Clean technology company Nano One has received the final contribution of $803,300 from Sustainable Development Technology Canada and the Government of British Columbia’s Innovative Clean Energy Fund. This completes Nano One’s second SDTC project.
Its success led to a third SDTC funded project that was previously announced in February 2023 which is expected to provide an additional $10 million in non-dilutive funding.
Nano One owns patented processes for the production of lithium-ion battery cathode active materials that enable secure and resilient supply chains by driving down cost, complexity, energy intensity, and environmental footprint
Support for Nano One’s Scaling of Advanced Battery Materials Project was awarded by SDTC in May 2019 and completed in January 2023 with total government contributions of $8.25m, with $5.25m from SDTC and $3m from the ICE Fund, respectively. This final contribution of $803,300 represents a 10% holdback that is awarded once all successful commitments and reporting requirements have been achieved.
“SDTC has been an important contributor to Nano One over the years and has been instrumental in propelling us to where we are today,” explained Nano One’s CEO Dan Blondal. “Their funding for this project provided the means to execute our business plans and aided in securing additional support from the capital markets and from various strategically interested parties.”
With SDTC and ICE Fund support, Nano One was able to grew its team, add to its portfolio of intellectual property and optimize its processing technology and know-how.
“We believe we can be cleaner, greener and leaner than the methods used in Asia, while being cost competitive in Canada, North America, Europe and the Indo-Pacific region,” Blondal said.
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Nano One advancing the scale of the One-Pot process
The funded project helped Nano One accelerate significant advances in scaling of its One-Pot process for lithium iron phosphate, specifically in preparation for pilot and industrial scale production at its recently acquired facilities in Candiac, Québec.
The project enabled 10 kg batches of One-Pot LFP and greater for third party evaluation that have since led to trials in the company’s Candiac facility that are exceeding 1000 kg (1 tonne).Through the course of the project, the team was able to reduce reaction times resulting in cost reduction and improved yield. The team also reduced CAPEX and OPEX associated with the One-Pot process for LFP as compared to existing LFP methods and they developed a comprehensive techno-economic model for LFP, providing confidence for large scale piloting and production activities at its Candiac facility.
The project also supported the development of Nano One’s innovative metal-to-cathode-active-materials technology, that simplifies the supply chain and enables the use of metal powders instead of environmentally problematic metal sulphates.
M2CAM aims to eliminate wastewater and waste sulphate, cost effectively, and this is of increasing strategic interest in North America, Europe and other regions where there are environmental standards coupled with the need for tens of millions of tonnes of CAM production.
“The financial support from SDTC and the ICE Fund has enabled us to further attract and retain industry leading experts with science, engineering and business backgrounds,” said Kelli Forster, Senior Vice President of People and Culture. “We have the most experienced LFP production team in North America and by pairing this with our innovative culture, we are setting the stage to change how the world makes battery materials.”