London-based startup TaiSan has secured significant pre-seed funding to further develop their revolutionary sodium-ion battery technology. With EIT InnoEnergy, TSP Ventures, Heartfelt VC, and Exergon leading the funding round, TaiSan aims to disrupt the electric vehicle (EV) industry by offering cost-effective, sustainable, and safe alternatives to traditional lithium-ion batteries.
The adoption of sodium-ion chemistry is predicted to become one of the key advancements in the EV sector. Compared to lithium-ion batteries, sodium-ion batteries offer numerous advantages, including lower costs, enhanced sustainability, and improved safety. Experts believe that the global sodium-ion battery market will be valued at £1 billion by 2028, with a capacity of 186GWh per year by 2030.
EIT InnoEnergy Scandinavia CEO, Lowina Lundström, expressed excitement about TaiSan’s potential to pioneer the use of sodium-ion batteries in demanding applications like traction batteries or high-power batteries. This shift could expand the scope of sodium-ion chemistry beyond its traditional use in stationary storage applications.
TaiSan, founded in 2022, has developed proprietary electrolyte and anode materials for their Gen 1.0 product. This innovation has resulted in a comparable energy density to automotive lithium-ion batteries, but with an estimated 20% cost reduction. Additionally, TaiSan’s technology is based on sustainable and abundant materials, eliminating the need for lithium, nickel, cobalt, and copper metals, which are commonly used in lithium-ion batteries.
The company’s sodium-ion batteries offer industry-standard ionic conductivity, enabling fast-charging capabilities and reducing the risk of dendrite growth. Moreover, these batteries have a high-capacity anode and are designed to prevent leakage and fire hazards. TaiSan’s technology is compatible with existing lithium-ion battery manufacturing facilities, making it a convenient ‘drop-in’ solution for the industry.
With several memorandums of understanding (MOUs) already signed with automotive manufacturers, TaiSan plans to use the latest funding to achieve key milestones in their partnerships and advance the development of their electrolyte and anode materials. Sanzhar Taizhan, the founder and CEO of TaiSan, expressed enthusiasm for the company’s sodium-ion battery, predicting that it will revolutionize the EV industry by delivering smaller, lighter, and higher energy density batteries accompanied by significant cost savings.
TaiSan has already received approximately £500,000 in funding from various UK government and research organizations, including the Department for Transport, The Faraday Institution, Innovate UK, Advanced Propulsion Centre, Royal Academy of Engineering, and Catapult Connected Places. This financial support demonstrates the growing recognition of the potential impact of TaiSan’s sodium-ion battery technology on the future of sustainable transportation.
FAQ:
1. What is TaiSan?
TaiSan is a London-based startup that has developed revolutionary sodium-ion battery technology.
2. What is the purpose of TaiSan’s sodium-ion battery technology?
TaiSan aims to disrupt the electric vehicle (EV) industry by offering cost-effective, sustainable, and safe alternatives to traditional lithium-ion batteries.
3. What are the advantages of sodium-ion batteries over lithium-ion batteries?
Compared to lithium-ion batteries, sodium-ion batteries offer lower costs, enhanced sustainability, and improved safety.
4. What is the predicted value of the global sodium-ion battery market by 2028?
Experts predict that the global sodium-ion battery market will be valued at £1 billion by 2028.
5. How much capacity is expected for sodium-ion batteries by 2030?
The capacity of sodium-ion batteries is expected to reach 186GWh per year by 2030.
6. What is the significance of TaiSan’s sodium-ion batteries in demanding applications?
TaiSan’s sodium-ion batteries have the potential to be used in demanding applications like traction batteries or high-power batteries, expanding the scope of sodium-ion chemistry beyond stationary storage applications.
7. What materials are used in TaiSan’s sodium-ion batteries?
TaiSan’s technology is based on sustainable and abundant materials, eliminating the need for lithium, nickel, cobalt, and copper metals commonly used in lithium-ion batteries.
8. What are the key features of TaiSan’s sodium-ion batteries?
TaiSan’s sodium-ion batteries offer industry-standard ionic conductivity, fast-charging capabilities, and a high-capacity anode. They are also designed to prevent leakage and fire hazards.
9. Is TaiSan’s technology compatible with existing lithium-ion battery manufacturing facilities?
Yes, TaiSan’s technology is compatible with existing lithium-ion battery manufacturing facilities, making it a convenient “drop-in” solution for the industry.
10. What are TaiSan’s plans for the future?
TaiSan plans to use the latest funding to achieve key milestones in their partnerships and further develop their electrolyte and anode materials. They aim to revolutionize the EV industry by delivering smaller, lighter, and higher energy density batteries accompanied by significant cost savings.
Definitions:
– Sodium-ion battery: A type of battery that uses sodium ions as the charge carriers instead of lithium ions. It offers advantages such as lower costs, enhanced sustainability, and improved safety compared to lithium-ion batteries.
Related Links:
– TaiSan Batteries
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