NOVONIX opens new pilot facility for production of lithium-ion battery materials
Government of Canada helps purchase specialized equipment for expansion to Burnside Industrial Park
March 9, 2022 · Dartmouth, Nova Scotia · Atlantic Canada Opportunities Agency (ACOA)
Atlantic Canadian businesses are adapting operations and seeking new opportunities to stay on the cutting edge of innovation and boost growth. That is why the Government of Canada is investing to help NOVONIX develop and scale up a new production method for cathode materials, an essential component in lithium-ion batteries used in electric vehicles.
Nova Scotia firm is developing new method for cleaner, cost-competitive battery materials
Today, the Honourable Ginette Petitpas Taylor, Minister of Official Languages and Minister Responsible for ACOA, announced a repayable contribution of $1,000,000 to NOVONIX Battery Technology Solutions Inc. (NOVONIX). The Minister was joined by Darren Fisher, Parliamentary Secretary to the Minister of Seniors and Member of Parliament for Dartmouth—Cole Harbour.
This contribution will help NOVONIX purchase specialized equipment for a 35,000 square foot facility in the Burnside Industrial Park where it will pilot a cost-effective and environmentally friendly method for cathode material production. This facility is expected to enable the company to demonstrate its method is scalable and commercially viable for an ever-expanding marketplace focused on electric vehicles and large scale energy storage.
Today’s announcement further demonstrates the Government of Canada’s commitment to bring businesses and researchers together to find innovative solutions to today’s challenges, reducing negative side effects on the environment, while helping the economy thrive.
“Innovative, clean technologies, like those developed by NOVONIX, are helping Atlantic Canadian businesses adapt, grow, and compete globally. By supporting the trailblazing companies leading the way, the Government of Canada is ensuring a strong, sustainable recovery and a greener economy.”
- The Honourable Ginette Petitpas Taylor, Minister of Official Languages and Minister responsible for ACOA
“The clean technology industry is booming in Dartmouth—Cole Harbour, and NOVONIX is leading the way in clean battery technology. They’re helping meet the world’s energy needs in a more environmentally friendly and cost-effective way. As they continue to develop new production methods and expand their research, NOVONIX is bringing more highly skilled jobs to Dartmouth and across the Halifax Regional Municipality.”
- Darren Fisher, Parliamentary Secretary to the Minister of Seniors and Member of Parliament for Dartmouth—Cole Harbour
“We applaud that the Canadian government understands the importance of developing a local battery materials supply chain and why it is necessary to partner with technology companies like NOVONIX to grow and compete on a global scale. We have been critically focused on technologies and materials that support long-life, high-performance applications. That is why we are excited to have ACOA supporting this expansion and our continued investment in our activities here in Nova Scotia. This contribution will help us move more quickly and bring equipment and people to the team to work towards demonstrating the scalability of our cathode synthesis technology.”
- Dr. Chris Burns, Co-founder and CEO, NOVONIX
Established in 2013, NOVONIX has grown from eight to more than 55 employees including scientists, engineers and software designers. By summer, it expects to have close to 70 highly skilled employees and about 100 by this time next year.
The company began moving into a 35,000 square foot facility in Burnside Industrial Park on March 5, 2022 while maintaining operations at its facility in Bedford. The Burnside facility will focus on process technology to make materials that go into batteries. At the Bedford facility, the company builds and tests new materials and batteries using its cell pilot line.
With the addition of cathode materials, NOVONIX would be a producer of the three main components of lithium-ion batteries. Its U.S.-based sister company produces artificial graphite anode. The company has customers in 14 countries.
Novonix co-founder and CEO Dr. Chris Burns rang the Nasdaq closing bell on February 24, 2022 to commemorate the company’s recent listing under the ticker NVX.
The funding announced today is provided through the Atlantic Canada Opportunities Agency’s (ACOA) Regional Economic Growth through Innovation (REGI) Jobs and Growth program.
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