+
Himadri invests mn for stake in Australia battery tech firm
POWER & RENEWABLE ENERGY

Himadri invests mn for stake in Australia battery tech firm

On Wednesday, Himadri Speciality Chemical announced that it has purchased a 12.79 percent ownership in Sicona Battery Technologies Pty Ltd for AUD 10.32 million.

According to Himadri, a specialty chemicals company, Sicona is a Sydney-based company with a technology used in the anodes (negative electrodes) of lithium-ion (Li-ion) batteries used for transportation and storing renewable energy.

According to Sicona, an Australian Institute for Innovative Materials (AIIM)-developed silicon- composite battery anode materials technology has been commercialised.

Comparing the technology to traditional graphite anodes, it offers a capacity increase of 50% to 100%. According to Himadri, its anode materials can produce a cell energy density that is more than 50% higher than that of conventional Li-ion batteries.

Sicona's board of directors will contain two nominated directors from Himadri.

"It gives us great pleasure to own a portion of Sicona Battery Technologies. Anurag Choudhary, chairman & managing director of Himadri Speciality Chemical, stated that Sicona's innovative research and highly efficient, scalable manufacturing method for silicon anodes fully fit our strategic goals.

On Wednesday, Himadri Speciality Chemical announced that it has purchased a 12.79 percent ownership in Sicona Battery Technologies Pty Ltd for AUD 10.32 million. According to Himadri, a specialty chemicals company, Sicona is a Sydney-based company with a technology used in the anodes (negative electrodes) of lithium-ion (Li-ion) batteries used for transportation and storing renewable energy. According to Sicona, an Australian Institute for Innovative Materials (AIIM)-developed silicon- composite battery anode materials technology has been commercialised. Comparing the technology to traditional graphite anodes, it offers a capacity increase of 50% to 100%. According to Himadri, its anode materials can produce a cell energy density that is more than 50% higher than that of conventional Li-ion batteries. Sicona's board of directors will contain two nominated directors from Himadri. It gives us great pleasure to own a portion of Sicona Battery Technologies. Anurag Choudhary, chairman & managing director of Himadri Speciality Chemical, stated that Sicona's innovative research and highly efficient, scalable manufacturing method for silicon anodes fully fit our strategic goals.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Syrma SGS Elemaster Opens High-Reliability Electronics Facility

Syrma SGS Technology and Elemaster Group have inaugurated a new high-reliability electronics manufacturing facility in Bengaluru through their joint venture, Syrma SGS Elemaster Private Limited.The facility aims to strengthen India’s advanced electronics manufacturing capabilities and support customers across domestic and global markets, particularly in sectors requiring high quality, reliability and stringent manufacturing standards.Located in the Bommasandra Industrial Area, the 20,000 sq. ft. facility is equipped with advanced Surface Mount Technology (SMT), Through-Hole Technology (THT) ..

Next Story
Real Estate

UrbanVault Expands Chennai Workspace Portfolio with 100,000 Sq. Ft.

UrbanVault has expanded into Chennai with approximately 100,000 sq. ft. of managed workspace across three properties, strengthening its presence in India’s flexible workspace market.The company’s Chennai portfolio includes Olympia Teknos and UV IPL in Guindy, and Ceebros Chambers on Velachery Main Road. The expansion marks UrbanVault’s entry into its seventh city, taking its national footprint to more than 3 million sq. ft. across 80+ centres.UrbanVault expects its annual revenue to cross Rs 350 crore in FY27, supported by expansion across major business hubs and rising demand for manage..

Next Story
Real Estate

LML Realty Launches Digital Platform for Custom Factories

LML Realty has launched ‘Your Factory’, a digital platform that enables businesses to configure, customise and order built-to-suit factories online. The platform combines plot selection, factory specifications, pricing and development into a single digital interface.Businesses can select plot sizes ranging from 500 sq. yd. to 10 acres and customise requirements such as factory size, height, structure, crane provisions and power needs. The platform provides instant quotations, allowing users to view configurations and pricing while designing their facilities.Pricing for the built-to-suit fa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code