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.

Next Story
Infrastructure Transport

Seaplane project in Kerala set for revival with demo operations

Kerala’s long-delayed seaplane project is likely to be revived, with demonstration operations scheduled next month under the Centre's regional connectivity scheme, UDAN. This initiative aims to enhance connectivity along India's coastal areas. A high-level reconnaissance was conducted on October 3 to assess potential sites, involving representatives from De Havilland Canada, Cochin Port Trust, and the Indian Navy. Three locations near Vembanad Lake were evaluated, with stakeholders narrowing down a water strip parallel to Marine Drive in Kochi as the preferred site. The assessment consider..

Next Story
Infrastructure Urban

Fadnavis lays foundation for Rs 1.5 billion infrastructure projects

Maharashtra Deputy Chief Minister Devendra Fadnavis laid the foundation stone for key infrastructure projects in the Hudkeshwar-Narsala region, marking the beginning of a sewage line, sewage treatment plant, and road development initiative worth Rs 1.5 billion. Speaking at the event, Fadnavis highlighted the region’s rapid urban expansion, noting the need for new infrastructure to meet rising demands. "In the last decade, the Nagpur metropolis and the adjacent Hudkeshwar-Narsala area have witnessed significant growth. Infrastructure such as roads and drinking water facilities had to be deve..

Next Story
Infrastructure Transport

Bengaluru Airport City unveils 2 million sq. ft. business park

Bengaluru Airport City Limited (BACL), a subsidiary of Bangalore International Airport Limited (BIAL), has announced the launch of a 2 million square foot business park, aimed at positioning Bengaluru as a global hub for Global Capability Centers (GCCs). According to a press release, the new business park will span 17.7 acres and feature four blocks, each offering 0.5 million square feet of space. Nestled within an urban forest, the park is designed to foster a vibrant business community with advanced infrastructure, premium amenities, and ample networking opportunities. Rao Munukutla, Execu..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000