Phillips 66 (NYSE: PSX) and Faradion, one of the U.K.-based
companies behind the first demonstration of a sodium-ion powered
vehicle, have launched a technical collaboration to develop
lower-cost and higher-performing anode materials for sodium-ion
batteries.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20210225005110/en/
Phillips 66 Senior Engineer Liang Zhang
is shown testing small batteries to evaluate Phillips 66 carbon
products as sodium-ion battery anode materials. (Photo: Phillips
66)
Sodium-ion battery technology has an inherent advantage over
other power-storage technologies because it uses low-cost materials
that are sustainable and widely available. Carbon is the preferred
anode material for the batteries, and the collaboration is expected
to leverage Phillips 66’s experience developing specialty carbon
materials and Faradion’s work as a leader in sodium-ion battery
technology.
“Our world-class research team is working on various energy
production and storage technologies that could help meet the
world’s growing energy needs while advancing a lower-carbon
future,” said Ann Oglesby, Vice President, Energy Research &
Innovation at Phillips 66. “We're pleased to put some of our
resources into play with Faradion as it works to bring
game-changing technology to market using our high-performing anode
materials.”
A diversified energy manufacturing and logistics company based
in Houston, Phillips 66 has filed numerous patent applications on
battery-related technology.
Faradion’s technology provides similar performance to
conventional chemistries while avoiding use of expensive materials
such as cobalt and replacing lithium with the more sustainable and
abundant sodium while giving better safety and thermal
stability.
“This agreement brings together Phillips 66’s strengths in
hard-carbon anode material and Faradion’s sodium-ion technology for
a high-performance, sustainable next-generation energy storage
technology,” said James Quinn, CEO of Faradion. “Our aim is to
further accelerate large-scale industrialization of Faradion’s
safe, low-cost sodium-ion energy technology. We are looking forward
to Phillips 66 supporting Faradion’s growth in the rapidly
expanding battery market and to jointly contribute to the
transformation of the global energy market.”
In 2015, Faradion demonstrated the world’s first sodium-ion
battery powered vehicle when it launched an e-bike battery
demonstrator in collaboration with Williams Advanced Engineering
and Oxford University. The company’s comprehensive intellectual
property portfolio comprises multiple patent families focusing on
cell materials, cell infrastructure, pack design, safety and
transportation.
About Phillips 66
Phillips 66 is a diversified energy manufacturing and logistics
company. With a portfolio of Midstream, Chemicals, Refining, and
Marketing and Specialties businesses, the company processes,
transports, stores and markets fuels and products globally.
Phillips 66 Partners, the company’s master limited partnership, is
integral to the portfolio. Headquartered in Houston, the company
has 14,300 employees committed to safety and operating excellence.
Phillips 66 had $55 billion of assets as of Dec. 31, 2020. For more
information, visit www.phillips66.com or follow us on Twitter
@Phillips66Co.
About Faradion
Faradion is the world leader in sodium-ion battery technology
that provides low cost, high performance, safe and sustainable
energy. Its proprietary technology delivers leading-edge, cost
effective solutions for a broad range of applications, including
mobility, energy storage, back-up power and energy in remote
locations. Faradion’s patented zero-volt capability enables the
safe transportation and maintenance of sodium-ion batteries. The
wide operating temperature range, high energy density and fast
charge/discharge capability combine to offer a next generation,
drop-in solution. Its sodium-ion batteries contain no cobalt, no
lithium and no copper, resulting in a safe and sustainable,
cost-effective, high performance technology. For more information,
visit www.faradion.co.uk or follow us on Twitter @faradion_uk.
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FORWARD-LOOKING STATEMENTS
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or events to differ materially from those described in the
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version on businesswire.com: https://www.businesswire.com/news/home/20210225005110/en/
For Phillips 66: Bernardo Fallas 855-841-2368 (media)
bernardo.e.fallas@p66.com
For Faradion Ltd.: James A. Quinn Tel: +44 114 224 2421
Mobile: +49 174 6069 007 james.quinn@faradion.co.uk
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