Canadian Prime Minister Justin Trudeau visited Nano One‘s pilot facility in Burnaby BC. Trudeau was in British Columbia to announce a climate change initiative and a cut in corporate taxes for companies that develop technologies or manufacture products that have zero emissions. The target is to achieve net-zero carbon emissions by 2050.
Today’s announcement is aligned with Nano One’s focus to accelerate the adoption of lithium ion batteries and reduce carbon emissions. Nano One’s process aims to increase performance and safety while reducing the cost of battery materials for applications in advanced lithium ion batteries used in transportation, grid storage and consumer electronics. Nano One’s patented process for making cathode materials is changing the way the world makes battery materials, addressing waste, cost and performance.
The Nano One team gave the Prime Minister a tour of their pilot and laboratory facility, and they demonstrated the process of making cathode materials such as lithium iron phosphate (LFP) and lithium nickel manganese cobalt (NMC). Mr. Trudeau also participated in the assembly of electrodes and separators into lithium ion battery test cells.
“It is great to see increased support on climate change initiatives,” said Dan Blondal CEO of Nano One, “and Nano One is pleased to have the ongoing support of the Government of Canada. To date, we have been awarded over $10 million in non-dilutive non-repayable funds and this support has been critical in expanding our scientific, engineering and marketing activities as we advance towards commercialization. This support is also complementary to recently announced partnerships with Volkswagen, Pulead Technology and Saint-Gobain.”
Nano One’s pilot and partnership activities are being funded with the assistance and support of the Government of Canada through Sustainable Development Technology Canada (SDTC) and the Automotive Supplier Innovation Program (ASIP) a program of the Strategic Innovation Fund. Nano One also receives financial support from the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP). Nano One’s mission is to establish its patented technology as a leading platform for the global production of a new generation of battery materials.
