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.
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