This development will help to position Nexeon to deliver on its commitment to supply high-performance, cost-effective silicon anode material at commercial volumes starting in 2025.
Nexeon's silicon anode materials significantly increase the energy density of lithium-ion batteries, a key factor in extending the range, and improve charging performance of electric vehicles. The company's second-generation "drop-in" technology allows battery manufacturers to integrate higher silicon content into their existing production processes without requiring additional capital expenditure.
"Breaking ground on our first commercial production facility is the culmination of many years of dedication and technical accomplishments by the Nexeon team. It marks a key moment in our growth and reflects the commercial interest customers have shown in our technology," said Scott Brown, CEO of Nexeon. "By beginning construction on our first commercial production site, we are on track to deliver the game-changing benefits of silicon anode materials to the global battery market."
The exclusive partnership with OCI, one of the world's largest manufacturers of silane outside of China, provides a secure and cost-effective supply of a key material for Nexeon. The dedicated pipeline for silane delivery streamlines production and minimises transportation costs – while aligning with Nexeon’s sustainability mission.
In addition, OCI has the capability to scale production alongside Nexeon, ensuring a reliable supply of raw materials far into the future to meet growing market demands.
Commenting Yoo-Shin Kim, President (CEO) of OCI said, "This collaboration leverages the strengths of both companies, combining OCI's expertise in advanced materials with Nexeon's leading silicon anode technology. Together, we will deliver high-quality, cost-competitive solutions that accelerate the future of battery technology.".
OCI will produce silane by using by-products from an existing manufacturing process used for semiconductor materials, further compounding cost-competitiveness.
