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Electric vehicles haven’t been able to overcome the burden of cost versus range limitations.

Sicona Battery Technologies says it has acquired New Orleans-based Advano in a stock swap that closes in June 2026, making Advano its U.S. subsidiary and retiring its name. Advano has raised about $45 million and secured 23 patents, but runs short of operating capital in 2024; former investor Hugh Evans becomes CEO in 2025 and spends more than a year negotiating with roughly 70 unsecured creditors ahead of the merger.

Sep 2026 · NOLA / The Times-PicayuneNews article

Sicona Battery Technologies plans to establish its first U.S. facility and headquarters in New Orleans East following its acquisition of Advano. At the New Orleans Regional Business Park, the company plans to invest $10.3 million, create 32 net new jobs averaging $101,500, and install its SiCx silicon-carbon anode production process; Advano’s research and administrative functions continue at the LSU New Orleans Research and Technology Park.

Sep 2026 · Greater New Orleans, Inc.News article

ADVANO opened its Specialty Pilot Plant at the New Orleans Regional Business Park, with Greater New Orleans Inc., the City of New Orleans, and the New Orleans Business Alliance marking the January 30, 2024 launch. The facility will produce ton-scale volumes of ADVANO’s REALSi silicon anode material and support hiring up to 25 additional employees.

Jan 2024 · Greater New Orleans, Inc.News article

Advano marks the opening of a specialty pilot plant in New Orleans East at a January 30, 2024 ribbon-cutting ceremony attended by CEO Chris York, Mayor LaToya Cantrell, and GNO Inc. CEO Michael Hecht. Located in the New Orleans Regional Business Park, the facility delivers ton-scale volumes of Advano’s proprietary silicon anode technology and enters electric vehicle qualification programs in 2024.

Jan 2024 · Biz New OrleansNews article