Article

HPQ Silicon Inc. has increased its stake in French partner Novacium SAS from 28.4% to 36.8% through an all-share deal, valued at approximately EUR 30M. This move strengthens HPQ's position in energy-transition technologies, particularly in silicon anode batteries, hydrogen, and waste-to-value sectors. The decision allows HPQ to secure a larger claim on Novacium's multi-platform business as the company develops its presence in Europe and seeks EU funding while limiting cash expenditure.