Epsilon Group, India’s premier battery materials manufacturer, announced it has signed an agreement to acquire Johnson Matthey’s lithium-ion phosphate (LFP) cathode active material technology centre in Moosburg, Germany. Financial details of the acquisition remain undisclosed.
The state-of-the-art facility boasts best-in-class technical capabilities and a workforce with expertise in LFP chemistry, comprehensive product and process development capabilities, and a versatile customer qualification plant designed to verify new materials for large-scale production.
The acquisition allows Epsilon to go to market with a proven high performance cathode active material produced at scale.
“At Epsilon, we envision a world galvanized by sustainable energy alternatives,” said Vikram Handa, managing director of Epsilon Group. “Our advancement in anode research and manufacturing was a first step, and this acquisition underscores our commitment to serving our global clientele with sustainable and reliable material.”
The Moosburg research and development (R&D) center’s strategic location offers Epsilon a unique advantage to tap into the European battery material’s talent pool and to cater to its global clientele. By leveraging the existing infrastructure and capabilities of the Moosburg facility, Epsilon aims to significantly reduce the technology development and scale-up timeframe. This acquisition serves as a catalyst for Epsilon’s ambitious plans to eventually cater to 100 GwH of demands. In alignment with its vision, Epsilon has previously announced a $1.1 billion investment in the establishment of a 100,000-ton cathode battery materials manufacturing facility in Bellari, Karnataka, India, with subsequent expansions in Europe. Epsilon also has plans for a $650 million manufacturing facility in the U.S., according to the statement.
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