Sasol, a South Africa-listed energy company, has invested £15m ($22m) for a minority stake in Oxis Energy, a UK-based rechargeable battery maker for electric bikes and cars.

Henri Loubser, managing director of Sasol New Energy (SNE), said: “This strategic investment in Oxis Energy will allow Sasol to apply its extensive experience of commercialising and scaling up chemical processes to assist Oxis Energy in realising the full potential of the [polymer lithium sulphur, Poly Li-S, battery] technology they have developed. Energy storage will be a critical link in the success of a low carbon mobility value chain.”

Huw Hampson-Jones, chief executive at Oxis Energy (formerly known as IntelliKraft), added: “Over the last two years, it has become apparent to me that the European and North American energy companies lack the understanding of the significance of the Oxis Energy technological breakthrough, and its impact on the future method of propelling vehicles and…

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