Connect with us

Hi, what are you looking for?

Alive Business PlanAlive Business Plan

Editor's Pick

Nano One Materials’ One-Pot Process Could Help Address Affordability Challenge in EV Adoption, COO Says

Affordability remains a crucial challenge in the adoption of electric vehicles, and Nano One Materials’ (TSX:NANO,OTC Pink:NNOMF,FWB:LBMB) innovative cathode manufacturing technology for lithium-ion batteries could potentially address this, according to Alex Holmes, the company’s chief operating officer.

Nano One Materials is advancing its patented One-Pot Process for the sustainable production of lithium-ion battery cathode materials. Holmes explained that the current cathode manufacturing process, which has been in use for decades, was not made to sustain today’s battery industry. Some of the system’s faults are that it is costly, wasteful, energy inefficient, consumes a lot of water and has a CO2 footprint — all problems that Nano One’s patented One-Pot Process addresses.

“What we’ve innovated is the manufacturing process for (cathodes),’ Holmes said. ‘So we’re able to use lower-cost raw materials, and we’ve also been able to drive efficiencies to reduce the processing costs and the capital costs. And so taken as a whole, there is an impact ultimately to the end vehicle.’

Nano One’s One-Pot Process can make all the major cathode chemistries along with some unique ones, Holmes said. “One cathode material that we’re specifically focused on now for commercial plans in Québec is the iron-rich cathode material known as LFP (lithium-iron-phosphate). It has a lot of inherent material benefits. It’s a lot safer. It’s a lot more stable thermally than high-nickel chemistries. It’s also a lot lower (in) cost.”

The company recently signed a collaboration agreement with Sumitomo Metal Mining (TSE:5713) to, among other things, accelerate the development of Nano One’s proposed LFP production-scale pilot plant and its first commercial LFP plant, and the piloting of nickel- and manganese-rich cathodes. The agreement also includes a C$16.9 million equity investment by Sumitomo.

Watch the full interview with Nano One Materials Chief Operating Officer Alex Holmes above.

The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Nano One Materials and seek advice from a qualified investment advisor.

This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.

This post appeared first on investingnews.com
Enter Your Information Below To Receive Latest News, And Articles.



    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Economy

    Bitcoin Rebounds to $69,000 Quick Look Bitcoin rebounds to $69,000, influenced by optimistic FR statements and anticipation of the halving event. FR officials’ comments...

    Latest News

    Donald Trump’s defense attorneys Wednesday asked the federal judge handling the government’s classified documents case to allow the former president and his legal team...

    Economy

    0xDistro ICO (DISTRO) is Live. What does it offer? In the world of decentralized finance, 0xDistro emerges as a promising project. It presented itself...

    Economy

    Великобритания вышла из рецессии с ростом на 0,6 %, опередив прогнозы Краткий обзор: Экономика Великобритании выросла на 0,6 % в первом квартале, превысив прогнозы...



    Disclaimer: alivebusinessplan.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 alivebusinessplan.com