Sustainability Group Acquires Assets of Lithium-Sulfur Battery Pioneer Oxis
Johnson Matthey has acquired the assets and intellectual property of UK-based battery developer Oxis Energy and intends to use these as a platform to pursue its ambitions in the green hydrogen sector.
Sustainable technologies group Johnson Matthey this week acquired the assets of lithium-sulfur battery developer Oxis Energy. The deal was completed for an undisclosed sum just over two months after the UK-based company was forced into administration after failing to find fresh investment on May 19.
Besides acquiring the assets and intellectual property of Oxis Energy, Johnson Matthey will take over the lease at the company’s premises near Oxford, which it will use to develop, test, and produce catalyst coated membranes. A spokesperson for Johnson Matthey said that with some additional investment, the acquisition will “significantly scale-up of [our] growing green hydrogen business.”
