The market definitely likes the latest news that Nano One Materials Corp. (TSXV: NNO) has obtained conditional approval to enter the Toronto Stock Exchange under the new trading symbol "NANO", as the stock price rose by 13% yesterday, which is impressive. Perhaps this reflects the market's interest in the exciting potential of this interesting clean technology innovator.
First of all, Nano One is a technology company with a patented process for low-cost production of high-performance cathode materials for lithium-ion batteries. As you know, batteries will power almost every battery electric car and store electricity from all renewable energy sources and all portable electronic devices. In other words, a fairly large addressable market. Nano One is showing the world that they have a better cathode coating design for lithium-ion batteries.
All lithium-ion batteries have cathode materials, and it is estimated that the cathode accounts for about 25% of the entire battery cost. This is where Nano One is dedicated to reducing costs and improving efficiency. The company’s panacea (this is a way of expression, I don’t think it involves any silver) is the patented "One Pot Process", which simplifies the production process, thereby reducing costs, and at the same time, compared with the standard manufacturing process, it can achieve Higher performance cathode material.
The cost reduction comes from the process being able to directly convert metals (lithium, nickel, cobalt, and manganese) into cathode powder without converting them into sulfates or lithium hydroxides. This leads to a reduction in the cost of raw materials and energy input, thereby making the overall environment more environmentally friendly and a lower carbon footprint. For cathode materials, thousands of dollars in cost can be saved per ton.
The One Pot process also helps in terms of performance. As the battery is charged and discharged, the traditional polycrystalline cathode particles begin to crack due to the stress of repeated charging. Over time, this destroys the protective coating and exposes the inside of the crystal to side reactions. This will reduce the range, life and power of the battery. The Nano One process individually coats nanocrystals, and the nanocrystals are formed in one step and prevent cracking, thereby improving durability and improving performance throughout the life cycle.
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Source: Nano One Materials company introduction
The technology has been proven effective on multiple occasions, including a joint development plan focusing on LNMO cathode materials (lithium nickel manganese oxide), which has been successfully completed and has received a multi-billion dollar Asian cathode Validation of material manufacturers and cooperation with universities. Michigan State on the development of innovative solid-state battery technology to highlight recent updates. In addition, the company has also established strategic cooperation with Volkswagen (a large undisclosed American car manufacturer), Pritech Industries (a highly respected Chinese cathode manufacturer) and Saint-Gobain (a 400-year-old materials company) Partnerships. In February, Nano One announced its M2CAM (Metal to Cathode Active Material) program to discuss with large integrated miners to reduce the environmental footprint and maximize the upstream value of the global battery supply chain.
As you can see, this company ticked off for a greener and cleaner world. The best part is that they have enough cash to continue continuous R&D, pilot plant expansion, business development, and strategic planning. They raised $29 million in early April and they completed $30 million in working capital in the first quarter. /21 and. Nano One seems to have the right solution at the right time. If the new green economy seriously considers reducing its carbon footprint, we all know who should be in the first place.
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Dean Bristow has been in the North American crude oil business for 30 years, including energy trading, infrastructure development, transportation and refining. During that time... <Read more about Dean Bristol>
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