Nano One® Materials Corp. (Nano One), a clean technology innovator in battery materials, and Johnson Matthey (JM), a sustainable technologies company, have announced a joint development agreement. Under the agreement, the companies will co-develop next-generation products and processes for Johnson Matthey’s eLNO® family of nickel-rich advanced cathode materials using Nano One’s patented One-Pot process and coated nanocrystal technology. The aim is the low-cost, low-carbon footprint production of high-performance lithium-ion battery cathode materials.
Nano One Materials Corp (“Nano One”) is a clean technology company with a patented, scalable and low carbon intensity industrial process for the low-cost production of high-performance lithium-ion battery cathode materials. The technology is applicable to electric vehicles, energy storage, consumer electronics and next-generation batteries in the global push for a zero-emission future.
Nano One’s patented One-Pot process is designed to form a type of cathode material known as “coated single crystal” which can deliver increased durability. The company says the process will also enable these materials to be made directly from metal powders and lithium carbonate to address cost, energy and sustainability objectives across the entire lithium-ion battery supply chain.
Mr Dan Blondal, Nano One CEO, said, “Johnson Matthey is a global leader in advanced lithium-ion cathode materials, and we are proud to be working with them in the pursuit of high performance, long life cycles, low-carbon footprint and environmentally sustainable solutions. We share a common vision to develop and commercialize a highly differentiated and value-added cathode materials business and we are delighted to be introducing Johnson Matthey as a trusted partner and collaborating on process innovation for a new generation of lithium-ion battery materials. Our business is primed for such opportunities and we look forward to advancing this partnership and its joint development program”.
The agreement will focus on developing materials, methods of production and a detailed commercialization study for pre-pilot, pilot and scaled-up manufacturing. The agreement is the culmination of successful technical reviews and preliminary evaluations of both Nano One’s high nickel cathode materials and IP conducted over the past year and represents a significant milestone in the business relationship between both companies.
Christian Gunther, Chief Executive, Battery Materials at Johnson Matthey added: “We are encouraged by Nano One’s innovations and believe its technology has the potential to offer significant advantages in terms of product performance, sustainability and manufacturing cost for our eLNO® family of advanced cathode materials. We are looking forward to building business opportunities and a long-lasting collaborative working relationship”.
Johnson Matthey is commercialising eLNO® and expect it to be ready to power hybrid and battery electric vehicles in 2024. Its first manufacturing plant, currently under construction in Poland will initially supply 10,000 MT per year of eLNO®, equivalent to ~100,000 electric vehicles. The construction of its second plant is scheduled for later this year, and will initially supply 30,000MT pf eLNO® per year.