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 satisfied all physical and electrochemical requirements. The continuous output from a single Generation 3 Furnace, producing multiple tonnes of material, met the product graphitization target.
The company is updating the facility’s production target to up to 20,000 tons per annum (tpa), from 10,000 tpa. KORE Power and other prospective customers will benefit from this updated throughput and the company expects engineering work to validate the redesign in the first quarter of 2024. NOVONIX aims to deploy additional mass production equipment for the start of commercial production for KORE Power in late 2024.
NOVONIX is working with the US Department of Energy and government initiatives like the 45X Advanced Manufacturing Production Credit to enhance its cost structure.
“The results of our ongoing production campaigns clearly demonstrate NOVONIX’s path to profitable production through graphitization furnace technology,” said Dr. Chris Burns, CEO of NOVONIX. “Over several production campaigns, the furnaces delivered in-spec product at a mass scale, reaching our target design throughputs.”