The Li-ion Tamer company, a top off-gas detection solution for lithium-ion (li-ion) batteries that identifies thermal runaway situations, was acquired by Honeywell from Nexceris. The acquisition builds on Honeywell’s five-year engagement with Nexceris to strategically address lithium-ion battery system safety and expands its portfolio of best-in-class fire life safety products within its Building Automation business. It is anticipated that Honeywell’s financials will benefit from the deal right away.
Li-ion battery demand is predicted to increase by more than 30% a year until 2030, reaching over $400 billion. As a result, battery safety solutions are becoming more and more important for industries like cloud computing and renewable energy.
A whole system may be lost once a fire starts in an energy storage system if safe monitoring and early detection are not in place. These measures are necessary to prevent or lessen the impacts of thermal runaway.
Li-ion Tamer gives facilities the critical time they need to take action before a battery fire breaks out by employing early warning technology to identify battery off-gassing, which usually occurs before thermal runaway.
Leading battery OEMs throughout the world trust Li-ion Tamer because of its detecting technology, which may issue a warning up to 30 minutes in advance.
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.
Currently, this includes VESDA —a leading solution that detects the earlier signs of a potential fire — and Connected Life Safety Services, hosted on the Honeywell Forge IoT Platform that uses data to deliver the connectivity and intelligence needed for secure, compliant and more efficient fire system management.
This acquisition follows Honeywell’s announcement of the planned spin-offs of its Aerospace Technologies and Solstice Advanced Materials businesses, which will result in three publicly listed industry leaders with distinct strategies and growth drivers.
Since December 2023, Honeywell has announced a number of strategic actions to drive organic growth and simplify its portfolio, including $13.5 billion of accretive acquisitions, including the Access Solutions business from Carrier Global, Civitanavi Systems, CAES Systems, the LNG business from Air Products, Sundyne and Johnson Matthey’s Catalyst Technologies Business. Honeywell also completed the sale of its Personal Protective Equipment business to Protective Industrial Products last month.
Leadership Comments
“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.”
