Solidion Technology Inc. (NASDAQ: STI) announced on March 11, 2024, that it has received a second grant from the U.S. Department of Energy (DOE) aimed at advancing materials research for next-generation nuclear reactors. The Dallas-based company specializes in advanced battery technology. This funding will facilitate the development of a carbon nanosphere material intended as an anti-corrosive additive in molten-salt-based heat transfer fluids for advanced molten salt nuclear reactors.
Focus on Innovative Energy Materials
The DOE-backed initiative will concentrate on the creation of nanofluids-based energy materials. These engineered colloidal suspensions consist of hollow carbon nanoparticles suspended in conventional molten salts. The goal is to enhance heat transfer efficiency while simultaneously reducing corrosion within nuclear reactors. Solidion emphasizes that this technology is essential for lowering operational costs, improving safety standards, and hastening the commercialization of small modular nuclear reactors, including advanced molten salt reactor designs.
The research funded by this grant will be conducted in collaboration with the esteemed Oak Ridge National Laboratory, known for its significant contributions to material sciences and energy research.
Solidion’s latest achievement follows its recent accolade of the 2025 R&D 100 Award, which it received in partnership with Oak Ridge National Laboratory. This recognition was awarded for the company’s innovation in electrochemical graphitization in molten salts. Furthermore, Solidion has secured additional funding from the Advanced Research Projects Agency-Energy (ARPA-E) to explore the electrochemical manufacturing of high-performance graphite derived from biomass under the agency’s competitive OPEN program.
Leadership Insights and Market Response
Jaymes Winters, Chief Executive Officer of Solidion Technology, expressed optimism regarding the consecutive awards from the DOE. He stated, “Consecutive awards from the Department of Energy is proof positive that Solidion is not only innovative in energy storage, but energy processes, liquids and materials as well.” This sentiment underscores the company’s commitment to advancing technology in the energy sector.
In response to the announcement, Solidion Technology shares experienced a rise of 5.39%, reaching $6.65 during premarket trading on March 11, 2024, according to data from Benzinga Pro.
As the energy landscape continues to evolve, Solidion Technology remains at the forefront of innovation, driving forward the development of sustainable solutions in the nuclear energy sector.
