Altris receives financial support from Swedish Energy Agency
The Swedish sodium-ion battery developer Altris receives support from the Swedish Energy Agency within the programs Industrial Leap and NextGenerationEU. A total of SEK 77 million has been granted for the establishment of a pilot plant to produce sustainable and safe sodium-ion battery cells.
Altris is on a mission to bring the world better, safer and truly sustainable batteries. The company’s sodium-ion battery technology is made from abundant raw materials and free from conflict minerals and toxic elements, such as lithium, nickel and cobalt. This while offering an outstanding performance in terms of longer life, more flexible working temperatures and safety.
In November 2023, Altris presented a sodium-ion battery cell that has been validated for a best-in-class energy density of over 160 Wh/Kg, making it commercially viable for applications such as sustainable energy storage systems. With financial support from the Swedish Energy Agency, the company can now take the next step on its commercialisation journey. The grant will enable Altris to establish a pilot plant in Uppsala, Sweden, to develop and produce sodium-ion battery cells – with the ambition to reach giga-scale production capacity together with partners.
”Altris is proud to receive support from the Swedish Energy Agency. It is a true testimony of the potential of sodium-ion battery technology and its important role in driving the transition towards electrification and sustainable energy systems. It also enables us to keep a high pace as we work to become the primary supplier of sodium-ion batteries in Europe”, says Christer Bergquist, CFO and deputy CEO of Altris.
“To reach a climate-neutral society, we need to find solutions to increase and stabilise the clean energy supply. Sodium-ion batteries are a promising technology for stationary energy storage that has lower emissions in the production phase compared to conventional battery technologies. Additionally, the batteries can replace the need for peak load power and thereby also reduce emissions indirectly by replacing gas turbines”, Klara Helstad, Head Sustainable Industry Unit at Swedish Energy Agency.
The support from the Swedish Energy Agency is part of the Industrial Leap (Industriklivet), a program to support Swedish industry to become fossil-free, as well as NextGenerationEU, the EU’s program to support economic recovery after the Covid-19 pandemic and build a greener, more digital, and more resilient future.
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