Battery materials and technology company NOVONIX has been selected to receive a $103-million tax credit under section 48C of the Qualifying Advanced Energy Project Allocation Program, to support production of critical battery materials at its Riverside facility in Chattanooga, Tennessee. The 48C tax credit is designed to incentivize clean energy property manufacturing, industrial decarbonization, and… Read more »
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NOVONIX secures $100-million grant from DOE to increase synthetic graphite production
NOVONIX, a battery materials and technology company, has received a $100-million grant from the Department of Energy (DOE) to increase production of synthetic graphite anodes at its Riverside site in Chattanooga, Tennessee. The DOE grant will help build and commission equipment to generate 20,000 tons annually from Riverside. The company believes its cash position, customer… Read more »
NOVONIX and SandboxAQ collaborate on AI solutions for EV batteries
NOVONIX, a battery materials and technology company, and SandboxAQ, an enterprise software-as-a-service (SaaS) company that combines artificial intelligence (AI) with quantum analysis (AQ), will collaborate to predict the lifespan of lithium-ion batteries. The companies will combine SandboxAQ’s AI-driven chemical simulation software and NOVONIX’s Ultra-High Precision Coulometry (UHPC) technology and battery cell prototyping and testing capabilities… Read more »
NOVONIX doubles capacity target for US anode material production
NOVONIX, a battery materials and technology company, has provided an update on production from its proprietary continuous-induction furnaces at its Riverside, Tennessee facility. In a recent production campaign, the site’s Generation 3 furnaces produced material met all specifications while also reaching the equipment design throughput targets. Analysis showed that the company’s GX-23 grade synthetic graphite… Read more »
NOVONIX and SandboxAQ collaborate on system to predict EV battery lifespan
Battery materials firm NOVONIX and enterprise SaaS provider SandboxAQ will collaborate to predict the lifespan of lithium-ion batteries, using SandboxAQ’s AI-driven chemical simulation software and NOVONIX’s Ultra-High Precision Coulometry (UHPC) technology and battery cell prototyping and testing capabilities. The companies expect to use the resulting models for data products and services in the first half… Read more »
NOVONIX and LG Energy Solution partner to produce artificial graphite anode materials for EV batteries
NOVONIX, a battery materials firm, and LG Energy Solution, a battery manufacturer, have announced a partnership to produce artificial graphite anode material for lithium-ion batteries. NOVONIX also agreed to issue $30 million in unsecured convertible notes to LG Energy Solution. LG Energy Solution and NOVONIX will engage in a separate purchase agreement when specific development… Read more »
Independent experts confirm NOVONIX’s life-cycle assessment of synthetic graphite product
NOVONIX has announced that a life-cycle assessment of its GX-23 synthetic anode graphite product has been reviewed and confirmed by independent experts as compliant with ISO-14040:2006 and ISO-14044:2006 standards. Minviro, a sustainable mining specialist, performed the life-cycle assessment. According to NOVONIX, the “GX-23 synthetic anode graphite Life Cycle Assessment (LCA) clearly demonstrated an approximate 60%… Read more »
NOVONIX aims to reduce mining emissions with its GX-23 synthetic graphite product
Based on a life-cycle assessment being performed by sustainable mining specialist Minviro, NOVONIX says preliminary results suggest that its GX-23 synthetic graphite anode product generates a 60% decrease in CO2 emissions compared to graphite mining in two areas of China. The unfinished life-cycle assessment, which has not been subjected to third-party peer review, compared GX-23… Read more »
NGen invests $1.3 million in NOVONIX for cathode facility in Nova Scotia
Lithium-ion battery firm NOVONIX has received 1.675 million Canadian dollars ($1.3 million US) from Next Generation Manufacturing Canada (NGen) as part of a larger investment in building a battery development and manufacturing facility in Nova Scotia. According to NOVONIX, “The new facility will play a key role in building a Canadian battery materials supply chain,… Read more »
Oil giant Phillips 66 makes strategic investment in battery material supplier Novonix
Multinational oil giants are beginning to invest in companies in several different sectors of the EV industry. Phillips 66 has announced plans to acquire a 16% stake in Novonix, a supplier of materials, equipment and services for the battery industry. Phillips 66 will reportedly pay a total purchase price of $150 million, and will nominate… Read more »