Nano One Provides Update on Joint Development Work with Pulead
April 02 2019 - 5:03AM
(TSX-V: NNO) (OTC-Nasdaq Intl
Designation: NNOMF) (Frankfurt: LBMB).
The CEO of Nano One Materials Corp., Mr. Dan Blondal, is pleased to
provide an update on the progress of its partnership with Pulead
Technology Industry, announced January 25. The objective of this
joint development effort is to identify a viable supply chain and
design a low cost lithium iron phosphate (LFP) plant using Nano
One’s proprietary processes.
“After two months, our teams are working well together and
developments at the lab and pilot scale are moving along at a good
pace. We have identified viable raw materials, are refining our
processes, and are evaluating resulting materials against target
specifications,” said Mr. Blondal. “Performance targets and
economic modeling remain on track as we optimize Nano One’s
innovative process for the commercial production of LFP.”
LFP represents a tremendous market opportunity for Nano One:
- Market demand for LFP is anticipated to double to over 200,000
tonnes/yr in 20251.
- Chinese Ministry of Industry and Information Technology said
that 61% of passenger vehicles and 94% of busses will use LFP
batteries2.
- Pulead is a global leader in LFP production and are expanding
their capacity to capture a greater portion of the LFP growth
opportunity.
- LFP is widely considered to be the safest, lowest cost and
longest lasting of all battery cathode materials.
- LFP is a dominant cathode material in electric buses, mid-range
electric automobiles and fleet vehicles.
- Nano One believes LFP will garner a substantial share of the
electrical grid energy storage systems (ESS) market where cost,
safety and longevity drive purchase decisions. For example, BYD,
who leads the world in e-buses and e-cars, recently signed a deal
with finance group Pireos Capital which could see up to 100MWh of
its LFP battery storage systems deployed in Mexico3.
- LFP could become a cost competitive and environmentally
superior alternative to lead-acid batteries, opening a $40B market
opportunity that includes energy storage systems (ESS), telecom,
hybrid EVs, forklifts, bikes and power tools.
“These are large opportunities,” adds Mr. Blondal, “and they
address emissions targets head-on with growth in new and existing
markets, as well as replacement units for large consumer and
industrial fleets of vehicles and energy storage systems. LFP is
well positioned to serve these markets because it is low cost, safe
and durable, with low environmental impact and security of supply
chain that avoids riskier materials such as cobalt. Pulead is a
significant and respected LFP cathode producer and as their joint
development partner, we are excited to be at the forefront of these
emerging markets.”
While LFP clearly represents Nano One’s near term market
opportunity, Nano One continues to develop additives and coatings,
in collaboration with various global automotive interests, to
improve the longevity and stability of NMC (lithium, nickel,
manganese and cobalt) and HVS (high voltage spinel) for solid state
batteries and other advanced lithium ion batteries.
Nano One Materials Corp.
Dan Blondal, CEO
For information with respect to Nano One or the contents of this
news release, please contact John Lando (President) at (604)
420-2041 or visit the website
at www.nanoone.ca.
About Pulead
Established in 1999 by Oriental Investment Co. Ltd and Peking
University, Pulead Technology Industry is one of China’s leading
Li-ion battery cathode producers. Together with its strategically
positioned subsidiaries and JVs in cathodes and separators as well
as in upstream lithium resources and downstream large format
battery packs, Pulead is becoming a key player in the Li-ion
battery supply
chain. www.pulead.com.cn/en/
About Nano One
Nano One Materials Corp (“Nano One” or “the Company”) has
developed patented technology for the low-cost production of high
performance lithium ion battery cathode materials used in electric
vehicles, energy storage and consumer electronics. The processing
technology addresses fundamental supply chain constraints by
enabling wider raw materials specifications for use in lithium ion
batteries. The process can be configured for the full range of
cathode materials and has the flexibility to shift with emerging
and future battery market trends.
Nano One has built a pilot plant to demonstrate high volume
production and to optimize its technology across a range of
materials. The pilot plant is being funded with the assistance and
support of the Government of Canada through Sustainable Development
Technology Canada (SDTC) and the Automotive Supplier Innovation
Program (ASIP) a program of Innovation, Science and Economic
Development Canada ISED). Nano One also receives financial support
from the National Research Council of Canada Industrial Research
Assistance Program (NRC-IRAP). Nano One’s mission is to establish
its patented technology as a leading platform for the global
production of a new generation of battery materials.
www.nanoone.ca
1 |
K. Berman, J. Dziuba, C. Hamilton, J. Jackson, R. Carlson, P.
Sklar, “The Lithium Ion Battery and the EV
Market”, Toronto February 2018 |
|
K. Berman, C. Hamilton, J. Jackson, R. Carlson,
“Next Generation Cathode Technologies”, BMO
Capital Markets, Toronto October 2018 |
|
C. Pillot, “The Rechargeable Battery
Market and Main Trends 2017-2025”, Avicenne Energy, AABC
San Diego June 2018 |
|
T. Hoff, S. Ding, V. Leung, S. Hoon Han, C. Kim,
C. Terry, “Notes from the road: Jostling for position in
the EV supply chain”, Deutsche Bank Research, Sydney
October 2018 |
|
M. Sanders, “Industrial Markets North
America”, Avicenne Energy, NAAT Baat International Annual
Meeting 2019, San Diego March 2019 |
2 |
Lithium Today, “Lithium Market
Wire”, 20 March 2019,
http://lithium.today/lithium-market-wire-read/ |
3 |
https://www.energy-storage.news/news/byd-in-mexico-chinese-company-signs-100mwh-deal-with-investment-fund |
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