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Briefing

Novonix gets $1M to expand battery business

The company, which also makes testing equipment and battery anodes, will expand its cathode material business with a 35,000-square-foot Nova Scotia pilot plant. The federal government’s repayable contribution will go toward purchasing equipment in hopes it will be “commercially viable for an ever-expanding marketplace focused on electric vehicles and large-scale energy storage.” (The Logic)

Briefing

Novonix gets $1M to expand battery business

By Anita Balakrishnan
Mar 10, 2022
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The company, which also makes testing equipment and battery anodes, will expand its cathode material business with a 35,000-square-foot Nova Scotia pilot plant. The federal government’s repayable contribution will go toward purchasing equipment in hopes it will be “commercially viable for an ever-expanding marketplace focused on electric vehicles and large-scale energy storage.” (The Logic)

Talking point: Three’s a trend, and this is Canada’s third cathode materials announcement in a week, though the latest is a demonstration plant of a new method. Novonix has long been considered one of Canada’s top battery-technology firms thanks to leadership by former senior Tesla engineer Chris Burns, as well as top battery scientist Jeff Dahn. The expansion means it now makes all three main battery components, and the only mass-produced battery-grade graphite parts in North America. “The demand for all battery components is significant and still growing,” Burns told The Logic. “In North America we, and the industry at large, face the challenge of almost no existing supply chain.”

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