News Summary

Sodium-ion battery startup Natron has ceased operations, ending a 12-year effort to commercialize its technology in the U.S. Despite having $25 million in orders for its Michigan factory, the company could not proceed without UL certification, leading to a cash crunch. Investors were hesitant to provide more funding, resulting in the liquidation of the company by its primary shareholder, Sherwood Partners. This closure underscores the difficulties in establishing battery manufacturing operations outside of Asia, which has established supply chains and expertise. Natron’s experience is part of a broader trend, as other companies like Oregon-based Powin and Swedish manufacturer Northvolt have faced similar challenges. The situation highlights the need for consistent industrial policies and sustained government support to establish domestic battery manufacturing in the West.