An Oxfordshire firm that claims to have invented the "Holy Grail of rechargeable batteries" is spending 40m to scale up its operation.
Nexeon Ltd, nearby Didcot, has lifted the allowance from investors to enlarge prolongation from 2.5kg of battery tools a day to 250 tonnes a year.
Chairman Dr Paul Atherton mentioned the firm was formed in the county since it was a centre of battery science.
He updated the investment was "a actual confirmation of the technology".
Nexeon Ltd buys silicon powder from suppliers all over the world and then structures it so it may be coated on to drive-in theatre that go in to the batteries.
The firm says its Li-ion batteries create a "significantly aloft performance" compared to present-day technology.
Li-ion batteries are ordinarily used in mobile phones and laptops, a marketplace Dr Atherton says is value about $10bn a year.
He mentioned even a tiny alleviation in the technology could meant a lot of money.
In a couple of years' time he hopes to occupy a few hundred staff in Oxfordshire and is to firm to be floated on the batch market.
"It's all in the chemistry. It's all about the illusion powders that go on those drive-in theatre that creates these batteries work or not," he said.
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