JIOS Aerogel Secures New Investment from Owens Corning to fund its fully automated Thermal Blade® plant
SINGAPORE, Apr 21, 2023
JIOS Aerogel has secured new investment from Owens Corning to fund the launch of its plant in Singapore, catering to the growing demand for its technology in electric vehicle (EV) batteries.
This funding will enable JIOS Aerogel to set up its first fully automated production lines for Thermal Blades®. The company is expanding its manufacturing capabilities to meet the needs of automakers in Europe, North America, and Asia Pacific who require ultra-thin, compressible insulation for EV battery cells.
Stephen Kang, Co-Founder and Managing Director of JIOS Aerogel, stated: “We’re proud and grateful for Owens Corning’s ongoing support. They first invested in 2021 and now, with the rapid shift towards electric vehicles and the recognition that aerogels are the ideal solution for cell-to-cell insulation, our companies are collaborating even more closely to tackle the challenges of electrification.”
JIOS Aerogel’s latest innovation has resulted in a series of aerogel-based products for pouch and prismatic lithium-ion batteries. These products harness the exceptional qualities of aerogels to provide thermal protection for battery cells, improving their safety.
“We chose Owens Corning as a strategic partner to aid in the industrialisation of our aerogel technology,” stated Andrew Stearns, CEO of JIOS Aerogel. “As a global insulation leader with over 100 manufacturing sites, Owens Corning boasts a proven track record of innovation in materials, products, and processes, as well as a deep understanding of sustainability.”
JIOS Aerogel has selected Singapore as the site for its first automotive component manufacturing facility, which is backed by its Innovation Centre that opened in 2020. The plant will utilize JIOS’ innovative, automated production process, developed with support from the Singapore Economic Development Board (EDB). The company’s fully automated line is expected to reach full capacity in the fourth quarter of 2023.
About JIOS Aerogel
JIOS Aerogel (JIOS) is the world’s leading manufacturer of silica aerogel powder. Headquartered in Singapore, the company was founded in 2013 to pioneer a new process that dramatically lowers the cost of aerogel production. JIOS is on a mission to accelerate the adoption of aerogels to improve the safety and performance of electric-vehicle (EV) batteries. Recognised globally as the premier technology for mitigating thermal runaway in lithium-ion batteries, aerogels provide an ultra-thin insulation layer between battery cells, offering exceptional thermal protection at high temperatures. For more information, visit www.jiosaerogel.com.
About Owens Corning
Owens Corning is a global building and construction materials leader committed to building a sustainable future through material innovation. Our three integrated businesses – Composites, Insulation, and Roofing – provide durable, sustainable, energy-efficient solutions that leverage our unique material science, manufacturing, and market knowledge to help our customers win and grow. We are global in scope, human in scale with approximately 19,000 employees in 31 countries dedicated to generating value for our customers and shareholders and making a difference in the communities where we work and live. Founded in 1938 and based in Toledo, Ohio, USA, Owens Corning posted 2021 sales of $8.5 billion. For more information, visit www.owenscorning.com.