Focus on 1.5V rechargeable battery technologies, Total acquires US battery company

　　French oil giant Total said recently that its venture capital firm has acquired shares in Ionic Materials, a privately held battery developer located in Massachusetts, for an undisclosed amount.

　　Total acquires U.S. battery developer to focus on 1.5V rechargeable battery technologies

　　IonicMaterials provides research and development services and focuses on developing advanced materials for high-energy-density batteries that are said to be safer and cheaper than traditional materials.

　　"We have decided to invest in Ionic Materials in order to pay close attention to this technology. This technology may be one of the most promising avenues for the development of solid-state batteries." Total declined to disclose how many shares it acquired.

　　In February this year, IonicMaterials said it had received $65 million in Series C financing from a group of financial and strategic investors.

　　"Total Energy Investments (TEV) pays close attention to the field of energy storage, especially 1.5V rechargeable battery technologies." Total said TEV has invested approximately US$160 million in more than 30 start-up companies in the technology and energy fields.

　　Total said Ionic Materials’ breakthrough technology can significantly improve battery safety, performance and cost. Solid-state batteries are considered the next generation of batteries for various applications, including electric vehicles.

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