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Nano One secures C$5m boost to accelerate homegrown battery breakthrough

Nano One secures C$5m boost to accelerate homegrown battery breakthrough

Canada’s ambitions to become a global powerhouse in clean technology received a significant boost this week as Nano One Materials Corp TSX:NANO, the Vancouver-based battery materials technology company, secured C$5 million in non-repayable funding from Natural Resources Canada (NRCan) to scale production of its patented One-Pot lithium iron phosphate (LFP) battery materials.

The award, made under Ottawa’s Energy Innovation Program, will help Nano One ramp up commercialisation of its made-in-Canada technology, a potential game-changer in the race to build greener, more secure battery supply chains across North America.

“The Government of Canada is proud to support Nano One as they scale up their made-in-Canada battery innovation,” said Tim Hodgson, Minister of Energy and Natural Resources. “At a time when global demand for batteries is surging, their work could not be more important. This patented technology, developed here at home, is helping position Canada as a global leader in the next generation of battery materials — proving that Canada can power the world.”

The funding, which runs through March 2027, will support Nano One’s facilities in Candiac, Québec and Burnaby, British Columbia. It will enable the company to expand production capacity and fine-tune different product grades of its One Pot LFP cathode active materials, tailored for energy storage systems, electric vehicles, and defence applications.

Japanese metals giant Sumitomo Metal Mining is a technical partner in the project, providing in-kind expertise to help accelerate development and validation.

At the heart of Nano One’s strategy is its Candiac facility, a demonstration-scale plant serving as a bridge between research, customer qualification, and commercial production. The site is being upgraded to scale from 200 tonnes per annum to at least 800 tonnes, with flexibility to exceed 1,000 tonnes, in preparation for larger-scale deployment and potential licensing to global manufacturers.

“This investment strengthens our path to commercialization and reinforces Canada’s position as a leader in clean-technology manufacturing,” said Dan Blondal, Nano One’s chief executive. “We’re grateful to the Government of Canada for its continued support, which helps us de-risk scale-up, advance customer validation, and create long-term value for our shareholders on our path to commercial operations.”

The Candiac site will also serve as a training and innovation hub, offering service revenues from operator instruction, continuous process improvements, and product development for licensees. According to Blondal, this model positions Nano One not just as a producer, but as a technology enabler for a global industry seeking lower-cost, lower-carbon materials.

What is Nano One’s One Pot process?

Nano One’s One-Pot process simplifies the conventional multi-step method of producing LFP cathodes, reducing energy consumption, waste, and chemical inputs, a sustainability edge that aligns with Ottawa’s broader industrial strategy.

The project builds on existing support from the U.S. Department of Defense, Next Generation Manufacturing Canada, Investissement Québec, and Technoclimat, and dovetails with the G7’s efforts to develop resilient, diversified supply chains for critical minerals and battery materials.

The C$5 million grant will cover eligible operating and capital costs for scale-up and commercialization activities across both facilities, reinforcing North America’s drive to reduce reliance on overseas suppliers, particularly China, for key battery components.

As Ottawa pushes to anchor more of the battery supply chain within Canada, Nano One’s progress reflects a broader industrial shift toward clean-tech sovereignty — one where innovation, sustainability, and strategic independence increasingly go hand in hand.

“This is about more than batteries,” said Blondal. “It’s about building the foundation for a secure, green energy future — powered by Canadian technology.”

This article does not constitute investment advice.  Do your own research or consult a professional advisor.

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