Latest news with #FOAK
Yahoo
27-05-2025
- Business
- Yahoo
Type One Energy Completes Formal Initial Design Review of Fusion Power Plant
KNOXVILLE, Tenn., May 27, 2025--(BUSINESS WIRE)--Type One Energy announced today that it had successfully completed the first formal design review of Infinity Two, which is based on the world's only implementable, peer-reviewed physics basis for a fusion power plant recently published by the prestigious Journal of Plasma Physics. The Infinity Two design is progressing in support of a potential fusion power plant project with the Tennessee Valley Authority (TVA), using Type One Energy stellarator technology. The Infinity Two design review board, which was chaired by Type One Energy Chief Technology Officer, Dr. Thomas Sunn Pedersen, included several outside experts, including Dr. George H. "Hutch" Neilson from the Princeton Plasma Physics Laboratory and Dr. Paolo Ferroni from the Westinghouse Electric Company, to provide independent assessments of the engineering work performed by Type One Energy. "It is the first serious fusion power plant design that I've seen," said Dr. Neilson. "The work they've done to date provides a sound foundation for continued design development of what could be the first system to produce net electricity from fusion." Dr. Ferroni, the Chief Engineer for Advanced Reactors – GenIV/Fusion at Westinghouse Electric Company, added "I think it is important that the Type One Energy team is taking a comprehensive plant-level approach to develop their technology which includes a description of all necessary systems, not just the plasma core." Successful completion of the initial design review confirms that the Infinity Two technology approach, architecture, performance, and reliability requirements remain aligned with the expectations of TVA and the broader global energy market for a commercially viable First of a Kind (FOAK) fusion power plant. The Type One Energy Infinity Two fusion power plant is being designed to put a nominal 350MWe on the electricity grid. This design is based on the company's groundbreaking stellarator fusion physics basis, which for the first time realistically considered, in a comprehensive and unified manner, the complex relationship between competing requirements for plasma performance, power plant startup, construction logistics, reliability, and economics utilizing actual power plant operating experience. The Journal of Plasma Physics considers this approach to be "… setting the gold standard for how this is done." The Infinity Two architecture is grounded in stellarator fusion technology. This technology has, uniquely within the fusion industry, demonstrated stable, continuous steady-state operation at large scale by the W7-X machine. By properly architecting Infinity Two, Type One Energy is creating a proprietary fusion power plant design that supports a compelling 2-year power plant operating cycle separated by 30-day planned maintenance outages using today's existing materials and enabling technologies. The company also made use of its partner-rich commercialization program to access the power generation industry's deep expertise in power plant engineering design. Among other firms, Atkins-Realis assisted in developing the design of those Infinity Two systems and structures not part of Type One Energy's core focus on the stellarator fusion technology. "Our ability to efficiently architect the initial Infinity Two design in an efficient, partner rich manner reaffirms our commitment to pursuing the lowest risk, shortest schedule, path to a commercially viable fusion power plant," said Christofer Mowry, Chief Executive Officer for Type One Energy. "The energy industry needs more reliable, clean, power generation technology that can meet the rapidly increasing demand for electricity and we are delivering a commercially compelling solution." The progress Type One Energy is making on its Infinity Two fusion power plant design, together with its collaboration with TVA, has attracted the attention of the global energy industry. Several prominent energy utilities and industrial companies have expressed an interest in Infinity Two and participation in Type One Energy's deployment of its first-generation fusion power plant technology. View source version on Contacts Celeste Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Korea Herald
21-05-2025
- Automotive
- Korea Herald
Sicona Signs Transformational Licensing Agreement with Himadri to Scale SiCx® Production
AU$15M investment to accelerate global commercialisation of SiCx® anode technology SYDNEY, May 21, 2025 /PRNewswire/ -- Sicona, a leading innovator in next-generation battery materials, today announced a landmark strategic partnership and technology licensing agreement with Himadri Speciality Chemical Ltd (BSE: 500184 | NSE: HSCL), one of the foremost specialty chemical conglomerates in India. The deal includes AU$15 million cornerstone investment by Himadri and marks a pivotal milestone in the commercialisation of Sicona's flagship Silicon Carbon anode material, SiCx ®. The proceeds will be used to expand Sicona's pilot plant operations in Australia and scale up production to meet surging demand for sampling materials from major global cell manufacturers who service the electric vehicle (EV), 3C (consumer electronics, communications and computers), defence and space industries, who are actively qualifying SiCx ® for next-generation battery platforms. Licensing Deal Overview: Accelerating Global Production Under the agreement, Himadri will licence the full suite of intellectual property required to establish and operate a SiCx® production facility in India. The plant, which will be fully funded by Himadri, is being fast-tracked to meet rising global demand. Sales from the facility will be targeted primarily in the automotive sector—positioning Himadri and Sicona at the centre of global EV supply chains. "This deal is transformative for Sicona," said Christiaan Jordaan, CEO and Co-Founder of Sicona. "This partnership enables us to commercialise SiCx® at an unprecedented speed and scale, without shouldering the burden of the first-of-a-kind (FOAK) facility funding alone." Himadri's manufacturing pedigree and global reach make them the ideal partner." Strategic Benefits: Cost-Effective Global Commercialisation For Sicona, this licensing model offers a capital-light pathway to revenue generation, accelerating its timeline to commercial scale production. Royalties from SiCx ® sales in India will provide a steady income stream, while Sicona focuses on delivering its own large-scale facilities—cementing Sicona's position as a global leader in Silicon Carbon (Si/C) anode materials. "This partnership proves that early-stage climate tech startups can overcome the challenges of FOAK commercialisation with the right partners," Jordaan added. "We're now laser-focused on delivering the facilities in India and the USA." SiCx® Technology Edge Sicona's SiCx ® is a non-silane, mechanical Silicon Carbon material that delivers industry-leading electrochemical performance. Unlike silane-based products, which rely on expensive, volatile and emissions-intensive gas processes, Sicona's proprietary method uses inert and safe raw materials, allowing for location-agnostic manufacturing and competitive pricing. Furthermore, SiCx® makes no compromise in key specifications and performance. SiCx ® has been engineered to directly tackle two major barriers to EV adoption: limited range and long charge times. When blended with graphite (typically in proportions of 5–20%+), SiCx ® boosts energy density by over 20% and cuts charge times by more than 40%, all while maintaining compatibility with today's lithium-ion battery manufacturing lines. These improvements contribute meaningfully to reducing carbon emissions in transport, while also diversifying the critical minerals supply chain away from high-risk, concentrated regions and inputs. Himadri: A World-Class Manufacturing Partner With over 30 years of manufacturing excellence, Himadri Speciality Chemical Ltd brings deep experience, robust infrastructure and global distribution capabilities to the partnership. Operating eight zero-liquid discharge pitch facilities and with product availability in around 56 countries, Himadri has established itself as a key player in the advanced materials value chain. "This collaboration marks a turning point in the world's advanced battery materials journey," said Mr. Anurag Choudhary, Chairman, Managing Director and CEO of Himadri Speciality Chemical Ltd. "Sicona's SiCx ® delivers two core advantages—higher energy density for longer driving range, and faster charging capability that dramatically reduces wait time for EV users." "By integrating Sicona's technological might with Himadri's global scale and operational excellence, we are creating a blueprint for innovation-led clean energy leadership. We are throwing all our resources behind this project to get it operational on an accelerated timeline." Global Impact: From Pilot Plant to Global Leader This agreement is the latest in a string of strategic milestones for Sicona, which recently announced plans to build a 6,500tpa commercial production facility in the southeastern United States with long-term plans to expand capacity there to 26,500 tpa on a single site. With demand from EV manufacturers continuing to surge, Sicona is now positioned to scale rapidly across three continents—leveraging both direct operations and high-value partnerships to drive global impact. "We thank Himadri for their unwavering belief in our team, our technology, and our mission," said Jordaan. "Despite challenging capital markets, we are forging ahead, delivering on our goal to be the largest global producer of Si/C materials. This is how we win in climate tech, through smart partnerships, fast execution, and solutions that scale globally." About Sicona Founded in 2019 and headquartered in Wollongong, Australia, Sicona is a next-generation battery materials company developing and commercializing advanced Silicon Carbon (Si/C) anode materials. SiCx®, Sicona's flagship product, delivers breakthrough energy density and charging speed for lithium-ion batteries at industry leading cost and scale. Sicona's mission is delivering high-performance battery materials at mass-market scale, aiming to reduce reliance on fossil fuels and mitigate climate change. About Himadri Speciality Chemical Ltd Himadri Speciality Chemical Ltd is a global speciality chemical conglomerate with a strong focus on research and development (R&D), innovation and sustainability. As pioneer in the production of lithium-ion battery materials in India, it continuously develops and innovates raw materials of lithium-ion battery value chain. It's diverse product portfolio includes speciality carbon black, coal tar pitch, refined naphthalene, advance materials, SNF, speciality oils, clean power, etc. catering to various industries such as lithium-ion batteries, paints, plastics, tyres, technical rubber goods, aluminium, graphite electrodes, agrochemicals, defence and construction chemicals. Himadri operates in both domestic and international markets, with its products available in around 56 countries across the globe. With a strong commitment to corporate governance, safety and sustainability, it has 8 zero-liquid discharge manufacturing facilities and utilizes in-house clean power for 100% of its electrical energy needs. Himadri is a people first organization and is making a positive impact on the industry, both in India and globally through its focus on innovation fuelled by extensive R&D, new business opportunities and sustainability.
Yahoo
21-05-2025
- Automotive
- Yahoo
Sicona Signs Transformational Licensing Agreement with Himadri to Scale SiCx® Production
AU$15M investment to accelerate global commercialisation of SiCx® anode technology SYDNEY, May 21, 2025 /PRNewswire/ -- Sicona, a leading innovator in next-generation battery materials, today announced a landmark strategic partnership and technology licensing agreement with Himadri Speciality Chemical Ltd (BSE: 500184 | NSE: HSCL), one of the foremost specialty chemical conglomerates in India. The deal includes AU$15 million cornerstone investment by Himadri and marks a pivotal milestone in the commercialisation of Sicona's flagship Silicon Carbon anode material, SiCx®. The proceeds will be used to expand Sicona's pilot plant operations in Australia and scale up production to meet surging demand for sampling materials from major global cell manufacturers who service the electric vehicle (EV), 3C (consumer electronics, communications and computers), defence and space industries, who are actively qualifying SiCx® for next-generation battery platforms. Licensing Deal Overview: Accelerating Global Production Under the agreement, Himadri will licence the full suite of intellectual property required to establish and operate a SiCx® production facility in India. The plant, which will be fully funded by Himadri, is being fast-tracked to meet rising global demand. Sales from the facility will be targeted primarily in the automotive sector—positioning Himadri and Sicona at the centre of global EV supply chains. "This deal is transformative for Sicona," said Christiaan Jordaan, CEO and Co-Founder of Sicona. "This partnership enables us to commercialise SiCx® at an unprecedented speed and scale, without shouldering the burden of the first-of-a-kind (FOAK) facility funding alone." Himadri's manufacturing pedigree and global reach make them the ideal partner." Strategic Benefits: Cost-Effective Global Commercialisation For Sicona, this licensing model offers a capital-light pathway to revenue generation, accelerating its timeline to commercial scale production. Royalties from SiCx® sales in India will provide a steady income stream, while Sicona focuses on delivering its own large-scale facilities—cementing Sicona's position as a global leader in Silicon Carbon (Si/C) anode materials. "This partnership proves that early-stage climate tech startups can overcome the challenges of FOAK commercialisation with the right partners," Jordaan added. "We're now laser-focused on delivering the facilities in India and the USA." SiCx® Technology Edge Sicona's SiCx® is a non-silane, mechanical Silicon Carbon material that delivers industry-leading electrochemical performance. Unlike silane-based products, which rely on expensive, volatile and emissions-intensive gas processes, Sicona's proprietary method uses inert and safe raw materials, allowing for location-agnostic manufacturing and competitive pricing. Furthermore, SiCx® makes no compromise in key specifications and performance. SiCx® has been engineered to directly tackle two major barriers to EV adoption: limited range and long charge times. When blended with graphite (typically in proportions of 5–20%+), SiCx® boosts energy density by over 20% and cuts charge times by more than 40%, all while maintaining compatibility with today's lithium-ion battery manufacturing lines. These improvements contribute meaningfully to reducing carbon emissions in transport, while also diversifying the critical minerals supply chain away from high-risk, concentrated regions and inputs. Himadri: A World-Class Manufacturing Partner With over 30 years of manufacturing excellence, Himadri Speciality Chemical Ltd brings deep experience, robust infrastructure and global distribution capabilities to the partnership. Operating eight zero-liquid discharge pitch facilities and with product availability in around 56 countries, Himadri has established itself as a key player in the advanced materials value chain. "This collaboration marks a turning point in the world's advanced battery materials journey," said Mr. Anurag Choudhary, Chairman, Managing Director and CEO of Himadri Speciality Chemical Ltd. "Sicona's SiCx® delivers two core advantages—higher energy density for longer driving range, and faster charging capability that dramatically reduces wait time for EV users." "By integrating Sicona's technological might with Himadri's global scale and operational excellence, we are creating a blueprint for innovation-led clean energy leadership. We are throwing all our resources behind this project to get it operational on an accelerated timeline." Global Impact: From Pilot Plant to Global Leader This agreement is the latest in a string of strategic milestones for Sicona, which recently announced plans to build a 6,500tpa commercial production facility in the southeastern United States with long-term plans to expand capacity there to 26,500 tpa on a single site. With demand from EV manufacturers continuing to surge, Sicona is now positioned to scale rapidly across three continents—leveraging both direct operations and high-value partnerships to drive global impact. "We thank Himadri for their unwavering belief in our team, our technology, and our mission," said Jordaan. "Despite challenging capital markets, we are forging ahead, delivering on our goal to be the largest global producer of Si/C materials. This is how we win in climate tech, through smart partnerships, fast execution, and solutions that scale globally." About Sicona Founded in 2019 and headquartered in Wollongong, Australia, Sicona is a next-generation battery materials company developing and commercializing advanced Silicon Carbon (Si/C) anode materials. SiCx®, Sicona's flagship product, delivers breakthrough energy density and charging speed for lithium-ion batteries at industry leading cost and scale. Sicona's mission is delivering high-performance battery materials at mass-market scale, aiming to reduce reliance on fossil fuels and mitigate climate change. About Himadri Speciality Chemical Ltd Himadri Speciality Chemical Ltd is a global speciality chemical conglomerate with a strong focus on research and development (R&D), innovation and sustainability. As pioneer in the production of lithium-ion battery materials in India, it continuously develops and innovates raw materials of lithium-ion battery value chain. It's diverse product portfolio includes speciality carbon black, coal tar pitch, refined naphthalene, advance materials, SNF, speciality oils, clean power, etc. catering to various industries such as lithium-ion batteries, paints, plastics, tyres, technical rubber goods, aluminium, graphite electrodes, agrochemicals, defence and construction chemicals. Himadri operates in both domestic and international markets, with its products available in around 56 countries across the globe. With a strong commitment to corporate governance, safety and sustainability, it has 8 zero-liquid discharge manufacturing facilities and utilizes in-house clean power for 100% of its electrical energy needs. Himadri is a people first organization and is making a positive impact on the industry, both in India and globally through its focus on innovation fuelled by extensive R&D, new business opportunities and sustainability. ENDS For more information, interview requests or images please contact Julian O'Brien, Sicona PR and Comms manager, +61 419 155 376 or jobrien@ View original content to download multimedia: SOURCE Sicona Battery Technologies Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
