Global Infrastructure SherpaNano One Materials awarded $3 million from Natural Resources Canada for LFP cathode material supply
Nano One Materials has been awarded $3 million from Natural Resources Canada (NRCan) under its Energy Innovation Program. The funds will support process optimization, supply chain diversification, and enhanced commercial offerings for the production of lithium iron phosphate (LFP) cathode active materials (CAM) using its One-Pot process through March 2028. This financing aims to bring cost-competitive and scalable LFP processing technology alternatives to markets, strategic partners, and customers globally, enhancing commercial offerings and supply chain solutions for EV, defense, and energy storage systems.
Counterparts (2)
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- $3 million financing awarded by Natural Resources Canada.
- Funds specifically target LFP cathode active materials using Nano One's 'One-Pot' process.
- Project timeline extends through March 2028.
- Aims to enhance supply chain solutions for EV, defense, and energy storage systems.
Source Intelligence
The funds will support process optimization, supply chain diversification, and enhanced commercial offerings for the production of lithium iron phosphate (LFP) cathode active materials (CAM) using its One-Pot process through March 2028. Quote: "The company will use the funds to support ongoing process optimization, supply chain diversification and enhanced commercial offerings for the production of lithium iron phosphate (LFP) cathode active materials (CAM) using its One-Pot process through March 2028." The funds are from Natural Resources Canada (NRCan) under its Energy Innovation Program. Quote: "has been awarded $3 million from Natural Resources Canada (NRCan) under its Energy Innovation Program." Sumitomo Metal Mining is a strategic shareholder in Nano One. Quote: "Sumitomo Metal Mining, which is a strategic shareholder in the company, will contribute technical expertise, testing and external validation for the program." The process development work will focus on iron feedstock. Quote: "The process development work will focus on iron feedstock, using the Nano One R&D facility in Burnaby, British Columbia and its pilot and demonstration facilities in Candiac, Québec." Nano One is optimizing the technology for the commercial production of LFP across three core markets: EVs, defense, and energy storage systems. Quote: "Nano One is optimizing the technology for the commercial production of LFP across three core markets: EVs, defense, and energy storage systems."
"Nano One Materials , a process technology company specializing in cathode active materials for lithium‑ion batteries, has been awarded $3 million from Natural Resources Canada (NRCan) under its Energy Innovation Program."
"Nano One Materials , a process technology company specializing in cathode active materials for lithium‑ion batteries, has been awarded $3 million from Natural Resources Canada (NRCan) under its Energy Innovation Program."
"Sumitomo Metal Mining, which is a strategic shareholder in the company, will contribute technical expertise, testing and external validation for the program."
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