Johnson Matthey acquires assets to accelerate green hydrogen scale-up
Johnson Matthey, announced its acquisition of the assets and intellectual property of Oxis Energy Limited, based near Oxford, UK. Oxis Energy was a lithium-sulfur battery developer with assets that can be adapted to manufacture components for green hydrogen production. The company entered administration on 19 May 2021.
With moderate additional investment in upgrades, this transaction will significantly accelerate JM's growing Green Hydrogen business scale-up. In addition, the facility will further expand JM's ability to develop, test, and manufacture catalyst coated membranes and advanced materials for electrolysers, as this market continues to grow very rapidly and in response to positive progress with customers. The site will enable tens of thousands of catalyst coated membrane parts per year – enough to equip hundreds of megawatts of electrolyser capacity.
Robert MacLeod, Chief Executive, stated: "We are delighted to secure this acquisition. The capability this opportunity delivers will enable our green hydrogen business to accelerate the scale-up of CCM production in line with market demand. In addition, the purchase of these assets further demonstrates our commitment to developing a low carbon economy and progressing towards net-zero."
Eugene McKenna, Managing Director Green Hydrogen, commented: "Acquiring Oxis Energy's assets enables us to support our customers as they meet the strong demand for proton exchange membrane electrolysers used to produce green hydrogen. Improving electrolyser efficiency and reducing the cost of hydrogen are key to the further development of the green hydrogen market and scaling up CCM manufacturing will help bring JM and our customers closer to achieving this goal."
In addition to accelerating Green Hydrogen scale-up, the acquisition of a considerable IP portfolio in next-generation lithium-sulfur and adjacent battery technologies presents JM's Battery Materials business opportunities to advance its development of future battery material technologies.