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Haldor Topsøe buys stake in UK-based battery technology firm

12:24 AM MST | February 7, 2014 | Deepti Ramesh

Haldor Topsøe (Lyngby, Denmark) says it has recently acquired an 18% stake in battery technology company Faradion (Sheffield, UK). Financial details of the deal were not disclosed. Topsøe, as part of the investment, will collaborate with Faradion to further co-develop and scale up key parts of the company’s sodium-ion technology. The investment also provides Topsøe the right to manufacture and sell cathode materials for sodium-ion batteries under license from Faradion. This is the first equity investment aimed at broadening...

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