Affordability stays a vital problem within the adoption of electrical automobiles, and Nano One Supplies’ (TSX:NANO,OTC Pink:NNOMF,FWB:LBMB) modern cathode manufacturing expertise for lithium-ion batteries might probably tackle this, in accordance with Alex Holmes, the corporate’s chief working officer.
Nano One Supplies is advancing its patented One-Pot Course of for the sustainable manufacturing of lithium-ion battery cathode supplies. Holmes defined that the present cathode manufacturing course of, which has been in use for many years, was not made to maintain immediately’s battery trade. Among the system’s faults are that it’s expensive, wasteful, power inefficient, consumes a whole lot of water and has a CO2 footprint — all issues that Nano One’s patented One-Pot Course of addresses.
“What we’ve innovated is the manufacturing course of for (cathodes),” Holmes stated. “So we’re ready to make use of lower-cost uncooked supplies, and we’ve additionally been in a position to drive efficiencies to cut back the processing prices and the capital prices. And so taken as a complete, there may be an affect in the end to the top automobile.”
Nano One’s One-Pot Course of could make all the main cathode chemistries together with some distinctive ones, Holmes stated. “One cathode materials that we’re particularly centered on now for industrial plans in Québec is the iron-rich cathode materials generally known as LFP (lithium-iron-phosphate). It has a whole lot of inherent materials advantages. It’s lots safer. It’s much more secure thermally than high-nickel chemistries. It’s additionally lots decrease (in) value.”
The corporate lately signed a collaboration settlement with Sumitomo Metallic Mining (TSE:5713) to, amongst different issues, speed up the event of Nano One’s proposed LFP production-scale pilot plant and its first industrial LFP plant, and the piloting of nickel- and manganese-rich cathodes. The settlement additionally features a C$16.9 million fairness funding by Sumitomo.
Watch the total interview with Nano One Supplies Chief Working Officer Alex Holmes above.
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