Sunrise New Energy Secures $960K Grant for Sodium-Ion Battery Project

Sunrise New Energy has received official approval and approximately $960,000 in funding from the Guizhou Provincial Department of Science and Technology for its project on long-life, low-cost sodium-ion battery hard carbon anode materials. This initiative aims to address key challenges in the commercialization of sodium-ion batteries, which are valued for their cost-effectiveness and superior low-temperature performance, making them suitable for large-scale energy storage and electric vehicles in colder regions. Sunrise's proprietary hard carbon anode technology boasts an initial Coulombic efficiency of at least 90% and a capacity retention rate of over 85% after 1,000 cycles, benchmarks expected to overcome current industry bottlenecks. The grant is the only one awarded for anode material research in Guizhou Province, highlighting Sunrise’s leadership in technological innovation within the sodium-ion battery sector. CEO Haiping Hu emphasized the company’s position at the forefront of both lithium-ion and sodium-ion battery materials. Despite these advancements, Sunrise continues to face notable financial challenges.