{"id":14937,"date":"2024-01-15T16:18:26","date_gmt":"2024-01-15T16:18:26","guid":{"rendered":"https:\/\/www.esgtoday.com\/?p=14937"},"modified":"2024-01-15T16:18:28","modified_gmt":"2024-01-15T16:18:28","slug":"energy-storage-startup-tiamat-raises-e22-million-for-lithium-free-battery-tech-backed-by-stellantis-arkema-mbda","status":"publish","type":"post","link":"https:\/\/www.esgtoday.com\/energy-storage-startup-tiamat-raises-e22-million-for-lithium-free-battery-tech-backed-by-stellantis-arkema-mbda\/","title":{"rendered":"Energy Storage Startup Tiamat Raises \u20ac22 Million for Lithium-free Battery Tech, Backed by Stellantis, Arkema, MBDA"},"content":{"rendered":"<!--themify_builder_content-->\n<div id=\"themify_builder_content-14937\" data-postid=\"14937\" class=\"themify_builder_content themify_builder_content-14937 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->\n\n\n<p>Battery technology startup Tiamat announced that it has raised \u20ac22 million, with proceeds aimed at developing and commercializing its lithium-free sodium-ion battery technology.<\/p>\n\n\n\n<p>Established as a spin-off from France\u2019s Centre National de la Recherche Scientifique (CNRS) in 2017, Tiamat designs, develops and produces solutions for energy storage applications. The company\u2019s sodium-ion technology offers strong properties for power applications, including fast charging, durability, high power density and safety, as well as low cost per kilowatt-hour. The technology, based on abundantly available sodium, is also free of lithium and cobalt, helping to address key sustainability and supply chain constraint challenges facing the battery sector.<\/p>\n\n\n\n<p>The funding round added several new strategic investors, including automotive giant Stellantis, through its corporate venture fund Stellantis Ventures, materials science company Arkema, and defense equipment company MBDA.<\/p>\n\n\n\n<p>Ned Curic, Stellantis Chief Engineering and Technology Officer, said:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\">\n<p>\u201cExploring new options for more sustainable and affordable batteries that use widely available raw materials is a key part of our ambitions of the Dare Forward 2030 strategic plan that will see us reach carbon net zero by 2038. Our customers are asking for emissions-free vehicles that offer a combination of robust driving range, performance and affordability. This is our North Star, as Stellantis and its partners work today to develop ground-breaking technologies for the future.\u201d<\/p>\n<\/blockquote>\n\n\n\n<p>Alongside support from the French government and the EU, proceeds from the financing round will be used by the company for a new 5 GWh sodium-ion battery cell Giga-factory in France, initially focused on power tools and stationary storage applications, and targeting scaling up production of second-generation products for battery electric vehicle (BEV) applications. Operational capacity at the plant could reach 0.7 GWh by the end of 2025, according to Arkema.<\/p>\n\n\n\n<p>Armand Ajdari, Chief Technology Officer at Arkema, said:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\">\n<p>&#8220;Our portfolio of advanced materials enables us to provide solutions for all our customers&#8217; battery technologies. The sodium-ion technology developed by Tiamat is very interesting, as it will enable to do away with the dependence to lithium and several strategic metals. This operation enriches our ecosystem, and is perfectly in line with Arkema&#8217;s strategy: innovative materials for a sustainable world.\u201d<\/p>\n<\/blockquote><span class=\"et_bloom_bottom_trigger\"><\/span>","protected":false},"excerpt":{"rendered":"<p>Battery technology startup Tiamat announced that it has raised \u20ac22 million, with proceeds aimed at developing and commercializing its lithium-free sodium-ion battery technology. Established as a spin-off from France\u2019s Centre National de la Recherche Scientifique (CNRS) in 2017, Tiamat designs, develops and produces solutions for energy storage applications. The company\u2019s sodium-ion technology offers strong properties [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":14938,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[36,4],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Energy Storage Startup Tiamat Raises \u20ac22 Million for Lithium-free Battery Tech, Backed by Stellantis, Arkema, MBDA - ESG Today<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.esgtoday.com\/energy-storage-startup-tiamat-raises-e22-million-for-lithium-free-battery-tech-backed-by-stellantis-arkema-mbda\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Energy Storage Startup Tiamat Raises \u20ac22 Million for Lithium-free Battery Tech, Backed by Stellantis, Arkema, MBDA - ESG Today\" \/>\n<meta property=\"og:description\" content=\"Battery technology startup Tiamat announced that it has raised \u20ac22 million, with proceeds aimed at developing and commercializing its lithium-free sodium-ion battery technology. Established as a spin-off from France\u2019s Centre National de la Recherche Scientifique (CNRS) in 2017, Tiamat designs, develops and produces solutions for energy storage applications. The company\u2019s sodium-ion technology offers strong properties [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.esgtoday.com\/energy-storage-startup-tiamat-raises-e22-million-for-lithium-free-battery-tech-backed-by-stellantis-arkema-mbda\/\" \/>\n<meta property=\"og:site_name\" content=\"ESG Today\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ESGToday\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-15T16:18:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-15T16:18:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.esgtoday.com\/wp-content\/uploads\/2024\/01\/Tiamat.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1080\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mark Segal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@EsgToday\" \/>\n<meta name=\"twitter:site\" content=\"@EsgToday\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark Segal\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.esgtoday.com\/energy-storage-startup-tiamat-raises-e22-million-for-lithium-free-battery-tech-backed-by-stellantis-arkema-mbda\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.esgtoday.com\/energy-storage-startup-tiamat-raises-e22-million-for-lithium-free-battery-tech-backed-by-stellantis-arkema-mbda\/\"},\"author\":{\"name\":\"Mark Segal\",\"@id\":\"https:\/\/www.esgtoday.com\/#\/schema\/person\/cca7a2b05e3a06d096e5740fb1433a01\"},\"headline\":\"Energy Storage Startup Tiamat Raises \u20ac22 Million for Lithium-free Battery Tech, Backed by Stellantis, Arkema, MBDA\",\"datePublished\":\"2024-01-15T16:18:26+00:00\",\"dateModified\":\"2024-01-15T16:18:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.esgtoday.com\/energy-storage-startup-tiamat-raises-e22-million-for-lithium-free-battery-tech-backed-by-stellantis-arkema-mbda\/\"},\"wordCount\":364,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.esgtoday.com\/#organization\"},\"articleSection\":[\"Energy Transition\",\"Private Equity &amp; Venture Capital\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.esgtoday.com\/energy-storage-startup-tiamat-raises-e22-million-for-lithium-free-battery-tech-backed-by-stellantis-arkema-mbda\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.esgtoday.com\/energy-storage-startup-tiamat-raises-e22-million-for-lithium-free-battery-tech-backed-by-stellantis-arkema-mbda\/\",\"url\":\"https:\/\/www.esgtoday.com\/energy-storage-startup-tiamat-raises-e22-million-for-lithium-free-battery-tech-backed-by-stellantis-arkema-mbda\/\",\"name\":\"Energy Storage Startup Tiamat Raises \u20ac22 Million for Lithium-free Battery Tech, Backed by Stellantis, Arkema, MBDA - ESG Today\",\"isPartOf\":{\"@id\":\"https:\/\/www.esgtoday.com\/#website\"},\"datePublished\":\"2024-01-15T16:18:26+00:00\",\"dateModified\":\"2024-01-15T16:18:28+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.esgtoday.com\/energy-storage-startup-tiamat-raises-e22-million-for-lithium-free-battery-tech-backed-by-stellantis-arkema-mbda\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.esgtoday.com\/energy-storage-startup-tiamat-raises-e22-million-for-lithium-free-battery-tech-backed-by-stellantis-arkema-mbda\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.esgtoday.com\/energy-storage-startup-tiamat-raises-e22-million-for-lithium-free-battery-tech-backed-by-stellantis-arkema-mbda\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.esgtoday.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Energy Storage Startup Tiamat Raises \u20ac22 Million for Lithium-free Battery Tech, Backed by Stellantis, Arkema, MBDA\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.esgtoday.com\/#website\",\"url\":\"https:\/\/www.esgtoday.com\/\",\"name\":\"ESG Today\",\"description\":\"ESG investing news, analysis, research and information\",\"publisher\":{\"@id\":\"https:\/\/www.esgtoday.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.esgtoday.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.esgtoday.com\/#organization\",\"name\":\"ESG Today\",\"url\":\"https:\/\/www.esgtoday.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.esgtoday.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.esgtoday.com\/wp-content\/uploads\/2023\/05\/ESG-Today-Logo.png\",\"contentUrl\":\"https:\/\/www.esgtoday.com\/wp-content\/uploads\/2023\/05\/ESG-Today-Logo.png\",\"width\":618,\"height\":350,\"caption\":\"ESG Today\"},\"image\":{\"@id\":\"https:\/\/www.esgtoday.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/ESGToday\/\",\"https:\/\/twitter.com\/EsgToday\",\"https:\/\/www.linkedin.com\/company\/esg-today\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.esgtoday.com\/#\/schema\/person\/cca7a2b05e3a06d096e5740fb1433a01\",\"name\":\"Mark Segal\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.esgtoday.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/68fbfd7923e36d210feb00a7621096af?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/68fbfd7923e36d210feb00a7621096af?s=96&d=mm&r=g\",\"caption\":\"Mark Segal\"},\"description\":\"Mark founded ESG Today following a 20 year career in investment management and research. Prior to founding ESG Today, Mark worked at Delaney Capital Management (DCM) in Toronto, Canada, most recently as the firm\u2019s head of U.S. equities. While at DCM, Mark was part of the firm\u2019s ESG team, responsible for evaluating and tracking the sustainability factors impacting portfolio companies, and assessing the suitability of companies for portfolio inclusion. Mark also spent several years in the sell-side research industry, covering the technology and services sectors. Mark holds an MBA from Columbia University in New York, a BBA from the Schulich School of Business at York University in Toronto, and is a CFA charterholder.\",\"url\":\"https:\/\/www.esgtoday.com\/author\/mo-segal9\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Energy Storage Startup Tiamat Raises \u20ac22 Million for Lithium-free Battery Tech, Backed by Stellantis, Arkema, MBDA - ESG Today","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.esgtoday.com\/energy-storage-startup-tiamat-raises-e22-million-for-lithium-free-battery-tech-backed-by-stellantis-arkema-mbda\/","og_locale":"en_US","og_type":"article","og_title":"Energy Storage Startup Tiamat Raises \u20ac22 Million for Lithium-free Battery Tech, Backed by Stellantis, Arkema, MBDA - ESG Today","og_description":"Battery technology startup Tiamat announced that it has raised \u20ac22 million, with proceeds aimed at developing and commercializing its lithium-free sodium-ion battery technology. Established as a spin-off from France\u2019s Centre National de la Recherche Scientifique (CNRS) in 2017, Tiamat designs, develops and produces solutions for energy storage applications. The company\u2019s sodium-ion technology offers strong properties [&hellip;]","og_url":"https:\/\/www.esgtoday.com\/energy-storage-startup-tiamat-raises-e22-million-for-lithium-free-battery-tech-backed-by-stellantis-arkema-mbda\/","og_site_name":"ESG Today","article_publisher":"https:\/\/www.facebook.com\/ESGToday\/","article_published_time":"2024-01-15T16:18:26+00:00","article_modified_time":"2024-01-15T16:18:28+00:00","og_image":[{"width":1080,"height":640,"url":"https:\/\/www.esgtoday.com\/wp-content\/uploads\/2024\/01\/Tiamat.jpg","type":"image\/jpeg"}],"author":"Mark Segal","twitter_card":"summary_large_image","twitter_creator":"@EsgToday","twitter_site":"@EsgToday","twitter_misc":{"Written by":"Mark Segal","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.esgtoday.com\/energy-storage-startup-tiamat-raises-e22-million-for-lithium-free-battery-tech-backed-by-stellantis-arkema-mbda\/#article","isPartOf":{"@id":"https:\/\/www.esgtoday.com\/energy-storage-startup-tiamat-raises-e22-million-for-lithium-free-battery-tech-backed-by-stellantis-arkema-mbda\/"},"author":{"name":"Mark Segal","@id":"https:\/\/www.esgtoday.com\/#\/schema\/person\/cca7a2b05e3a06d096e5740fb1433a01"},"headline":"Energy Storage Startup Tiamat Raises \u20ac22 Million for Lithium-free Battery Tech, Backed by Stellantis, Arkema, MBDA","datePublished":"2024-01-15T16:18:26+00:00","dateModified":"2024-01-15T16:18:28+00:00","mainEntityOfPage":{"@id":"https:\/\/www.esgtoday.com\/energy-storage-startup-tiamat-raises-e22-million-for-lithium-free-battery-tech-backed-by-stellantis-arkema-mbda\/"},"wordCount":364,"commentCount":0,"publisher":{"@id":"https:\/\/www.esgtoday.com\/#organization"},"articleSection":["Energy Transition","Private Equity &amp; Venture Capital"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.esgtoday.com\/energy-storage-startup-tiamat-raises-e22-million-for-lithium-free-battery-tech-backed-by-stellantis-arkema-mbda\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.esgtoday.com\/energy-storage-startup-tiamat-raises-e22-million-for-lithium-free-battery-tech-backed-by-stellantis-arkema-mbda\/","url":"https:\/\/www.esgtoday.com\/energy-storage-startup-tiamat-raises-e22-million-for-lithium-free-battery-tech-backed-by-stellantis-arkema-mbda\/","name":"Energy Storage Startup Tiamat Raises \u20ac22 Million for Lithium-free Battery Tech, Backed by Stellantis, Arkema, MBDA - ESG Today","isPartOf":{"@id":"https:\/\/www.esgtoday.com\/#website"},"datePublished":"2024-01-15T16:18:26+00:00","dateModified":"2024-01-15T16:18:28+00:00","breadcrumb":{"@id":"https:\/\/www.esgtoday.com\/energy-storage-startup-tiamat-raises-e22-million-for-lithium-free-battery-tech-backed-by-stellantis-arkema-mbda\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.esgtoday.com\/energy-storage-startup-tiamat-raises-e22-million-for-lithium-free-battery-tech-backed-by-stellantis-arkema-mbda\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.esgtoday.com\/energy-storage-startup-tiamat-raises-e22-million-for-lithium-free-battery-tech-backed-by-stellantis-arkema-mbda\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.esgtoday.com\/"},{"@type":"ListItem","position":2,"name":"Energy Storage Startup Tiamat Raises \u20ac22 Million for Lithium-free Battery Tech, Backed by Stellantis, Arkema, MBDA"}]},{"@type":"WebSite","@id":"https:\/\/www.esgtoday.com\/#website","url":"https:\/\/www.esgtoday.com\/","name":"ESG Today","description":"ESG investing news, analysis, research and information","publisher":{"@id":"https:\/\/www.esgtoday.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.esgtoday.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.esgtoday.com\/#organization","name":"ESG Today","url":"https:\/\/www.esgtoday.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.esgtoday.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.esgtoday.com\/wp-content\/uploads\/2023\/05\/ESG-Today-Logo.png","contentUrl":"https:\/\/www.esgtoday.com\/wp-content\/uploads\/2023\/05\/ESG-Today-Logo.png","width":618,"height":350,"caption":"ESG Today"},"image":{"@id":"https:\/\/www.esgtoday.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ESGToday\/","https:\/\/twitter.com\/EsgToday","https:\/\/www.linkedin.com\/company\/esg-today\/"]},{"@type":"Person","@id":"https:\/\/www.esgtoday.com\/#\/schema\/person\/cca7a2b05e3a06d096e5740fb1433a01","name":"Mark Segal","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.esgtoday.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/68fbfd7923e36d210feb00a7621096af?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/68fbfd7923e36d210feb00a7621096af?s=96&d=mm&r=g","caption":"Mark Segal"},"description":"Mark founded ESG Today following a 20 year career in investment management and research. Prior to founding ESG Today, Mark worked at Delaney Capital Management (DCM) in Toronto, Canada, most recently as the firm\u2019s head of U.S. equities. While at DCM, Mark was part of the firm\u2019s ESG team, responsible for evaluating and tracking the sustainability factors impacting portfolio companies, and assessing the suitability of companies for portfolio inclusion. Mark also spent several years in the sell-side research industry, covering the technology and services sectors. Mark holds an MBA from Columbia University in New York, a BBA from the Schulich School of Business at York University in Toronto, and is a CFA charterholder.","url":"https:\/\/www.esgtoday.com\/author\/mo-segal9\/"}]}},"builder_content":"","_links":{"self":[{"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/posts\/14937"}],"collection":[{"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/comments?post=14937"}],"version-history":[{"count":0,"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/posts\/14937\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/media\/14938"}],"wp:attachment":[{"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/media?parent=14937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/categories?post=14937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.esgtoday.com\/wp-json\/wp\/v2\/tags?post=14937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}