NGen Awards Nano One and Worley $2.8 Million

Next Generation Manufacturing Canada (NGen) has awarded Nano One Materials Corp. and Worley Chemetics C$2.8 million in non-dilutive funding through the Electric Vehicle Manufacturing Program (EVMP). This grant will support the development of reactors and kiln components for Nano One's One-Pot process, a patented method for producing lithium-ion batteries.

The award aims to enhance cathode active materials production, fostering equipment manufacturing and technology development in Canada. This funding will facilitate both companies in developing and marketing CAM facility packages, integrating Nano One's proprietary process into engineering designs.

Laura Leonard, President of Technology Solutions at Worley, emphasized that this collaboration will accelerate the commercial trajectory of Nano One's One-Pot process. The alliance, formed in May 2024, will focus on integrating advanced process and equipment knowledge into the CAM manufacturing ecosystem.

The One-Pot process aims to reduce costs, complexity, energy use, and environmental footprint. It combines precursor CAM, CAM, and CAM coating processes into one holistic method. This collaboration will also ensure greater intellectual property protection and reliability on equipment performance.

Dan Blondal, CEO of Nano One, expressed gratitude for NGen's support, emphasizing that the funding will accelerate technology development, commercialization, and deployment. The goal is to market and sell the CAM facility packages globally.