Sicona Battery Applied sciences, an Australian battery supplies startup, has secured monetary assist from worldwide buyers to develop silicon-composite anode know-how for lithium-ion batteries, permitting it to speed up industrial plans to develop it within the US market.
From pv journal Australia
Traders led by Indian chemical conglomerate Himadri Specialty Chemical and Australian enterprise capital agency Artesian have invested AUD 22 million ($14.9 million) in Sicona Battery Applied sciences to assist the corporate’s work with battery density-boosting know-how.
The Sequence A funding spherical was led by Kolkata-based Himadri, Artesian, and Electrification & Decarbonization AIE LP, a fund managed by Canada-based Waratah Capital Advisers. New York-headquartered Riverstone Ventures, Chaos Ventures, Investible Local weather Tech Fund LP and Membership Investible additionally participated within the funding spherical.
Sicona is working to commercialize high-capacity silicon anode know-how, which has been flagged as a potential game-changer for the lithium-ion (Li-ion) batteries that dominate the electrical car and renewable power storage market.
Sicona Chief Govt Officer Christiaan Jordaan stated the corporate’s silicon-composite anode know-how delivers 50% to 100% extra capability than typical graphite anodes and its anode supplies present increased cell power density. than present Li-ion batteries.
“Sicona’s core product is a brand new silicon metal-based silicon-composite battery anode know-how that permits greater than a 50% improve in power density over present Li-ion batteries,” he stated. “Through the use of silicon metallic, and never costly, stopping the provision chain and harmful silane gasoline like our rivals, Sicona can provide low-cost silicon anode supplies on a big scale within the home automotive of the large market.”
Jordaan stated the most recent spherical of funding will allow Sicona, based mostly in Wollongong close to Sydney, to advance its objective of constructing a battery element manufacturing facility in the USA. The demand for anode supplies within the nation is predicted to exceed 1,200 GWh by 2030.
“As a result of nice curiosity in our supplies from North American automotive firms, we’re focusing our efforts on constructing Sicona’s first commercial-scale manufacturing plant within the US,” Jordann stated, noting that the assist of Himadri “permits us to speed up our mission of turning into a significant producer of cost-effective silicon composite anode supplies.
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