Solar Auctions Surge by 229% in Q1 2024, Tender Activity Up 122%

Global Wind Installations Reached 1 TW Milestone in 2023

Funding and M&A Roundup: Nexamp Secures $520 Million

Project Finance Brief: Arevon Secures $352 Million for Posey Solar Project

Indian Oil Issues Empanelment Tender for Solar Power Projects

Southern Railway Seeks Bids for 1.2 MW Rooftop Solar Projects in Chennai

Husk Secures $4 Million from Electrifi to Scale up Mini Grids in Rural India

Doubling Transmission Capacity of Existing Grid Through Reconductoring: Report

Daily News Wrap-Up: BJP, Congress Bet Big on Renewables in Election Manifestos

As ISTS Waiver Nears End, Developers Need Extension Amid Lack of Substations


					<table id="amazon-polly-audio-table">
						<tr>
						<td id="amazon-polly-audio-tab">
							<div id="amazon-ai-player-label">Listen to this article</div>
							<div id="amazon-ai-player-container">
			<audio class="amazon-ai-player" id="amazon-ai-player" preload="none" controls   controlsList="nodownload" >
				<source type="audio/mpeg" src="https://cms.mercomindia.com/wp-content/uploads/2023/06/amazon_polly_54790.mp3?version=1685600613">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table><p>India-based specialty chemical company <a href="https://www.himadri.com/" target="_blank" rel="noopener">Himadri</a> has announced an investment of AU$10.32 million (~$7 million) in Australian startup <a href="https://siconabattery.com/" target="_blank" rel="noopener">Sicona Battery Technologies</a> to produce high-quality anode materials.</p>
<p>The investment aims to accelerate product and technology development for Sicona while expediting the commercial deployment of the lithium-ion battery.</p>
<p>The company Himadri will also use the investment to further the company’s explorations in innovative technologies in the battery material segment.</p>
<p>Himadri is involved in the production of anode materials for lithium-ion batteries in India. The company develops raw materials for the li-ion battery value chain.</p>
<p>It has eight zero-liquid discharge manufacturing units and utilizes in-house green power to meet over 90% of its energy needs.</p>
<p>Based in Sydney, Sicona specializes in high-capacity silicon anode technology for lithium-ion batteries and has developed next-generation materials used in the anodes of these batteries that enable electric mobility and storage of renewable energy.</p>
<p>The company claims its anode materials can deliver over 50% higher cell energy density than the largely used lithium-ion batteries.</p>
<p>Australia <a href="https://www.mercomindia.com/australia-can-rival-china-for-renewables-sector" target="_blank" rel="noopener">houses</a> abundant minerals critical to renewable energy technologies and is the leading producer of unprocessed lithium. The country produces 79% of the world’s hard rock lithium, with its mineral exports projected to reach $16 billion in 2023.</p>
<p>Chairman and Managing Director of Himadri Speciality Chemical Anurag Choudhary said, “Sicona’s ground-breaking research and cost-effective &amp; highly scalable approach to silicon anode manufacturing perfectly complements our strategic objectives.”</p>
<p>Sicona’s Founder and CEO, Christiaan Jordaan, commented, “Our silicon metal-based technology provides our customers the confidence that we can deliver a silicon-carbon anode material at a capital intensity and $/kg price which is feasible for mass-automotive market adoption. Himadri has a multi-decade track record of manufacturing materials at scale, and their expertise and inputs will be a major asset to us in the next phases of our growth plans. Himadri’s current strength in synthetic anode materials has strong synergies with our silicon anode technology.”</p>
<p>Earlier this year, the Australian government set a <a href="https://www.mercomindia.com/australia-new-vehicle-sales-ev-2035" target="_blank" rel="noopener">target</a> to increase the share of electric vehicles in new light vehicle sales to 30% by 2030 and 100% by 2035 to transition to a decarbonized transport system.</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/gourav-mishra/" class="vcard author" rel="author"><span class="fn">Gourav Mishra</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><div class="designboxt">
<p><img class="alignleft" style="border-radius: 50%;height: 50px;margin-top: -4px;border: 1px solid #00b451" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/WhatsApp-Image-2022-04-06-at-6.37.25-PM-1-1.jpeg" width="50" /></p>
<p><strong style="text-decoration: underline">Gourav,</strong> Staff reporter at Mercom India<br />
<a href="https://mercomindia.com/author/gourav-mishra/" target="_blank" rel="noopener">More articles from Gourav.</a></p>
</div>
<div class="authorboxn"><img class="alignleft" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/04/WhatsApp-Image-2022-04-06-at-6.37.25-PM-1-1.jpeg" width="89" height="102" /><a href="https://mercomindia.com/author/gourav-mishra/" target="_blank" rel="noopener">Gourav</a> is a staff reporter with Mercom India with over six years of experience in various roles with NewsX, The New Indian Express, IBTimes India, and U.S., Republic, and Analytics India Magazine. Gourav has a Master&#8217;s in journalism from Jain University, Bengaluru. <a href="https://mercomindia.com/author/gourav-mishra/" target="_blank" rel="noopener">More articles from Gourav Mishra</a></div>
</div></div><div class="clearfix"></div></div></div>

Chemical Firm Himadri Invests $7 Million in Australian Battery Startup Sicona

himadri-chemicals

Get the most relevant India solar and clean energy news.

RECENT POSTS