Zaraki KenpachiNEW YORK, May 7, 2024 /PRNewswire/ — A growing consciousness among consumers and manufacturers to reduce carbon emissions and reduce reliance on fossil fuel are among the factors fueling the demand for advanced lithium-ion batteries. Increased production of lithium batteries also led to their decreased cost over the last few years, fueling their feasibility for use in electric vehicles, which are projected to contribute to the increased demand for portable lithium-ion battery solutions. The long lifespan of lithium-ion batteries makes them ideal for use in hybrid vehicles. These batteries are also being adopted for other renewable fuel sources as storage systems for solar and wind energy. The global market for advanced lithium-ion batteries is expected to grow at a
Companies such as Nano One Materials Corp. (TSXV:NNO) (OTCPK:NNOMF), Albemarle Corporation (NYSE:ALB), Lithium Americas Corp. (NYSE:LAC) (TSX: LAC), Johnson Controls Inc. (NYSE:JCI), and Enphase Energy Inc. (NASDAQ:ENPH) are making their mark with various innovations, collaborations, and expansion processes.
Nano One Enters a Co-Development Agreement with CBMM
Nano One Materials Corp. (TSXV:NNO) (OTC:NNOMF), a clean technology company, has announced an advanced co-development agreement with niobium producer CBMM. CBMM is a global leader in the production and commercialization of niobium products and technologies.
The agreement will use niobium for coating nickel-rich cathode materials made through Nano One’s One-Pot Process. The One-Pot process is a patented technology that allows Nano One to produce low-cost, high-performance cathode materials for use in lithium-ion batteries meant for consumer electronics, energy storage, and electric vehicles.
Niobium in lithium-ion batteries forms a protective coating on the outer surface of cathode powder, thus reducing the rapid degeneration of high-performance batteries due to damaging side reactions.
“Nano One has successfully demonstrated the use of niobium as a coating for various cathode materials and has several related patents now granted and pending,” said Nano One CTO Dr. Stephen Campbell. “Our One-Pot process enables us to form coatings simultaneously with the underlying cathode material. This avoids extra steps and costs while enabling individual nanocrystals, also known as single crystals, to be coated for increased durability. With the support and partnership of CBMM, we will build on these successes and optimize our One-Pot process for the production of niobium coated nickel rich cathode materials for demanding applications such as electric vehicles.”
Nano One CEO, Mr. Dan Blondal, said, “CBMM has an impressive track record in niobium technology and business development, and we believe that upstream collaborations, such as this, add to our differentiation and offer strategic value to downstream partners as we progress towards the adoption and commercial application of our technologies.”
CBMM’s Executive Manager for Battery Products, Rogério Ribas, said, “CBMM is encouraged by Nano One’s ground-breaking innovations and capabilities, and we look forward to elevating the role of niobium in lithium-ion batteries and fostering a long-lasting and collaborative working relationship with Nano One
In an earlier release, Nano One provided an update on the joint LNMO cathode development with an undisclosed Asian producer, noting that the first two phases are complete with validation from both parties. The two companies are now proceeding to the next stage of the project.
Companies Take Steps to Ensure Their Stake in the Renewable Energy Sector
Albemarle Corporation (NYSE:ALB) in January 2024 announced the expansion of their Nevada lithium production facility in Silver Peak to allow the exploration of clays and other resources available for the commercial production of lithium. The expansion project aims to double the current production of lithium at the site between 2024 and 2025. “As a leader in the lithium industry, our priority is to optimize our world-class resources and production. This includes Silver Peak, a site uniquely positioned as the only lithium-producing resource in the United States. This investment in domestic capacity shows that we are committed to looking at the many ways in which Silver Peak can provide domestic support for the growing EV market,” said Eric Norris, Albemarle President, Lithium.
Meanwhile, Lithium Americas Corp. (NYSE:LAC) (TSX:LAC) received a Record of Decision (ROD) for the Thacker Pass lithium project after the company completed the National Environmental Policy Act process. The ROD is an important milestone in the development of the Thacker Pass Process. Commenting about the ROD, CEO and President Jon Evans said, “The issuance of the ROD is the culmination of over 10 years of hard work from the Thacker Pass team, as well as the BLM and other federal, state, and local agencies, all of whom worked tirelessly to ensure their respective commitments to environmental stewardship and community engagement. With the federal permitting process complete, our focus is on advancing the financing process including discussions with potential strategic partners.”
A global leader in smart, healthy, and sustainable buildings, Johnson Controls Inc. (NYSE:JCI) announced the launch of a lithium-ion risk prevention system. This system is designed to provide an early-warning detection of battery failure in lithium-ion energy storage systems. The system will monitor and mitigate battery failure before the battery presents a fire threat. Johnson’s system continuously monitors the battery racks for the presence of lithium-ion off-gases, which are released upon cell malfunction. Once the system detects these off-gases, it automatically sends the battery management system a signal to shut down the affected battery stacks, preventing thermal runaway.
Enphase Energy Inc. (NASDAQ:ENPH), a leader in energy management technology, announced an expansion of their partnership with Momentum Solar to include battery storage. “Momentum is proud to expand its strategic partnership with Enphase into home energy storage, offering our customers a unified platform designed for safe, reliable, and uninterrupted power,” said Arthur Souritzdis, CEO of Momentum Solar. Enphase’s solar storage option features an LFP battery chemistry for a longer-lasting battery.
Companies in the renewable energy market, such as Nano One Materials Corp., are taking steps that will see them benefit from the growing demand for eco-friendly energy sources.
To learn more about Nano One Material Corp, click here.
Disclaimer: Microsmallcap.com (MSC) is the source of the Article and content set forth above. MSC owns and operates StreetSignals.com. References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with MSC or any company mentioned herein. The commentary, views and opinions expressed in this release by MSC are solely those of MSC and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable MSC and FNM for any investment decisions by their readers or subscribers. MSC and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.
The Article and content related to the profiled company represent the personal and subjective views of the Author (MSC), and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author (MSC) has not independently verified or otherwise investigated all such information. None of the Author, MSC, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer’s filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer’s securities, including, but not limited to, the complete loss of your investment. FNM was not compensated by any public company mentioned herein to disseminate this press release but was compensated twenty five hundred dollars by MSC, a non-affiliated third party to distribute this release on behalf of Nano One Materials.
FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MSC and FNM undertake no obligation to update such statements.
https://webhitlist.com/forum/topics/cnvcvnn-xbxcbb
https://webhitlist.com/forum/topics/cnvcvnn-xbxcbb
http://beterhbo.ning.com/forum/topics/xcbxcb-xvzzxzxv-xvzx
http://network-marketing.ning.com/forum/topics/bcxvncvn-xcxcxcb-zxvxv
