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Sustainable Battery Tech is Critical to the Electric Vehicle Transition

Nachrichtenquelle: PR Newswire (engl.)
21.04.2021, 14:55  |  507   |   |   

- FN Media Group Presents Microsmallcap.com Market Commentary

NEW YORK, April 21, 2021 /PRNewswire/ -- The automotive industry is just beginning a historic transition to emission-free vehicles. In 2019 alone, electric vehicle (EV) sales rose by more than 40 percent, and EV momentum is only increasing as governments around the world take steps to phase out international combustion engines and automakers prepare to comply with fully electric lineups in the coming years. Within the next two decades, the vast majority of vehicles on the road will likely be EVs, and to power these vehicles, battery makers will need to produce an output of at least 2,450 GWh by 2029. In order to meet this demand without wiping out the environmental benefits of the EV revolution, the battery industry needs to develop more sustainable means of extracting battery metals and producing more efficient batteries, which is exactly what companies like Tesla Inc (NASDAQ:TSLA), Livent Corporation (NYSE:LTHM), Romeo Power Inc (NYSE:RMO), QuantumScape (NYSE:QS), and Nano One Materials Corp. (TSXV:NNO) (OTCPK:NNOMF) are doing.

Nano One Materials Debuts Groundbreaking Manufacturing Process

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Any technology that makes batteries and battery production more efficient, cost effective, and sustainable has strong potential to be game changing to the rapidly expanding EV industry, and so these types of breakthroughs are incredibly valuable. Nano One Materials Corp. (TSXV:NNO) (OTC:NNOMF) is working on such a breakthrough. Nano One is a battery materials technology company that has patented a scalable industrial process for the production of low cost, high performance cathode materials used in lithium-ion batteries. The company's "One-Pot Process" significantly streamlines the battery cathode materials production process, reducing manufacturing costs while enabling higher performance cathode materials as compared to the standard manufacturing process.

On February 26, Nano One announced the launch of its M2CAM (metal to cathode active material) initiative. The company has adapted its One-Pot Process to be used for the manufacture of cathode materials using nickel, manganese, and cobalt metal powder feedstocks rather than metal sulfates or other salts. This development eliminates the need for costly and energy-intensive conversion of nickel, cobalt, and manganese to sulfate, and lithium carbonate to hydroxide, as well as the need to ship large quantities of water and sulfur, creating significant reductions in both cost and environmental footprint by factors of four to five times. With this process, there is no need for the costly intermediate extra step of making precursor cathode active material, and it eliminates a large waste stream of sulfur and water, among other significant benefits.

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Sustainable Battery Tech is Critical to the Electric Vehicle Transition - FN Media Group Presents Microsmallcap.com Market Commentary NEW YORK, April 21, 2021 /PRNewswire/ - The automotive industry is just beginning a historic transition to emission-free vehicles. In 2019 alone, electric vehicle (EV) sales rose by …

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