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Northvolt in new sodium-ion battery breakthrough

Swedish start-up has developed an energy storage technology with no critical minerals including lithium which could minimise reliance on China
Sodium-ion batteries are seen as a cheaper and safer alternative to the lithium-based batteries widely used for energy storage as they work better at both very high and low temperatures

Northvolt has made a breakthrough in a new battery technology used for energy storage that the Swedish industrial start-up claims could minimise dependence on China for the green transition.

The Swedish group, backed by Volkswagen, BlackRock and Goldman Sachs, has developed a sodium-ion battery that has no lithium, cobalt or nickel — critical metals that manufacturers have scrambled to obtain, leading to volatility in prices.

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