Related Articles
Johnson Matthey is ceasing investment in battery materials
Forward article link
Share PDF with colleagues

Johnson Matthey to invest £1bn in hydrogen

Firm is also ending investment in batteries as it pivots to other areas

Technology firm Johnson Matthey has pledged to invest £1bn ($1.3bn) into clean hydrogen research, development and deployment technologies by 2030 while ending investment in its battery materials division. Although demand for battery materials is accelerating, the firm says competition from alternative technologies is making the market commercially unattractive. The adoption of mid-nickel and lithium iron phosphate technologies by other manufacturers is driving down the price of batteries, reducing returns. Johnson Matthey also believes its capital intensity is too high compared with other low-cost, high-scale manufacturers. “We already have a leadership position in the hydrogen

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Schott receives €5mn for hydrogen technologies
26 November 2021
German glass manufacturer is looking at ways to replace natural gas with hydrogen in the heating of furnaces
Germany doubles hydrogen goal
26 November 2021
Incoming coalition ramps up target for electrolyser capacity and gives priority to green hydrogen coupled with offshore wind
UK can be hydrogen leader – Johnson Matthey
26 November 2021
As an early adopter, nation can create a new supply chain and workforce across the country as it looks to capitalise on growing sector, says firm
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video