California company planning $1.4B plant in Edgecombe County ceases operations

California company planning $1.4B plant in Edgecombe County ceases operations

(The Center Square) – Natron Energy, a California company planning a $1.4 billion plant in rural North Carolina, says on its company website operations ceased Wednesday. Published reports in late July said the Santa Clara-headquartered company needed cash. To get…

Natron Energy Shuts Down, Abandons $1.4B NC Battery Factory Plans

In a stunning reversal for the clean-energy sector, Natron Energy Inc., a pioneer in sodium-ion battery technology, has abruptly ceased operations, scrapping ambitious plans for a $1.4 billion factory in North Carolina that promised over 1,000 jobs. The California-based company cited insurmountable financial pressures, including failed attempts to secure investor funding and generate sufficient sales, leading to the closure of its facilities in …

America's First Sodium-Ion Battery Manufacturer Ceases Operations

Grady Martin writes: Natron Energy has announced the immediate cessation of all operations, including its manufacturing plant in Holland, Michigan, and plans to build a $1.4 billion "gigafactory" in North Carolina. A company representative cited "efforts to raise sufficient new funding [being] unsuccessful" as the rationale for the decision. When previously covered by Slashdot, comments on the merits of sodium-ion included the ability to use alu…