New chairman for UK silicon battery maker

Business news |
By Nick Flaherty

Silicon battery developer Nexeon has appointed a new chairman as it moves to mass production after qualification of its technology.

Dr Andrew Hosty has spent over twenty years in senior positions at FTSE 250 multi-national engineering group Morgan Advanced Materials, including as CEO of Morgan Ceramics, and has extensive international experience in the US and Asia. While at Morgan Ceramics, he took the business from loss-making to mid-teen margins, leading it to become the group’s largest business unit.

After leaving Morgan he helped set up the Henry Royce Institute, working with a wide network of universities and government departments. He is Senior Independent Director at James Cropper, guiding board discussions regarding IP protection, and an experienced non-executive director of several other commercial and private equity organisations.

“I am delighted to welcome Andrew to the Nexeon board,” said Dr Scott Brown, CEO of Nexeon. “His appointment comes at an exciting time as we work with our global customers on the final qualification of our innovative silicon battery materials. At the same time, I would like to thank personally Christina McComb, our previous Chair, whose extensive experience and wise counsel have been invaluable as the company has rapidly evolved.”

“I am very pleased to see the commercial progress that Nexeon has made, and happy to be handing over to someone with the right skill set for taking the company through the next phase of mass production,” said McComb.

Oxford-based Nexeon is presently leading a £10m Faraday project to develop improved materials for Li-ion batteries, and which has already produced silicon battery materials that have performed better than expected. Its NSP-1 silicon based material is in the final stages of customer qualification. Last year, Nexeon strengthened its strategic partnership with Wacker Chemie, which also invested in the company, and acquired a key portfolio of 24 patents.

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