuria. “We look forward to working together with its team and stakeholders at Natron to advance the mass production of sodium-ion batteries, which are a needed energy transition storage solution.”
Colin Wessells, Natron Co-Founder, and CEO said, “Mercuria’s investment bolsters Natron’s expansion into oil and gas and alternative energy markets and advances carbon reduction initiatives in the oilfield and elsewhere. This is the third such investment in Natron in the last four months, consistent with market enthusiasm for our technology. Mercuria’s investment will accelerate our plans for the world’s first mass production of sodium-ion batteries.”
The Mercuria investment comes on the heels of similar investments in Natron from Liberty Energy, Inc. and Nabors Industries Ltd. earlier this year.
