Nano One looks to be a winner as they work to make a better lithium-ion battery
It’s been an exciting few weeks in the world of nanotechnology and lithium-ion batteries. The Royal Swedish Academy of Sciences has awarded the Nobel Prize in Chemistry for 2019 to the developers of the lithium-ion battery.
The foundation of lithium-ion battery development was laid during the oil crisis in the 1970s; however, its importance has grown each decade. Given we are now entering the electric vehicle boom, our dependence on the lithium-ion battery will grow even greater. The 2019 Nobel Prize in Chemistry was awarded to the following 3 Scientists; John B. Goodenough, M. Stanley Whittingham, and Akira Yoshino.
Stanley Whittingham started to research superconductors and discovered an extremely energy-rich material, which he used to create an innovative cathode in a lithium battery. John Goodenough predicted that the cathode would have even greater potential if it was made using a metal oxide instead of a metal sulfide and by using Goodenough’s cathode as a basis, Akira Yoshino created the first commercially viable lithium-ion battery in 1985.
The 2019 Nobel Prize for Chemistry was awarded to the 3 inventors of the lithium-ion battery
Nano One could be the next winner
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Canada’s Nano One Materials Corp. (TSXV: NNO) has the potential to make today’s lithium-ion battery much better using nanotechnology. Nano One has developed powerful technologies that are fully patented. Nano One uses a scalable industrial process for producing low cost, high performance, battery materials. Now that’s a winning formula and means that one day Nano One could potentially also be receiving awards for chemistry.
The Nano One process aims to increase performance and safety while reducing the cost of battery materials for applications in advanced lithium ion batteries used in transportation, grid storage and consumer electronics.
Nano One gets a visit from Canadian Prime Minister Justin Trudeau
You know you are doing something right if the Prime Minister comes to check out your work. Nano One were very excited to receive a personal visit from Canadian Prime Minister Justin Trudeau to Nano One’s pilot facility in Burnaby BC.
Prime Minister Trudeau received a tour of the pilot and laboratory facility and watched a demonstration in the process of making cathode materials such as lithium iron phosphate (LFP) and lithium nickel manganese cobalt (NMC). He then participated in the assembly of electrodes and separators into lithium ion battery test cells.
The Prime Minister was visiting British Columbia to announce a climate change initiative and a cut in corporate taxes for companies that develop technologies or manufacture products that have zero emissions.
Mr. Dan Blondal CEO of Nano One commented on the visit: “It is great to see increased support on climate change initiatives, and Nano One is pleased to have the ongoing support of the Government of Canada.”
Nano One receives further support
Nano One has received over $10 million in non-dilutive non-repayable support funding that has been critical in expanding its scientific, engineering and marketing activities as it advances towards commercialization. As well as funding from the Canadian government, Nano One has strategic partnerships with Volkswagen, Pulead Technology and Saint-Gobain.
The news of the Nobel Prize in Chemistry for 2019 having been awarded to the developers of lithium-ion batteries will only bring greater attention to lithium and Nano One’s technology. Ever since they entered the market in 1991, lithium-ion batteries have continued to revolutionize our lives. They have laid the foundation of a wireless, fossil fuel-free society, and are of the greatest benefit to humankind.
Nano One’s patented process for making cathode materials is changing the way the world makes battery materials, addressing waste, cost and performance. The mission is to establish its patented technology as a leading platform for the global production of a new generation of battery materials.
Certainly Nano One looks to be on the winning path with top tier international partners (Saint-Gobain, Pulead, and Volkswagen), potential award winning technology, and backing from the Canadian Government.
Nano One looks to be a winner and still with a market cap of only C$ 81.9 million.
Matthew Bohlsen is a Senior Editor for InvestorIntel.com. With a Graduate Diploma in Applied Finance and Investment, and a Graduate Diploma in Financial Planning. He ... <Read more about Matthew Bohlsen>