Nano One Materials Corp [TSX:NANO/FRA:LBMB] confirmed today that it is receiving advisory services and funding of up to C$404,000 from the National Research Council of Canada Industrial Research Assistance Program to support a research and development project to advance its Metal direct to Cathode Active Material technology and thermal processing innovations.
Nano One is a clean technology company with a patented low carbon intensity process for the production of low cost, high-performance cathode materials used in lithium-ion batteries. It represents a very interesting high tech stock that sits at the nexus of battery technology, sustainable supply chains and energy efficiency for next generation OEMs. It continues to receive strong financial backing from Canadian government and provincial agencies.
Said Nano One CTO Dr. Stephen Campbell: “This project will further advance cost optimisation of the One-Pot Process for the manufacture of cathode active materials, specifically as it relates to the use metal feedstocks enabled by our M2CAM technology and innovations in final stage of thermal processing.”
Next generation battery technology
The technology is applicable to electric vehicle, energy storage, consumer electronic and next generation batteries in the global push for a zero-emission future. Nano One’s One-Pot process, its coated nanocrystal materials and its Metal to Cathode Active Material technologies address fundamental performance needs and supply chain constraints while reducing costs and carbon footprint.
Nano One believes that the world’s battery ecosystems and supply chains can only be made secure, competitive and resilient, by leapfrogging the established methods, with economically and environmentally engineered supply chains. A study produced by Hatch Ltd. and announced by Nano One on January 24 2022, supports that Nano One’s patented One-Pot and M2CAM processes offer both environmental and potential economic benefits when compared to conventional cathode manufacturing processes.
Tech eliminates large streams of by-product
Dr. Campbell added: “We have also identified opportunities to improve the efficiency of thermal processing, which is a capitally and energy intensive final step in making cathode materials. We have innovations and patents pending, and this latest support from NRC IRAP is aimed at developing them into near-term industrial scale solutions, better suited for terawatt-hour scale battery production.”
Nano One has received funding from various government programs and the current “Scaling of Advanced Battery Materials Project” is supported by Sustainable Development Technology Canada (SDTC) and the Innovative Clean Energy (ICE) Fund of the Province of British Columbia.