Canadian lithium-ion battery materials developer Nano One Materials has been awarded C$18 million in funding from the Government of Quebec to support testing of the company's One-Pot process and to expand production capacity at its Candiac plant.
Funding includes a Canadian $15-million ($10.5-million US) loan from the Ministry of the Economy, Innovation and Energy (MEIE) through the accredited agency Investissement Québec and a C$3-million grant from the Ministry of the Environment.
The funds will cover some of the costs incurred during the construction and operation of the company's 200-tonne-per-year test line that was successfully launched in 2023, as well as the planned capacity expansion at the facility in 2025 and 2026.
The loan complements a $12.9-million grant the country was awarded by the US Department of Defense through September 2024 to expand capacity at the Candiac facility.
Nano One's One-Pot process eliminates the iron and phosphate precursor (pCAM) steps by combining them with the lithium addition (CAM) step. This has the potential to reduce complexity, cost and energy intensity compared to existing processes, according to the company. Nano One acquired the plant in Candiac, Quebec from Johnson Matthey in 2022.
“Candiac is in a position to support larger manufacturing facilities and a local supply chain that also reduces the environmental impact of batteries,” said Dan Blondal, CEO of Nano One.
Source: Nano One