Global chemistry company BASF is feeding its appetite for promising battery material companies with the purchase of advanced carbon materials manufacturer EnerG2.
It’s the latest in a string of investments made into advanced materials by BASF, who earlier this year licensed battery materials from CAMX Power LLC, then in 2015 launched a joint-venture with Japanese Li-ion firm Toda Kogyo to make cathode materials and licensed NCM technology from the US Argonne National Laboratory.
BASF has worked with EnerG2 since 2014 in efforts to scale up the production of EnerG2’s proprietary carbon materials for higher voltage in supercapacitor electrodes and as a performance additive in stop-start lead-acid batteries.
EnerG2’s patented carbon technology platform enables large-scale production of carbon materials that surpass the limitations of the carbons traditionally used in energy storage. It allows battery producers to tailor the carbon properties to specific applications in automotive and industrial applications.
“Under BASF‘s roof, EnerG2 will continue to develop innovative, high-performance materials,” said Dr. Guido Voit, Managing Director of BASF Venture Capital America Inc
“Combining the strengths of both companies unlocks the full potential of EnerG2’s engineered carbons and allows us to grow the business further.”
EnerG2 has offices and laboratories in Seattle, Washington, and a production site in Albany, Oregon.