Nano One Materials, a Canadian a process technology company specializing in lithium-ion battery cathode active materials (CAM), has been awarded C$5 million ($3.5 million) in non-repayable financing from Natural Resources Canada (NRCan) under the Energy Innovation Program to scale production of its One-Pot lithium iron phosphate (LFP) CAM and accelerate commercialization.

The funding supports Nano One’s ongoing work at its Candiac, Québec and Burnaby, British Columbia facilities through March 31, 2027. It will enable the company to continue developing different product grades of its One-Pot LFP material to meet performance requirements across EVs, energy storage systems, defense and other applications.

The next phase of Nano One’s scale-up at its Candiac facility will take its capacity from 200 tonnes per year to a minimum of 800 tonnes per year. The plant has the flexibility to expand capacity to over 1,000 tonnes annually to meet customer demand.

The project builds on existing funding support from the US Department of Defense, Next Generation Manufacturing Canada (NGen), Investissement Québec (MEIE) and Technoclimat (MELCCFP).

Japan-based Sumitomo Metal Mining is a project partner under the NRCan award and will contribute technical expertise as in-kind support.

As a demonstration facility, Candiac will also support service revenues generated from licensee operator training, continuous process improvements, and product enhancement.

“This investment strengthens our path to commercialization and reinforces Canada’s position as a leader in clean-technology manufacturing,” said Dan Blondal, CEO of Nano One.

Source: Nano One Materials