Canadian lithium-ion battery supplies developer Nano One Supplies has secured C$18 million in funding from the Authorities of Québec to help in piloting the corporate’s One-Pot course of and enhancing manufacturing capability at its Candiac plant.
The funding consists of a C$15-million mortgage (roughly US$10.5 million) from the Ministry of the Economic system, Innovation and Vitality (MEIE), facilitated by Investissement Québec, alongside a C$3-million grant from the Ministry of the Surroundings.
These monetary assets will assist cowl a part of the prices related to the development and operation of the corporate’s pilot line, which has a capability of 200 tonnes per 12 months and was efficiently commissioned in 2023. The funds will even help deliberate capability enlargement on the facility in 2025 and 2026.
Moreover, this mortgage enhances a $12.9-million grant awarded to Nano One by the US Division of Protection in September 2024 for capability enlargement on the Candiac website.
Nano One’s One-Pot course of streamlines battery manufacturing by integrating the iron and phosphate precursor steps with the lithium addition stage. This innovation has the potential to scale back complexity, prices, and vitality consumption in comparison with conventional strategies. The corporate acquired the Candiac plant from Johnson Matthey in 2022.
Dan Blondal, CEO of Nano One, acknowledged, “Candiac is positioned to help bigger scale manufacturing services and a localized provide chain that additionally reduces the environmental footprint of batteries.”
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