Neenah, a leading global manufacturer of specialty materials, is announcing that it has joined the Soteria Battery Innovation Group (BIG), a consortium of 100+ companies representing different developers and users across the lithium-ion battery ecosystem. The consortium is committed to using new technology to bring safer batteries to the market, which aligns directly with Neenah’s passion for innovation and the company’s emphasis on safety.
Lithium-ion batteries continue to dominate the battery market, with projected growth from $41B in sales in 2021 to over $110B by 2030. Neenah will utilize its significant expertise in nonwovens to pursue fiber-based separator applications that can meet users’ short and long-term needs.
“This partnership brings significant opportunities to leverage our existing technologies, and we continue to be excited to work with organizations that complement our capabilities and help drive value in our growth markets,” said Bret Haldin, Vice President of Innovation for Neenah.
“Soteria’s technology and consortium are enabling a world where lithium-ion batteries and the devices they power are inherently safe,” said Brian Morin, CEO of Soteria BIG. “We are very excited to welcome Neenah as they bring their significant expertise in high-performance nonwovens to execute on this vision.”