Honeywell has acquired from Nexceris its Li-ion Tamer business, a major off-gas detection solution for lithium-ion (Li-ion) batteries that detects thermal runaway events.
The acquisition enhances Honeywell's portfolio of fire life safety technologies within its Building Automation segment and emerged from a partnership with Nexceris over the past 5 years to strategically address lithium-ion battery system safety.
The transaction is expected to be immediately accretive to Honeywell's financials.
Demand for li-ion batteries
Li-ion batteries expected to grow by over 30% annually through 2030 to greater than $400 billion
With demand for Li-ion batteries expected to grow by over 30% annually through 2030 to greater than $400 billion,1 battery safety solutions are increasingly critical for sectors ranging from renewable energy to cloud computing.
Safe monitoring and early detection enable essential steps to avoid or reduce the effects of thermal runaway – without these solutions, an entire system can be lost once a fire begins in an energy storage system.
By using early warning technology to detect battery off-gassing, which typically precedes thermal runaway, Li-ion Tamer provides facilities with vital time to intervene before a battery fire starts. With its detection technology that provides a warning up to 30 minutes in advance, Li-ion Tamer is trusted by pioneer battery OEMs worldwide.
EV infrastructure
"As lithium-ion battery use grows rapidly across data centers, EV infrastructure, and grid-scale energy storage, the risk of fire is increasing in parallel," said Billal Hammoud, President and CEO of Honeywell's Building Automation segment. "Li-ion Tamer's early warning technology has been revolutionary for our customers and partners over the last five years.”
“Building on our legacy partnership, the acquisition of this product suite will position Honeywell as a leader in early gas detection and battery fire prevention. We expect this tuck-in acquisition to further bolster growth of our fire detection business."
Product portfolio
The Li-ion Tamer product portfolio, which includes more than 30 global patents, will be integrated into Honeywell's Building Automation business, enabling Honeywell to offer a comprehensive suite of fire detection products that complement its existing advanced smoke detection technology and life safety solutions.
