Iselin, New Jersey – BASF has bought the Ovonic Battery Company, the global leader in nickel-metal hydride (NiMH) battery technology. BASF acquired the company from its parent company Energy Conversion Devices (EOD), which sold it prior to filing for bankruptcy protection.
Ovonic also produces cathode active materials for NiMH batteries, and has a materials research facility in Michigan. The company is the inventor of the NiMH technology as it is used today, and has a patent portfolio of 97 U.S. and international patents and patent applications in this field. All major producers of NiMH batteries are currently working under license from Ovonic.
Ovonic will be managed under BASF’s new global Battery Materials business unit, which was launched earlier this year to integrate the BASF’s current and future battery materials-related activities within a single operating unit managed by its catalysts division in New Jersey.
“Our acquisition of Ovonic provides BASF with an immediate leadership position in NiMH battery technology, as well as long-established commercial relationships with the world’s major battery manufacturers,” said Ralf Meixner, senior vice-president of BASF’s Battery Materials business. “In addition, Ovonic’s proven research expertise provides a strong complement to the broad range of battery materials development activities we currently have underway within BASF.”
BASF is also exploring next-generation battery materials concepts, including lithium-sulphur technologies, which are now in the early stages of development with partner Sion Power.