Nano One Materials has been awarded up to C$1.9m (US$1.4m) for battery technology from Innovation, Science and Economic Development Canada (ISED).
The investment is being made available through the Automotive Supplier’s Innovation Programme (ASIP) and will support the development of battery material production technology in Nano One’s Pilot Plant.
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“These funds are non-dilutive and non-repayable and add to funds previously announced,” said Nano One CEO, Dan Blondal.
“The support leverages existing plans to build and operate our Demonstration Pilot Plant. We remain on target to have the pilot built early in 2017 and our approach is already drawing the attention of multinational lithium ion battery stakeholders in the automotive supply chain.
“The funding selection process is competitive with extensive due diligence and we are honoured to have gained the confidence of ASIP and ISED.”
The announcement was made at Nano One’s facility in Burnaby, British Columbia by Parliamentary Secretary to the Minister of Environment and Climate Change, Jonathan Wilkinson, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science and Economic Development.
“Through the Automotive Supplier Innovation Programme, the Government of Canada recognises suppliers are an integral part of our automotive footprint and success,” added Wilkinson.
“We are proud to support Nano One in developing green technologies that will shape the future of the industry. These technologies will help create quality jobs and support Canada’s middle class.”
The proceeds will help support the design, construction and operation of Nano One’s Pilot Plant and will be disbursed during the duration of the pilot project as expenses are incurred.
The pilot will be used to showcase Nano One’s patented technology and simulate full scale production of lithium ion cathode materials.
The pilot uses equipment common to industry and is designed to demonstrate a variety of processing concepts and chemistries. This enables Nano One to produce a range of cathode materials, including lithium nickel manganese cobalt oxide, high voltage spinel and lithium iron phosphate.
The innovations lie in an aqueous process enabling a wider range of raw material inputs, eliminates manufacturing steps and provides high purity high performance materials.
Nano One has been granted 3 patents covering process, materials and battery technologies to bolster its portfolio of intellectual property.
