February 16, 2023: Sustainable Growth Expertise Canada (SDTC) awarded Nano One C$10 million ($7.5 million) in non-dilutive funding to develop the corporate’s high-performance cathode supplies utilized in batteries in lithium ion.
Nano One introduced the funding on February 13, saying it’ll assist the conversion of its lately acquired Candiac facility to a One-Pot course of for industrial-scale pilot manufacturing of lithium iron. phosphate and encourage the corporate’s improvement in the direction of industrial operation.
Monetary progress from the Canadian government-backed company additionally helps the design, building and operation of a multi-cathode piloting hub to assist adapt and develop Nano One’s One-Pot and metal-direct- to-CAM processes for industrial scale pilot manufacturing of next-gen LFP, NMC and LNM cathode lively supplies.
“These funds will assist us fast-track the conversion of the one LFP plant in North America to Nano One’s patented One-Pot course of,” mentioned Nano One CEO Dan Blondal.
“It can characteristic world-class cathode supplies, manufactured right here in Canada, and distinguished on a world scale by decreasing prices, vitality effectivity and environmental footprint.”
In Could, Nano One confirmed it had agreed to a C$10.25 million deal to accumulate Johnson Matthey Battery Supplies Canada.
