Cost stays an important obstacle in the adoption of electrical automobiles, and Nano One Products’ (TSX: NANO, OTC Pink: NNOMF, FWB: LBMB) ingenious cathode production innovation for lithium-ion batteries might possibly resolve this, according to Alex Holmes, the business’s chief running officer.
Nano One Products is advancing its trademarked One-Pot Process for the sustainable production of lithium-ion battery cathode products. Holmes discussed that the existing cathode production procedure, which has actually remained in usage for years, was not made to sustain today’s battery market. A few of the system’s faults are that it is pricey, inefficient, energy ineffective, takes in a great deal of water and has a CO2 footprint– all issues that Nano One’s trademarked One-Pot Process addresses.
” What we have actually innovated is the production procedure for (cathodes),” Holmes stated. “So we have the ability to utilize lower-cost basic materials, and we have actually likewise had the ability to drive performances to lower the processing expenses and the capital expenses. Therefore taken as an entire, there is an effect eventually to the end automobile.”
Nano One’s One-Pot Process can make all the significant cathode chemistries in addition to some special ones, Holmes stated. “One cathode product that we’re particularly concentrated on now for business strategies in Québec is the iron-rich cathode product referred to as LFP (lithium-iron-phosphate). It has a great deal of fundamental product advantages. It’s a lot much safer. It’s a lot more steady thermally than high-nickel chemistries. It’s likewise a lot lower (in) expense.”
The business just recently signed a cooperation arrangement with Sumitomo Metal Mining (TSE: 5713) to, to name a few things, speed up the advancement of Nano One’s proposed LFP production-scale pilot plant and its very first business LFP plant, and the piloting of nickel- and manganese-rich cathodes. The arrangement likewise consists of a C$ 16.9 million equity financial investment by Sumitomo.
View the complete interview with Nano One Products Chief Operating Officer Alex Holmes above.
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