Rechargeable lithium-ion battery technology has received a boost with the investment of £40m in Nexeon, a company pioneering the use of silicon anodes in place of carbon. The Series C investment was led by existing investor Imperial Innovations Group and included Invesco Perpetual. Nexeon plans to use the new funding to establish-a world class manufacturing facility, scaling up the production of its latest silicon anode materials to 250 tonnes per annum, representing a commercial supply level.
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