WSJ News Exclusive | Silicon Battery Maker Amprius to Go Public in $1.3 Billion SPAC Merger

Battery supplier to Airbus and the U.S. Army is combining with a transportation-focused SPAC

Money is a sticking point in climate-change negotiations around the world. As economists warn that limiting global warming to 1.5 degrees Celsius will cost many more trillions than anticipated, WSJ looks at how the funds could be spent, and who would pay. Illustration: Preston Jessee/WSJAmprius Technologies Inc. has reached a deal with a special-purpose acquisition company that values the maker of silicon-anode batteries at about $1.3 billion and would take it public, company officials said.

Based in Fremont, Calif., Amprius makes batteries that it says are more powerful than conventional lithium-ion cells because they use energy-dense silicon in the battery’s anode instead of graphite, the traditional material. The company currently sells them to customers such as Airbus SE and the U.S. Army to power electric aircraft and drones and says they can also

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Source: MarketWatch - 🏆 3. / 97 Read more »