Tiamat secures funding for sodium-ion gigafactory in France

French sodium-ion battery maker Tiamat has raised €30 million ($32.6 million) in equity and debt financing. It will use the funds to launch the construction of a 5 GWh production plant in the Hauts-de-France region.Tiamat has announced that it is ready to launch the industrialization of its sodium-ion batteries, which will involve the construction of 5 GWh production plant in northern France. The commissioning of the first phase of the manufacturing facility with an annual capacity of 700 MWh is planned for the end of 2025, with the full production potential to be reached in 2029. The facility ...

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