SKC consortium invests $80m in UK anode startup Nexeon

Silicon wafers. Photo: Laura Ockel/unsplash

A consortium including South Korean chemical company SK Co Ltd has invested $80 million in British battery materials startup Nexeon to ramp up production of its silicon anodes to meet global demand, the firms said on Wednesday.

The consortium, which includes private equity firms SJL Partners and BNW Investment, invested $33 million in Nexeon last November.

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