3M to invest in Nanoscale Components Inc.

“The combination of 3M’s expertise in battery materials science with Nanoscale’s unique, patented process will help move the battery industry forward,” said Erik Aunan, vice president of 3M Electronics Materials Solutions Division. “We are always looking for collaboration opportunities that will help enable our customers’ next generation technology. Together, we’re looking forward to uncovering solutions that will meet the growing demands of the battery marketplace.” Nanoscale’s patented process to put extra lithium into the anodes of lithium-ion batteries overcomes several of the obstacles of previous pre-lithiation technologies and has demonstrated scalability for battery manufacturers. “We are honored that 3M is joining our team of investors,” said Nanoscale CEO Ron Wohl. “We see 3M as an important strategic relationship to commercialize high energy anodes for longer life cells for everyone’s favorite mobile devices, as well as longer range for electric cars.”