Article

HPQ Silicon Inc. raised its ownership in Novacium SAS from 28.4% to 36.8% via an all-share deal valued at about EUR 30M. This increase enhances HPQ's control over its European energy-transition technology portfolio, including silicon anode batteries and hydrogen solutions.

The deal positions HPQ to capitalize on Novacium's advancements in technology and commercialization, mitigating the risk of dilution from outside investment. By securing a larger stake now, HPQ aims to benefit from the growing multi-billion-dollar verticals in batteries and hydrogen while maintaining cash reserves.