Media Watch - NVX related, page-4968

NGen Supports Battery Materials Development Capabilities on Canada’s East Coast


https://www.globenewswire.com/news-...ment-Capabilities-on-Canada-s-East-Coast.html

HAMILTON, Ontario, Dec. 07, 2021 (GLOBE NEWSWIRE) -- Next Generation Manufacturing Canada (NGen), the industry-led organization behind Canada’s Advanced Manufacturing Supercluster, has announced $1.675 million in funding towards a nearly $18 million investment in facilities, equipment and people led by NOVONIX Battery Technology Solutions Inc., to develop a world leading Battery Materials Development and Manufacturing facility.

NOVONIX Battery Technology Solutions was grounded by graduates of Dr. Jeff Dahn’s research group at Dalhousie University and specializes in battery research, cell testing, and materials development. Along with partner, Well Engineered Inc., NOVONIX will build a state-of-the-art facility in Dartmouth, Nova Scotia, further developing its world-class battery materials capability. This transformative project will lead to a simplified manufacturing flow sheet, lowering the overall cost, and decreasing the environmental footprint of cathode manufacturing.

The new facility will play a key role in building a Canadian battery materials supply chain, limiting the current dependence on Asia and capitalizing on the tremendous growth in this sector created by the increased demand for electric vehicles and grid energy storage.

“The technology developed by NOVONIX is transformational and the company has already made a significant commitment to growth,” said Jayson Myers, CEO, NGen. “NGen funding allows NOVONIX to increase the project scope and to move more rapidly, bringing in partners and growing the advanced manufacturing ecosystem to support the global movement towards sustainability.”

This project is part of a growing portfolio of NGen-funded advanced manufacturing initiatives under Canada’s Innovation Supercluster Initiative. To date, NGen has approved investments of $209 million in 135 projects leveraging a total of $515 million in new innovation spending. NGen continues to invest in collaborative, transformative manufacturing and technology projects that will leave a lasting legacy for Canada’s advanced manufacturing ecosystem.