Trent Capital takes full control of Microporous

Trent Capital takes full control of Microporous

Trent Capital takes full control of Microporous 773 455 Batteries International

February 22, 2024: Private equity firm Trent Capital Partners said on February 12 it had acquired full control of separator company Microporous.

Trent has been a minority owner of Microporous for the past 10 years and Trent’s founder and MD, Ray Desrocher, has served on the Microporous board since that time.

Microporous CEO John Reeves said Trent’s purchase of full control, for an undisclosed, sum would spur the firm’s growth in lead acid and lithium ion separator markets.

Energy Storage Journal reported last month that Microporous had started talks aimed at securing a $100 million US federal grant for the production of lithium ion battery separators.

Corporate development and innovation VP Brad Reed said the company was told last December it had been selected to negotiate the Department of Energy grant.

That triggered the start of a detailed negotiating period that will take several months after which, “barring any unanticipated eligibility problems”, the grant will be formally awarded and payments can start, Reed said.

Photo: Microporous’ Piney Flats plant in the US