Johnson Matthey is ceasing investment in battery materials
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 technol
Also in this section
25 February 2026
Low-carbon hydrogen and ammonia development is advancing much more slowly and unevenly than once expected, with high costs and policy uncertainty thinning investment. Meanwhile, surging energy demand is reinforcing the role of natural gas and LNG as the backbone of the global energy system, panellists at LNG2026 said
18 February 2026
Norwegian energy company has dropped a major hydrogen project and paused its CCS expansion plans as demand fails to materialise
4 February 2026
Europe’s largest electrolyser manufacturers are losing patience with policymakers as sluggish growth in the green hydrogen sector undermines their decision to expand production capacity
2 February 2026
As a fertiliser feedstock, it is indispensable, but ammonia’s potential as a carbon-free energy carrier is also making it central to global decarbonisation strategies
