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 would help the conversion of its just lately acquired Candiac facility to a One-Pot course of for industrial-scale pilot manufacturing of lithium iron. phosphate and encourage the corporate’s growth in the direction of industrial operations.
Monetary progress from the Canadian government-backed company additionally helps the design, development 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 energetic 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,” stated Nano One CEO Dan Blondal.
“It should characteristic world-class cathode supplies, manufactured right here in Canada, and distinguished on a world scale by reducing 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.
