Johnson Matthey acquires lithium-sulfur battery Company
Johnson Matthey, a global leader in sustainable technologies, today announced its acquisition of the assets and intellectual property of Oxis Energy Limited, based near Oxford, UK.
Oxis Energy was a lithium-sulfur battery developer with assets which can be adapted for the manufacture of components for green hydrogen production. The company entered administration on 19 May 2021.
With moderate additional investment in upgrades, this transaction will significantly accelerate the scale-up of JM’s growing green hydrogen business. The facility will further expand JM’s ability to develop, test, and manufacture catalyst coated membranes and advanced materials for electrolysers, as this market continues to develop very rapidly and in response to positive progress with customers. The site will enable the production of tens of thousands of catalyst coated membrane parts per year – enough to equip hundreds of megawatts of electrolyser capacity.
Robert MacLeod, Chief Executive, stated: “We are delighted to secure this acquisition. The capability this opportunity delivers will enable our green hydrogen business to accelerate the scale-up of CCM production in line with market demand. The purchase of these assets further demonstrates our commitment to developing a low carbon economy and progressing towards net-zero.”
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