The project will receive C$500,000 of support from the Canadian government
Clean technology solutions are globally competitive and reduce negative side effects on the environment, while generating economic wealth. Determined to make better, more cost effective, long-life batteries, Novonix Battery Testing Services Inc. is researching new battery chemistries to help meet the world’s clean energy needs and save money for companies and consumers.
Already a leader in high precision battery testing, supplying products and services to Apple, CATL, 3M, Panasonic and GM, among others, Novonix is adding a pilot manufacturing programme to accelerate the research and development of new and improved battery materials.
The company is getting ready to meet the expected growth in demand for highly-efficient batteries, specifically for electric vehicles, in the coming years as battery prices drop and restrictions on diesel and gasoline powered cars mount. The project will help position Nova Scotia as one of the world’s leading hubs for lithium-ion battery electrolyte research.
Darrell Samson, Member of Parliament for Sackville-Preston-Chezzetcook, on behalf of Minister of Innovation, Science and Economic Development and minister responsible for the Atlantic Canada Opportunities Agency (ACOA) Navdeep Bains, announced Canadian government support of C$500,000 to Novonix to help it expand its capability to include battery manufacturing and continue to improve battery performance.
This investment builds on commitments made by the government of Canada and the four Atlantic Provinces to drive economic growth in the region through the Atlantic Growth Strategy, which supports strategic investments in initiatives that build on the region’s competitive advantages, such as its strong export potential, growing innovation network and skilled workforce.
“Novonix’s trail-blazing clean-tech work is helping to meet the world’s energy needs, while leaving a cleaner environment for future generations and creating a more vibrant, prosperous future for Atlantic Canadians. The government of Canada is committed to making further investments toward a healthy and sustainable low carbon economy,” said Bains.