The domestic sodium battery industry Energy11 is preparing to make a full-scale entry into the Middle Eastern market, including Saudi Arabia, based on strategic alliances with overseas companies.
Energy 11 (CEO Sang-kyu Lee), a leader in domestic sodium-ion battery technology, announced on the 21st that it signed a business agreement (MOU) for technological cooperation and business expansion with GrapheneSun, a Saudi Arabian battery materials company.
Through this MOU, we will promote sodium ion battery technology transfer, material supply, equipment sales, etc., and carry out various cooperation in line with Saudi Arabia’s national battery industry promotion policy. The basic materials will be produced locally, but Energy 11 will provide the overall technology and materials related to batteries.
Graphene Sun is a company that researches and manufactures materials and products, and its headquarters and production facilities are located in Saudi Arabia. It is expanding its business based on the active support of the Saudi Arabian Ministry of Mineral Resources.
Energy 11 is the first sodium-ion battery company in Korea and is preparing for full-scale mass production starting in the second half of 2025. It also plans to conduct overseas demonstration projects for sodium batteries centered on the ESS market in Saudi Arabia in cooperation with Graphene Line.
Research on sodium-ion batteries is also actively being conducted in Korea. In particular, related companies and research institutes are conducting joint development centered on the large-scale national project for 'Development of a 160Wh/kg sodium-ion battery with supply chain safety' supervised by Energy 11. The goal of this project is to develop a sodium-ion battery that surpasses the performance of Chinese lithium iron phosphate (LFP) batteries.
Sodium-ion batteries are evaluated as an innovative technology that can replace lithium-ion batteries, as they are not only price competitive compared to existing commercial lithium batteries, but are also environmentally friendly and safe.
An Energy 11 official said, “Energy 11 and Graphene Sun signed an MOU to replace Chinese lithium iron phosphate (LFP) batteries in GCC countries. In particular, we expect synergy effects by establishing a cooperative relationship with key domestic players and strategic industry fostering companies in the Saudi Arabian ESS market.” He added, “Based on national project research, we plan to open up overseas markets with sodium-ion batteries that can replace lithium iron phosphate (LFP) batteries, which are currently expanding their market in the ESS market.”
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