- Nano One Materials Corp. (NANO) has reached the second milestone of its “Scaling Advanced Battery Materials” project
- The project is jointly funded by Sustainable Development Technology Canada (SDTC) and the British Columbia Innovative Clean Energy (ICE) fund
- Nano One’s technology is applicable to electric vehicles, energy storage, consumer electronic and next-generation batteries in the global push for a zero-emission future
- Nano One Materials Corp. (NANO) is up 13.30 per cent, trading at $4.43 per share
Nano One (NANO) has reached the second milestone of its “Scaling Advanced Battery Materials” project.
The project is jointly funded by Sustainable Development Technology Canada (SDTC) and the British Columbia Innovative Clean Energy (ICE) fund.
Dan Blondal, CEO of Nano One, commented on the milestone.
“Within milestone 2, Nano One has strengthened our process for both Lithium Iron Phosphate (LFP) and Nickel Manganese Cobalt (NMC) cathode materials,” he explained. “Nano One is now focused on milestone 3 which involves economic modeling and scaled up demonstration of both LFP and NMC.”
Nano One’s technology is applicable to electric vehicles, energy storage, consumer electronic and next generation batteries in the global push for a zero-emission future.
Its coated nanocrystal materials and its Metal to Cathode Active Material (M2CAM) technologies address fundamental performance needs and supply chain constraints while reducing costs and carbon footprint.
“Through the B.C. Innovative Clean Energy Fund, we are supporting made-in-B.C. innovations that will help grow our world-leading cleantech sector and create good jobs,” said Bruce Ralston, minister of energy, mines, and low carbon innovation.
“Nano One’s project will help grow our local electric vehicle sector and support our transition to a low-carbon economy,” he added.
The SDTC is a flagship program that funds Canadian entrepreneurs. The program has created jobs, growth, and long-term prosperity for Canada.
The B.C. ICE Fund was designed to support the province’s energy, economic, environmental and greenhouse gas reduction priorities, and to advance B.C.’s clean energy sector.
Nano One Materials is a clean technology company with a patented, scalable, and low carbon intensity industrial process for the production of lithium-ion battery materials.
Nano One Materials Corp. (NANO) is up 13.30 per cent, trading at $4.43 per share as of 2:47 pm ET.
