Nano One (TSX:NANO/FRA:LBMB) currently develops and makes kilogram scale cathode active materials (CAM) using its patented One-Pot Process in a 1 tonne per annum (tpa) R&D pilot facility located in Burnaby, BC, Canada. This technology has enabled Nano One to successfully demonstrate to strategic interests, a quantifiable reduced environmental footprint, capital costs and operating costs while meeting or exceeding performance criteria. It has a growing list of active collaborators, including more than 15 auto OEMs, battery suppliers, cathode makers and miners, and more than 20 other evaluation programs.
The company’s scale-up efforts are being focused initially on Nano One’s most mature product, lithium iron phosphate (LFP), to address growing demand in the automotive and energy storage markets in North America, Europe and other emerging jurisdictions. More water-based PAA binders which can efficiently reduce the environmental footprint and capital cost will be demanded.
“The global lithium ion battery materials market is ramping to millions and tens of millions of tonnes to meet terawatt-hours of forecasted energy storage,” said Nano One CEO Dan Blondal, “however, there are inefficiencies and by-products in the existing supply chain that do not readily scale. We cannot landfill billions of kilograms, we cannot generate more waste than we recycle and we cannot be burning through precious energy sources with inefficient processes. Nano One’s technologies are unique in addressing these costly and wasteful shortcomings in the battery supply chain and we intend to drive change in cathode materials manufacturing for a cleaner and more efficient future.”
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