on Nano One Materials Corp. (NASDAQ:NNOMF)
Nano One and Worley Provide Insights into Strategic Partnership and Market Opportunities
June 20, 2024 - Nano One Materials Corp. has announced a strategic partnership with Worley to deploy cost-competitive cathode active materials (CAM) for lithium-ion batteries globally. Senior executives from both companies provide insights through a video update, highlighting a design that eliminates waste treatment for low-cost, rapidly deployable plants.
The collaboration aims to leverage supply chain relationships and scale economies, focusing on Lithium Iron Phosphate (LFP) due to its projected significant market growth. Nano One emphasizes the partnership’s role in reducing cost, energy use, and environmental impact.
Dan Blondal, CEO of Nano One, mentioned developing a standardized engineering design package to speed up decisions and implementation of One-Pot enabled cathode production plants worldwide. Meanwhile, Laura Leonard from Worley expressed excitement about promoting low-carbon solutions through this alliance.
Recent reports underscore LFP's importance in energy storage systems (ESS) and electric vehicles (EV), supporting Nano One’s strategic direction.
R. E.
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