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Industry Value Chain

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Battery Report 2025, page 48: Industry Value Chain

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Organizations mentioned or cited on this 2025 report page. A historical mention does not establish current products, availability or endorsement.

Sources and links on page 48 (4)
Text on page 48

Natron Energy Founded in 2012, Natron Energy commercialized a sodium-ion battery, based on Prussian Blue analogue chemistry, for data center uninterruptible power supply (UPS) applications. Citing insufficient funding, Natron permanently shuttered its operations in September 2025, including its R&D facility in California, pilot plant in Michigan, and Gigafactory plans in North Carolina. Natron’s assets have since been liquidated via ABC. Observations on Natron's Approach:

Natron pursued full vertical integration, from controlling design and process from anode/cathode synthesis up to BlueRack system engineering which proved technically and financially challenging.

Key Product Features:

185 W/L 2-minute power density at system-level

Cell-level safety (UL9540A testing verified no thermal runaway)

1C cycle life of >50,000 cycles and a high-power service life of >5 years

Funding: Natron received ~$370M in total funding from investors including DOE ARPA-E, Chevron Energy Ventures, Intel Capital, Khosla Ventures, Mercuria, ND Capital, and United Airlines.

Source: Natron Energy, BlueRack 250, Tracxn, BatteryTechOnline

Extracted from the PDF; charts and images may read imperfectly.

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