Sicona

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 2026NOLA / 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 2026Greater New Orleans, Inc.News article

Himadri Speciality Chemical-backed Sicona Battery Technologies secures up to AUD 45 million from the Australian Renewable Energy Agency to advance its silicon-carbon battery materials. The funding supports construction and operation of a commercial-scale demonstration facility at BlueScope Steel's Port Kembla precinct in New South Wales, where Sicona will manufacture SiCx silicon-carbon anode material for electric vehicles and energy storage.

Jul 2026Energetica IndiaNews article

Sicona Battery Technologies received a $45 million Australian Renewable Energy Agency grant under the Battery Breakthrough Initiative to build and operate its first commercial-scale silicon-carbon anode production facility in the Illawarra region. The company also secured an exclusivity agreement with BlueScope Steel covering a site at Port Kembla for the planned plant.

Jun 2026PR NewswireNews article