Ingevity enters EV battery market with $60M funding in lithium-ion anode supplies producer Nexeon

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Chemical substances and supplies firm Ingevity earlier this month invested $60 million in a $170-million spherical to amass an fairness stake in Nexeon Restricted (earlier submit) in a strategic transfer to ascertain the corporate’s presence within the electrical automobile (EV) market and broaden alternatives to develop its activated carbon enterprise.

UK-based Nexeon is a desiger of silicon-based anode supplies that enhance efficiency of lithium-ion batteries for EVs and shopper electronics.

Ingevity’s funding will allow Nexeon to additional develop its proprietary next-generation silicon anode materials, NSP-2, and facilitate the development of producing services for the commercialization of Nexeon’s modern merchandise.

Nexeon is growing two forms of silicon materials answer:

  • NSP-1 is a silicon primarily based composite powder designed to be used in hybrid or low-loading anode electrodes (really helpful use as much as 10 wt.% loading). It may be used to reinforce present graphite anode electrode lively supplies and is designed to supply improved cell capability. Typical preliminary anode capability is 400 – 450 mAh/g.

  • NSP-2 is a silicon primarily based materials designed to be used in excessive loading anode electrode formulations (as much as 80 wt.%) and delivers a major enhance in anode power capability and capability density. NSP-2 mitigates enlargement by means of the usage of engineered porosity on the particle degree together with optimized anode design.

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Supply: Nexeon


Nexeon’s prospects have discovered that NSP-2 presents a step-change enchancment in lithium-ion battery efficiency whereas additionally decreasing the load of the battery. With 4 occasions the power density per gram when in comparison with typical graphite anodes, Nexeon’s drop-in expertise will ship elevated automobile vary and sooner charging of lithium-ion EVs.

In reference to its funding, Ingevity and Nexeon have dedicated to a joint improvement of future merchandise involving the usage of Ingevity’s activated carbon and intend to enter right into a long-term provide settlement between the events. Ingevity shall be represented on Nexeon’s Board of Administrators by Ingevity’s Chief Progress & Innovation Officer, Erik Ripple.

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