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Materials

Wacker Invests In Battery Company

by Michael McCoy
March 4, 2013 | A version of this story appeared in Volume 91, Issue 9

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Credit: Nexeon
A prototype preparation facility at Nexeon’s pilot plant.
A person in PPE works on a wild-looking apparatus featuring a large black plastic U with yellow joints.
Credit: Nexeon
A prototype preparation facility at Nexeon’s pilot plant.

Silicon manufacturer Wacker Chemie has invested an undisclosed sum in Nexeon, a British battery materials company that is developing silicon materials to replace carbon as the anode of lithium-ion batteries. Nexeon says its technology yields rechargeable batteries with higher charge density. The company operates a pilot plant in Oxfordshire, England. Last year it raised more than $50 million from investors to build a 250-metric-ton-per-year facility for its silicon anode material.

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