Former Evonik Degussa Deputy Chairman and CTO Joins Nexeon Board

Nexeon – the company making great strides in developing silicon anode lithium-ion battery technology – has appointed Dr. Alfred Oberholz as a non-executive director. Dr. Oberholz brings with him many years’ experience in the development and commercialisation of advanced materials gained in leading chemical corporations. In a previous role, he was responsible for deploying €4bn of research and development across Western Europe, US, China, India and Japan.

Prior to joining Nexeon, he worked for specialty chemicals company Degussa AG, and was among others responsible for a strategic alliance with LG Chem in Korea to research functional materials for electronics and IT applications. He also founded Degussa’s ‘Science to Business’ centres for Biotechnology, Nanotechnology and Energy Efficiency with €50m of investment each for research into new applications.

Before joining Degussa AG, Dr. Oberholz spent many years working for Hüls where he was Head of the Silanes/Silicones Business Unit and a member of the Board of Management.

Dr. Oberholz sits on the Supervisory Boards of the University of Aachen, is the President of the Scientific Society DECHEMA and has a seat in the Supervisory of the Biotech company DIREVO.

We are delighted to have attracted someone of Alfred’s calibre to join our Board“, says Dr. Scott Brown, Chief Executive Officer of Nexeon. “His experience will directly benefit us as we move from technology demonstration to commercial discussions with global battery manufacturers and material supply partners.

Nexeon’s technology is based on the use of silicon anodes in lithium-ion batteries instead of the carbon-based anodes used today. This allows greater charge to be stored in the battery, and longer lifetime between charges. The Nexeon approach will allow batteries with significantly higher energy density to be developed – leading to the much sought after benefits of longer operating times and brighter screens for laptops and smart phones, and more powerful and higher performance cordless tools. Benefits extend to automotive manufacturers who see the potential for higher battery capacity and power to weight ratio.

Nexeon plans to license its technology and is already in discussion with a number of major corporations in the global battery industry. Nexeon has begun sampling materials to these companies for evaluation.

Nexeon spun out from Imperial Innovations in 2005 and has successfully completed several rounds of funding, including the raising of £10 million earlier this year. It has established research and development facilities and a pilot plant at Culham, Oxfordshire.