Nano One Materials Group nabs $2 Million in funding for cathode active material production

Nano One Materials Corp., a company developing processes around cathode active material production, and Worley Chemetics, its chemical and energy services partner, have been awarded $2.8 million CAD ($2 million USD) in non-dilutive and non-repayable funding by Next Generation Manufacturing Canada (NGen) through its Electric Vehicle Manufacturing Program (EVMP).

The funding will advance a new project to help both companies develop, market, and sell CAM facility packages that incorporate Nano One’s proprietary One-Pot process into a process engineering design package.

Nano One formed a strategic alliance this year with Worley to develop, market, and sell CAMs incorporating Nano One’s patented One-Pot process for cathode production.

The company reports that its One-Pot process combines precursor CAM (pCAM), CAM, and CAM coating processes into one holistic process using secure and resilient supply chains while reducing cost, complexity, energy use, and environmental footprint. They also say that elimination of wastewater and harmful by-products has the potential to reduce the cost, time, and risk of permitting CAM facilities, to enable designs that can be constructed on a wide range of sites and expedite financial decisions and growth potential.

The project’s goal is to integrate both companies’ advanced process and equipment knowledge into the CAM manufacturing ecosystem, enabling the joint marketing and sale of equipment in Canada and around the world. Design specifications will be determined through rigorous reactor studies, analysis, and selection of appropriate materials of construction, ensuring compatibility with feedstocks and reagents, as well as operating conditions.