Himadri-backed Sicona secures up to AUD 45 million ARENA funding for next-generation battery technology
Type: Financing · Technology: Storage · Country: Australia · Value: AUD 45M · Announced: 2026-07-07
Sicona Battery Technologies, an Australian battery materials company backed by Himadri Speciality Chemical Ltd, secured up to AUD 45 million in funding from the Australian Renewable Energy Agency (ARENA). This funding, awarded under ARENA’s Battery Breakthrough Initiative, will support the construction and operation of a commercial-scale demonstration facility at BlueScope Steel’s Port Kembla precinct in New South Wales, Australia. The facility will manufacture Sicona’s proprietary SiCx silicon-carbon anode material, designed to enhance battery performance for electric vehicles and energy storage applications. The development is expected to strengthen Sicona’s commercialisation roadmap and reinforce Himadri’s strategic focus on building a global presence in advanced battery materials. The demonstration plant will validate Sicona’s manufacturing process at commercial scale and produce qualification samples for global battery manufacturers and electric vehicle OEMs.
Counterparties
- Himadri Speciality Chemical Ltd (Parent Company)
- Sicona Battery Technologies (Borrower)