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The logic behind my confidence in Novonix to bring the cathode business to scale rapidly is the obvious void in U.S cathode manufacturing but also the national security aspect, the same reason for the U.S Gov’s funding of the Gen 3 Furnace project, they required new generation technology capable of producing high grade Synthetic Graphite efficiently and Novonix & Harper met that objective.
The result was Novonix receiving the $100m grant which covers the initial $43m cost for “the project” plus (imo) funding for 2 additional furnaces & all associated support equipment & services to achieve the expansion to 20,000t.
The overall success of the furnace project will give Novonix the competitive edge for the next round of funding which includes a focus on next generation cathode production.

Given the Hatch results confirming the significant savings on the initial equipment & set up costs amongst other operational savings, add to it that LGES have delayed their plans to begin the construction of their Cathode plant in Tennessee (they also intend this to be a complete battery hub including anode production & electrolytes etc) it leaves a potential for a co-funded project or JV of some sort for cathode materials to compliment the JDA they have for anode materials.

Chris has recently explained there’s a big difference to scaling the cathode business because the equipment required was current technology & easily scalable.
In October Chris also discussed Novonix were looking at commercialising their cathode technology within the next 6-12 months which would fit well for both LGES plans & the DOE’s funding round.