Summary
- Nano One Materials receives C$18 million in financing from the Government of Québec
- Funding includes C$15 million loan and C$3 million grant
- Funds will support company’s One-Pot process and increase production capacity
- Loan supplements previous grant from US Department of Defense for capacity expansion
- Nano One’s Candiac plant acquired from Johnson Matthey in 2022 aims to reduce environmental footprint of batteries
Article
Canadian lithium-ion battery materials developer Nano One Materials has received C$18 million in financing from the Government of Québec to support the expansion of their production capacity at their Candiac plant. The funding includes a $15 million Canadian loan and a C$3 million grant, which will cover expenses related to the piloting of the company’s One-Pot process and the planned capacity expansion at the facility. Nano One successfully commissioned a 200-tonne-per-year pilot line in 2023 and is looking to further expand in 2025 and 2026.
The loan from the Government of Quebec complements a $12.9 million grant that Nano One received from the US Department of Defense in September 2024 for the capacity expansion at the Candiac facility. The One-Pot process developed by Nano One integrates various steps in the battery material production process, eliminating the need for certain precursor steps and potentially reducing complexity, costs, and energy intensity compared to traditional processes. The company acquired the plant in Candiac, Quebec from Johnson Matthey in 2022.
Nano One CEO Dan Blondal highlighted the significance of the Candiac plant in supporting larger scale production facilities and a localized supply chain that can help reduce the environmental footprint of batteries. The strategic location of the facility in Quebec, along with the advancements made by Nano One in battery material development, positions the company for further growth and innovation in the lithium-ion battery industry. The government funding will play a crucial role in supporting Nano One’s expansion plans and in advancing their unique One-Pot process in battery material production.
Through the support of government financing, Nano One aims to continue driving innovation and efficiency in the lithium-ion battery materials sector. The company’s focus on reducing complexity and energy intensity in production processes aligns with the growing demand for sustainable and cost-effective battery solutions. With the successful commissioning of their pilot line and the planned capacity expansion at the Candiac facility, Nano One is poised to make meaningful contributions to the advancement of battery technology in Canada and beyond.
The collaboration between Nano One and government entities such as the Ministry of the Economy, Innovation and Energy in Quebec underscores the importance of public-private partnerships in driving innovation and economic development in key industries. By supporting companies like Nano One in their efforts to develop cleaner and more efficient battery technologies, governments can play a crucial role in accelerating the transition towards a more sustainable energy future. Nano One’s commitment to advancing the One-Pot process and expanding its production capacity reflects a broader trend towards innovation and sustainability in the battery materials sector.
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