TSX:NANO)(OTC PINK:NNOMF)(Frankfurt:LBMB
Highlights:
Alkaline Fuel Cell Power Corp. (NEO: PWWR)(OTCQB:ALKFF) (Frankfurt: 77R, WKN: A3CTYF) ("AFCP" or the "Company"), a company engaged in the development and production of alkaline fuel cell heat and power systems for residential, industrial and commercial markets worldwide, is pleased to announce the achievement of the Company’s first Milestone, as of May 6th, 2022. The Company has successfully created a functioning, bench test, single stack and system operation at working temperature. The Company is working to towards commercializing of 4kW micro-combined heat and power (“Micro-CHP”) system.
”We are very pleased that, despite strong challenges from covid-19 and supply chain, our teams in Belgium and Czech Republic were able to achieve the first critical milestone in the development of our own hydrogen fuel cell, on time.” Commented Frank Carnevale, Chief Executive Officer. “Along with additional CHP development opportunities, AFCP is focused on capitalizing on that market shift to affordable, resilient, and renewable energy solutions for the masses.”
As released on August 19, 2021, the Company identified several key milestones towards the development and commercialization of a fully functioning and integrated 4.4 kW Micro-CHP system. The system will be a crucial step in the creation of the Company’s manufacturing capabilities and commercial offerings going forward.
The unit performed as expected, and the electrical output and thermal output were as per the Company’s original calculations. The new unit demonstrated a consistent and continuous output, as well as being able to be switched on and off, whilst retaining the values and output expected in the design specifications.
ABOUT ALKALINE FUEL CELL POWER CORP.
The Company is focused on the development, production and commercialization of micro-combined heat and power (“micro-CHP”) systems based on alkaline fuel cell technology. A fuel cell is a clean electrical power conversion/generation system, akin to small power stations that provide electricity and an equivalent amount of heat for various purposes. Based on hydrogen powered alkaline fuel cell technology, our technology offers an energy source that generates zero CO2 emissions with pure water as the only by-product, making it ideally suited for residential and small- to medium-sized power markets. We believe Fuel Cell Power is well positioned to become a positive contributor to the global demand for clean energy, particularly in Europe where demand outpaces supply, and current technology remains inadequate to meet market needs. Further information is available on our website at https://www.fuelcellpower.com/ and we encourage investors and other interested stakeholders to follow us on LinkedIn, Twitter, Facebook, Instagram and YouTube. Our common shares are listed for trading on the NEO Exchange (“NEO”) under the symbol “PWWR”, the OTC Venture Exchange “OTCQB” under the symbol “ALKFF” and on the Frankfurt Exchange under symbol “77R” and “WKN A3CTYF”.
For further information, please contact:
Frank Carnevale
Chief Executive Officer
+1 (647) 531-8264
fcarnevale@fuelcellpower.com
Forward-Looking Information
This news release contains forward‐looking statements and forward‐looking information within the meaning of applicable securities laws. These statements relate to future events or future performance. All statements other than statements of historical fact may be forward‐looking statements or information. In certain cases, forward-looking statements can be identified by the use of words such as “plans”, “expects” or “does not expect”, “is expected”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might”, “occur” or “achieve”. Forward-looking statements may include, but are not limited to, statements with respect to the Company’s technology, intellectual property, business plan, objectives and strategy.
Forward-looking statements and information are provided for the purpose of providing information about the current expectations and plans of management of the Company relating to the future. Readers are cautioned that reliance on such statements and information may not be appropriate for other purposes, such as making investment decisions. Since forward‐looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. Accordingly, readers should not place undue reliance on the forward‐looking statements and information contained in this news release. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward‐looking statements and information contained in this news release are made as of the date hereof and no undertaking is given to update publicly or revise any forward‐looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. The forward-looking statements or information contained in this news release are expressly qualified by this cautionary statement.
NEITHER THE NEO EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE NEO EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Wind power and solar power are considered the two primary choices for clean energy.
As clean technologies, both wind power and solar energy significantly decrease pollution and have minimal operational costs. These are attractive reasons to make the switch to clean energy solutions — but there's more to wind and solar energy than that.
Here the Investing News Network provides a brief introduction to wind and solar energy, from the advantages of renewable energy to the future outlook for these clean energy technologies.
Wind energy is the process of using the air flowing through wind turbines to generate power by converting the kinetic energy in wind into mechanical power.
Wind energy can provide electricity for utility grids and homes, and it can be used to charge batteries and pump water. The three main kinds of wind power are broken down as follows by the American Wind Energy Association:
Interestingly, wind energy can also be considered an indirect form of solar energy. That's because winds are caused by the uneven heating of the atmosphere by the sun, the irregularities of the Earth's surface and rotation of the Earth.
Solar power is energy derived from the sun's rays and then converted into thermal or electrical energy.
According to the Solar Energy Industries Association, solar energy can be created in the following three ways: photovoltaics, solar heating and cooling and concentrating solar power.
With the basics of wind and solar energy in mind, let's look at the advantages of these two clean energy sources.
As carbon-free and renewable energy sources, wind and solar can help reduce the world's dependence on oil and gas. These carbon fuels are responsible for harmful greenhouse gas emissions that affect air, water and soil quality, and contribute to environmental degradation and climate change.
Aside from that, wind and solar energy can give homeowners and businesses the ability to generate and store electricity onsite, giving them backup power when their needs cannot be filled by the traditional utilities grid.
For example, during California's wildfire season, large-scale utilities companies such as Pacific Gas & Electric (NYSE:PCG) often need to shut off power to tens of thousands of people at a time in an effort to prevent fires like those linked to downed power lines. In cases like this, solar energy generated onsite could not only help fight climate change, but also act as a reliable backup source of energy.
Solar panel installations are easy to do and can create energy bill savings. In some regions, users may qualify for tax breaks or energy rebates if they produce excess energy that can be delivered to the utility grid. Canada has several dozen clean energy incentive programs that combined offer hundreds of energy-efficiency rebates and numerous renewable energy rebates.
Both solar energy and wind energy are on the path to becoming the world's most affordable sources of energy. "Land-based utility-scale wind is one of the lowest-priced energy sources available today," according to the US Department of Energy. "Furthermore, wind energy’s cost competitiveness continues to improve with advances in the science and technology of wind energy."
The price of harnessing the sun's power is dropping each year due to technology advancements. In fact, the cost of residential photovoltaic solar power slid from US$0.50 per kilowatt-hour in 2010 to US$0.128 in 2020, according to the most recent US Department of Energy figures. The US agency estimates that solar costs will fall further to US$0.05 by 2030. On a grander scale, utility photovoltaic costs already sit at only US$0.045.
The Global Wind Energy Council estimates that 680 gigawatts (GW) of new capacity will be added from 2023 to 2027. Government support and the need for energy security will be key drivers, giving way to market-based growth. China and the US represent the top two markets for new wind energy installations.
As for solar energy, the International Energy Association's 2022 World Energy Outlook report sees the growing deployment of solar generation through 2030 displacing fossil fuels, particularly coal, in the energy sector.
"Renewables, notably solar PV and wind, gain the most ground of any energy source this decade, accounting for 43% of electricity generation worldwide in 2030, up from 28% today," the report states.
In Europe specifically, renewable energy growth is being fueled by Russia's invasion of Ukraine. "(The region) continued its positive solar trajectory, achieving 31.8 GW of additional solar capacity — representing 33% growth and notably only a 0.1 GW difference to our 2021 Global Market Outlook projections," according to a report by SolarPower Europe. "The impact of the Russian war on Ukraine, and the accompanying energy security challenges, alongside EU climate goals, are driving the continent’s renewable transition — with 25 of 27 EU member states set to install more solar in 2022 than 2021."
In the first half of 2023, a study by clean energy think tank Ember found that fossil fuel use for electricity generation had dropped by 17 percent, while solar and wind use had increased by 13 percent and 5 percent, respectively. At the same time, 17 EU member countries boasted record renewable energy generation.
There are many investment opportunities in the renewable energy markets.
For investors interested in wind energy, there is the First Trust ISE Global Wind Energy Index Fund (ARCA:FAN), which was created on June 16, 2008. It tracks 55 holdings, including wind energy giants Vestas Wind Systems (CPH:VWS), Boralex (TSX:BLX,OTC Pink:BRLXF) and Northland Power (TSX:NPI,OTC Pink:NPIFF), to name a few.
The Invesco Solar ETF (ARCA:TAN) tracks 45 holdings, including First Solar (NASDAQ:FSLR), Enphase Energy (NASDAQ:ENPH) and SolarEdge Technologies (NASDAQ:SEDG).
To learn about some other options, read our articles on renewable energy stocks on the TSX and the biggest US solar energy companies.
This is an updated version of an article first published by the Investing News Network in 2018.
Don't forget to follow us @INN_Technology for real-time news updates!
Securities Disclosure: I, Melissa Pistlli, hold no direct investment interest in any company mentioned in this article.
TSX:NANO)(OTC PINK:NNOMF)(Frankfurt:LBMB
Highlights:
Nano One® Materials Corp. ("Nano One" or the "Company") is a clean technology company with patented processes for the production of lithium-ion battery cathode active materials ("CAM") that enable secure and resilient supply chains by driving down cost, complexity, energy intensity, and environmental footprint. The Company is pleased to report that it has received the final contribution of $803,300 from Sustainable Development Technology Canada ("SDTC") and the Government of British Columbia's Innovative Clean Energy ("ICE") Fund. This completes the Company's second SDTC project and its success led to a third SDTC funded project that was previously announced in February 2023 which is expected to provide an additional $10 million in non-dilutive funding.
Support for nano one's Scaling of Advanced Battery Materials Project was awarded by SDTC in May 2019 and completed in January 2023 with total government contributions of $8.25M, with $5.25M from SDTC and $3M from the ICE Fund, respectively. This final contribution of $803,300 represents a 10% holdback that is awarded once all successful commitments and reporting requirements have been achieved.
"SDTC has been an important contributor to nano one over the years and has been instrumental in propelling us to where we are today," stated nano one's CEO Mr. Dan Blondal. "Their funding for this project provided the means to execute our business plans and aided in securing additional support from the capital markets and from various strategically interested parties. With SDTC and ICE Fund support, we grew our team, added to our portfolio of intellectual property and optimized our processing technology and know-how. We believe we can be cleaner, greener and leaner than the methods used in Asia, while being cost competitive in Canada, North America, Europe and the Indo-Pacific region."
Advancing the Scale of the One-Pot Process
The funded project helped nano one accelerate significant advances in scaling of its One-Pot process for lithium iron phosphate ("LFP"), specifically in preparation for pilot and industrial scale production at its recently acquired facilities in Candiac, Québec. The project enabled 10 kg batches of One-Pot LFP and greater for third party evaluation that have since led to trials in the company's Candiac facility that are exceeding 1000 kg (1 tonne).
Through the course of the project, the team was able to reduce reaction times resulting in cost reduction and improved yield. The team also reduced CAPEX and OPEX associated with the One-Pot process for LFP as compared to existing LFP methods and they developed a comprehensive techno-economic model for LFP, providing confidence for large scale piloting and production activities at its Candiac facility.
The project also supported the development of nano one's innovative metal-to-cathode-active-materials ("M2CAM") technology, that simplifies the supply chain and enables the use of metal powders instead of environmentally problematic metal sulphates. M2CAM aims to eliminate wastewater and waste sulphate, cost effectively, and this is of increasing strategic interest in North America, Europe and other regions where there are environmental standards coupled with the need for tens of millions of tonnes of CAM production.
Kelli Forster, Senior Vice President of People and Culture stated, "The financial support from SDTC and the ICE Fund has enabled us to further attract and retain industry leading experts with science, engineering and business backgrounds. We have the most experienced LFP production team in North America and by pairing this with our innovative culture, we are setting the stage to change how the world makes battery materials. I am proud of our team, and I look forward to its continued growth."
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About Sustainable Development Technology Canada
At SDTC, we support companies attempting to do extraordinary things.
From initial funding to educational support and peer learning to market integration, we are invested in helping our small and medium-sized businesses grow into successful companies that employ Canadians from coast to coast to coast. We are relentlessly focused on supporting our companies to grow and scale in an increasingly competitive marketplace.
The innovations we fund help solve some of the world's most pressing environmental challenges: climate change, regeneration through the circular economy, and the well-being of humans in the communities they live in and the natural environment they interact with.
About Innovative Clean Energy Fund
The Innovative Clean Energy (ICE) Fund is a Special Account, funded through a levy on certain energy sales, designed to support the Province's energy, economic, environmental and greenhouse gas reduction priorities, and to advance B.C.'s clean energy sector. Since 2008, the ICE Fund has committed approximately $110 million to support pre-commercial clean energy technology projects, clean energy vehicles, research and development, and energy efficiency programs. On March 13, 2017, the Province announced a joint call partnership with Sustainable Development Technology Canada to support the development of pre-commercial clean energy projects and technologies.
About nano one®
nano one materials corp. (Nano One) is a clean technology company with a patented, scalable and low carbon intensity industrial process for the low-cost production of high-performance lithium-ion battery cathode materials. With strategic collaborations and partnerships, including automotive OEMs and strategic industry supply chain companies like BASF, Umicore and Rio Tinto. nano one's technology is applicable to electric vehicles, energy storage, and consumer electronics, reducing costs and carbon intensity while improving environmental impact. The Company aims to pilot and demonstrate its technology as turn-key production solutions for license, joint venture, and independent production opportunities, leveraging Canadian talent and critical minerals for emerging markets in North America, Europe, and the Indo-Pacific region. nano one has received funding from SDTC and the Governments of Canada and British Columbia.
For more information, please visit www.nanoone.ca
Company Contact:
Paul Guedes
info@nanoone.ca
(604) 420-2041
Cautionary Notes and Forward-looking Statements
Certain information contained herein may constitute "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking information in this news release includes but is not limited to: the results of any milestones achieved within the "Scaling Advanced Battery Materials Project" jointly funded by SDTC and the British Columbia ICE fund; ongoing and any potential future collaborations with SDTC; current and future collaboration engineering, and optimization research projects; the Company's future business and strategies; uses of funds, and future capital expenditures and other expenses for specific operations; industry demand; ability to obtain employees, consultants or advisors with specialized skills and knowledge; incurrence of costs; competitive conditions; general economic conditions; the intention to grow the business, operations and potential activities of the Company; the functions and intended benefits of nano one's technology and products; the development of the Company's technology and products;the commencement of a commercialization phase; prospective partnerships and the anticipated benefits of the Company's partnerships; the Company's licensing, supply chain, joint venture opportunities and potential royalty arrangements; the purpose for expanding its facilities; scalability of developed technology; and the execution of the Company's plans - which are contingent on support and grants. Generally, forward-looking information can be identified by the use of terminology such as 'believe', 'expect', 'anticipate', 'plan', 'intend', 'continue', 'estimate', 'may', 'will', 'should', 'ongoing', ‘target', ‘goal', ‘potential' or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the current opinions and estimates of management as of the date such statements are made are not, and cannot be, a guarantee of future results or events. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including but not limited to: successful completion of the ongoing, and any potential future, collaborations with SDTC, the British Columbia ICE Fund and any of the consortium partners; general and global economic and regulatory changes; next steps and timely execution of the Company's business plans; the development of technology, supply chains, and plans for construction and operation of cathode production facilities; successful current or future collaborations that may happen with OEM's, miners or others; the execution of the Company's plans which are contingent on support and grants; the Company's ability to achieve its stated goals; the commercialization of the Company's technology and patents via license, joint venture and independent production; anticipated global demand and projected growth for LFP batteries; and other risk factors as identified in nano one's MD&A and its Annual Information Form dated March 29, 2023, both for the year ended December 31, 2022, and in recent securities filings for the Company which are available at www.sedar.com. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake any obligation to update any forward-looking statements or forward-looking information that is incorporated by reference herein, except as required by applicable securities laws.Investors should not place undue reliance on forward-looking statements.
SOURCE:nano one materials corp.
News Provided by ACCESSWIRE via QuoteMedia
Renewable energy has become an increasingly important part of how clean energy is produced.
From hydroelectricity and natural gas to solar, geothermal and ocean energy, renewable energy is defined by Natural Resources Canada as “energy obtained from natural resources that can be naturally replenished or renewed within a human lifespan.” The organization states that hydroelectricity accounts for nearly 60 percent of Canada's energy supply. In fact, the country is the second largest producer of hydroelectricity worldwide.
While hydroelectricity remains important, wind and solar are expected to drive the most growth in Canada's renewable energy production in the coming years. A recent Canadian Renewable Energy Association report shows that the wind, solar and energy storage sector grew by 10.5 percent in 2022 for a total capacity of 19 gigawatts (GW) of utility-scale wind and solar energy. The group expects another 5 GW of wind and 2W of solar will be added between 2023 and 2025.
Renewable energy investment in Canada is also rising. "Investment in clean energy has also surpassed fossil fuels, with almost two thirds of total global energy spending estimated to flow into the clean energy sector this year," notes Clean Energy Canada.
For investors looking to get exposure to the sector, Canada’s TSX is home to a variety of publicly traded renewable energy stocks. In response to growing investor demand, the S&P/TSX Renewable Energy and Clean Technology Index (INDEXTSI:TXCT) was created with a focus on companies in the sector; it is screened by Sustainalytics, one of the world’s leading providers of environmental, social and governance research and analysis. The list below of renewable energy stocks on the TSX was created using the index’s most heavily weighted constituents as of August 8, 2023.
Market cap: C$6.92 billion; current share price: C$38.85
Brookfield Renewable Partners is one of the world’s largest publicly traded renewable power companies. It sells the bulk of its power production under long-term, fixed-rate power purchase agreements.
Brookfield Renewable’s expansive asset portfolio includes hydroelectric, wind and solar energy generation facilities, as well as energy storage assets. This translates into roughly 21,000 megawatts (MW) of capacity and nearly 6,000 generating facilities across North America, South America, Europe and Asia.
Market cap: C$6.2 billion; current share price: C$24.18
This TSX renewable energy stock is one of Canada’s first independent power producers. Northland Power has vast clean and green global power infrastructure assets in Canada, as well as in Asia, Europe and Latin America. These assets include clean-burning natural gas and renewable resources such as wind, solar and efficient natural gas.
Northland Power’s 13 Canadian solar sites are located across Ontario, hosting around 600,000 solar panels and producing nearly 200 gigawatt hours (GWh) per year. The company has more than 200 turbines that operate across four onshore wind farms in Ontario and Saskatchewan and generate 3,787 GWh annually.
Market cap: C$3.21 billion; current share price: C$31.71
Third on this list of TSX renewable energy stocks is Boralex, which produces renewable wind, solar, hydroelectric and thermal energy in Canada, France and the US. The company is France’s largest independent producer of onshore wind power. In Canada, Boralex has 21 wind projects across Quebec, Alberta, Ontario and BC; nine hydroelectric projects across Quebec, Ontario and BC; one solar project in Ontario; and one thermal project in Quebec.
Boralex's plan for 2021 to 2025 will see the company invest US$6 billion to roughly double its capacity by adding 4,400 MW.
Market cap: C$2.52 billion; current share price: C$12.48
TSX renewable energy stock Innergex Renewable Energy develops and operates run-of-river hydroelectric facilities, wind energy operations, solar farms and energy storage facilities in North America, France and Chile.
Some of the company’s most notable Canadian renewable energy assets include the Viger-Denonville community wind farm in Quebec, which consists of 12 wind turbines with a total gross installed capacity of 24.6 MW. Innergex also has the ECOLOGO-certified Upper Lillooet River hydroelectric project in BC, as well as the Umbata Falls run-of-river hydroelectric plant, which is located on the White River tributary of Lake Superior in Ontario.
Market cap: C$2.52 billion; current share price: C$12.48
Ballard Power Systems, a global leader in hydrogen fuel cell technology, develops and manufactures proton-exchange membrane fuel cell products that create electrical energy from the combination of hydrogen and air. The company's products are designed for heavy-duty trucks, buses, trains and marine applications, as well as backup power storage.
Ballard is supplying hydrogen fuel cell modules to global carbon-reduction company First Mode for use in hybrid hydrogen and battery ultra-class mining haul trucks.
This is an updated version of an article originally published by the Investing News Network in 2017.
Don’t forget to follow us @INN_Technology for real-time news updates!
Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
TSX:NANO)(OTC PINK:NNOMF)(Frankfurt:LBMB
Q2 2023 Highlights and Headlines
nano one® Materials Corp. ("nano one" or the "Company") is a clean technology company with patented processes for the production of lithium-ion battery cathode materials that enable secure and resilient supply chains by driving down cost, complexity, energy intensity, and environmental footprint. nano one has filed its condensed interim consolidated financial statements (the "financial statements"), and management's discussion & analysis ("MD&A") as at and for the six months ended June 30, 2023 ("Q2 2023") and is pleased to provide the following highlights from Q2 2023.
Corporate Milestones for Q2 2023
Joint Development Agreement with Our Next Energy (ONE)
On June 14, 2023, the Company announced signing a Joint Development Agreement (JDA) with ONE to collaborate on the validation, qualification, and production of a North American supply of lithium iron phosphate (LFP) cathode active materials (CAM). The LFP CAM will be produced at nano one's 200 tpa pilot facility in Candiac, Québec, for validation in ONE's production LFP cells used in its Aries and Gemini batteries, with the goal of a binding offtake agreement and expansion into future production facilities.
Successful Completion of Phase Two of Co-Development Agreement with CBMM
On May 17, 2023, the Company announced the successful completion of phase two of the co-development work with CBMM, the world's leading supplier of Niobium products and technology. Phase two successfully utilized CBMM's Niobium product to make coated nanocrystal high nickel (Ni>90%) NMC cathode active material. Enhanced durability was displayed using nano one's proprietary One-Pot process and Metal to Cathode Active Material (M2CAM®) technology.
This achievement opens new doors of opportunity for the two companies to market and cross-collaborate with their existing customer bases to create market pull both for nano one's patented technology and develop a new market for CBMM's sustainable, high-quality product. This also adds a secure and resilient supply chain partner to Nano's list of qualified automotive supply chain.
Advancement of Commercial Plans for LFP
On July 20, 2023, further to an update provided on April 24, 2023, the Company provided an update on its commercial plans which are aimed at jumpstarting the commercialization of its One-Pot process. To expedite commercial sampling, offtake and first revenues, the Company's Candiac facility in Québec is being retrofitted with its new One-Pot reactors and will be recommissioned initially at 200 tons per annum ("tpa") in Q3 2023, ramping up in steps to 2,000 tpa in 2024, and 10,000 tpa thereafter in a new and adjacent facility.
nano one also has engineering work underway for a separate 100 tpa NMC and LNMO pilot facility. Having piloting capabilities for LFP, NMC and LNMO will enable nano one to prototype, validate, design, and pilot a new generation of CAM and accelerate the commercial adoption of its One-Pot and sulfate-free M2CAM processes in pursuit of production, joint venture and licensing opportunities.
The Company reported that its lithium iron phosphate (LFP) trials, One-Pot reactors, sampling and pilot production plans are being expedited as previously outlined, and that initial engineering plans for its first full scale commercial plant are nearing completion. Nano began successfully producing tonne-sized batches in Q2 2023 using the existing commercial scale equipment. In parallel Nano is installing smaller modular One-Pot reactors, engineered and built in Québec with the aim of conducting smaller trials, evaluating new reactor designs and fast-tracking plans.
Six New Patents Issued and Allowed in Canada, United States, and Japan
nano one also announced significant progress on key technologies with 6 new patents that are approved for issuance, or have issued, in Canada, United States, and Japan, bringing its global total to 33. In large part to ongoing support from Government of Canada programs, nano one continues to extend the Canadian IP landscape and its own protections, all while growing economic activity.
Q2 2023 Financial Position and Results
For a more detailed discussion of nano one's interim Q2 2023 results, please refer to the Company's financial statements, and MD&A which are available at www.sedar.com.
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About nano one®
nano one materials corp. (nano one) is a clean technology company with a patented, scalable and low carbon intensity industrial process for the low-cost production of high-performance lithium-ion battery cathode materials. With strategic collaborations and partnerships, including automotive OEMs and strategic industry supply chain companies like BASF, Umicore and Rio Tinto. nano one's technology is applicable to electric vehicles, energy storage, and consumer electronics, reducing costs and carbon intensity while improving environmental impact. The Company aims to pilot and demonstrate its technology as turn-key production solutions for license, joint venture, and independent production opportunities, leveraging Canadian talent and critical minerals for emerging markets in North America, Europe, and the Indo-Pacific region. nano one has received funding from SDTC and the Governments of Canada and British Columbia.
For more information, please visit www.nanoone.ca
Company Contact:
Paul Guedes
info@nanoone.ca
(604) 420-2041
Cautionary Notes and Forward-looking Statements
Certain information contained herein may constitute "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. All statements, other than statements of historical fact, are forward-looking statements. Forward-looking information in this news release includes but is not limited to: the Company's future business and strategies; industry demand; anticipated joint development programs; incurrence of costs; competitive conditions; general economic conditions; estimated future working capital, funds available, and uses of funds, and future capital expenditures and other expenses for specific operations; intellectual property protection; industry demand; the functions and intended benefits of nano one's technology and products; the development of the Company's technology, supply chains and products; current and future collaboration engineering, and optimization research projects; plans for construction, scale-up and operation of a multi cathode piloting hub; prospective partnerships and the anticipated benefits of the Company's partnerships; the Company's licensing, supply chain, joint venture opportunities and potential royalty arrangements; the purpose for expanding its facilities; and scalability of developed technology; and the execution of the Company's plans - which are contingent on support and grants. Generally, forward-looking information can be identified by the use of terminology such as 'believe', 'expect', 'anticipate', 'plan', 'intend', 'continue', 'estimate', 'may', 'will', 'should', 'ongoing', ‘target', ‘goal', ‘potential' or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the current opinions and estimates of management as of the date such statements are made are not, and cannot be, a guarantee of future results or events. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including but not limited to: general and global economic and regulatory changes; next steps and timely execution of the Company's business plans; the development of technology, supply chains, and plans for construction, scale-up, and operation of cathode production facilities; achievement of industrial scale piloting, demo commercial production and potential revenues; successful current or future collaborations that may happen with OEM's, miners or others; the execution of the Company's plans which are contingent on support and grants; the Company's ability to achieve its stated goals; the commercialization of the Company's technology and patents via license, joint venture and independent production; anticipated global demand and projected growth for LFP batteries; and other risk factors as identified in nano one's MD&A and its Annual Information Form dated March 29, 2023, both for the year ended December 31, 2022, and in recent securities filings for the Company which are available at www.sedar.com. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company does not undertake any obligation to update any forward-looking statements or forward-looking information that is incorporated by reference herein, except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.
SOURCE:nano one materials corp.
News Provided by ACCESSWIRE via QuoteMedia
The energy revolution is here to stay, and electric vehicles (EVs) have become part of the mainstream narrative.
Despite geopolitical tensions and uncertainty, the shift toward green energy is gathering momentum, with the US and Europe adding more incentives to accelerate this transition. Increasing sales of EVs are good news for battery metals investors, as EVs are the main price drivers for commodities such as lithium and cobalt — key components in the cathodes of EV batteries.
Here the Investing News Network has gathered a list of the largest EV makers by market cap. This list was generated using TradingView's stock screener on August 2, 2023, and includes companies with an EV focus under the motor vehicles industry filter. Read on to learn about the batteries and battery suppliers they're using for their current and upcoming models.
Market cap: US$813.3 billion; current share price: US$256.24
First on the list is of course EV maker Tesla, which has brought significant attention to the EV narrative. Its story starts in 2003, when it was founded by Martin Eberhard and Marc Tarpenning. Elon Musk invested in the company in 2004, becoming the largest shareholder, and eventually became its CEO in 2008.
A well-known story for battery metals investors, the company made headlines in 2014 when it broke ground at its first gigafactory in Nevada ― an unthinkable proposition at the time. In partnership with Panasonic (TSE:6752,OTC Pink:PCRFF), the manufacturing facility has produced batteries with nickel-cobalt-aluminum (NCA) cathodes — different from most of Tesla’s competitors, which use a nickel-cobalt-manganese (NCM) mix.
More recently, Tesla has opened a gigafactory in China, where it joined forces with China’s largest battery maker, CATL (SZSE:300750), to develop batteries for its Model 3. South Korea's LG Energy Solutions (KRX:373220) is also working on supplying Tesla with batteries using nickel-manganese-cobalt-aluminum (NMCA) cathodes.
For its standard-range vehicles, Tesla said in 2021 that it was changing the battery chemistry it uses to lithium-iron-phosphate (LFP) cathodes, which are cobalt- and nickel-free.
Market cap: US$106.61 billion; current share price: US$34.48
Leading Chinese EV maker BYD was founded in 1995 and is only behind Tesla when it comes to global sales of EVs — although as of 2023 it was not far from taking the lead.
BYD is also the leading producer of multiple kinds of rechargeable batteries: nickel-metal hydride batteries, lithium-ion batteries and NCM batteries. BYD owns the complete supply chain layout, from mineral battery cells to battery packs.
Backed by Warren Buffet, in 2020 BYD officially launched its Blade battery, a less bulky LFP battery. The following year, the company announced that it was starting to use LFP batteries for all of its pure electric models. As of mid-2022, BYD was supplying Tesla with its Blade battery, which is being used for Model Ys built in Germany. In 2023, the company began working on using sodium-ion batteries — this battery type is expected to be seen in 9 percent of global EV sales by 2033, according to Fastmarkets.
Market cap: US$42.5 billion; current share price: US$43.41
Li Auto bills itself as a pioneer in successfully commercializing extended-range EVs in China. The company started volume production of its first model, Li ONE, in November 2019, and launched its initial public offering in July 2020. In 2022, the company ranked first in both China’s full-size and large SUV markets.
One of the main differences between Li Auto and the other companies on this list is that Li Auto's models allow battery pack charging with electricity or gas. Li Auto calls this design extended-range EV technology. By 2025, the company wants its lineup to include one flagship model, five extended-range electric models and five high-voltage pure electric models.
Li Auto has battery supply agreements with CATL, and announced in February of this year that it had been selected to work with Sunwoda Electronic (SZSE:300207) and Svolt Energy Technology.
Market cap: US$24.26 billion; current share price: US$25.82
Founded in 2009, Rivian designs, develops and manufactures category-defining EVs and accessories and sells them directly to customers in the consumer and commercial markets.
Rivian, which is majority owned by Amazon (NASDAQ:AMZN) and also backed by Ford (NYSE:F), went public in 2021. The carmaker announced plans to use cells made with LFP chemistries for its standard-level vehicles last year, and earlier this year announced it plans to switch its entire lineup to this type of battery. The company expects LFP-powered passenger vehicles to be available later in 2023. South Korea’s Samsung SDI (KRX:006400) is Rivian’s current battery supplier, but the company has plans to build its own battery cells in the future.
Market cap: US$23.31 billion; current share price: US$14.35
Founded in 2014, Chinese EV maker Nio designs, jointly manufactures and sells smart and connected premium EVs.
Nio’s strategy includes its battery-as-a-service endeavor, a subscription purchasing model where buyers lease vehicle batteries. The company states that idea behind this move is to reduce vehicle costs. The service is run by the Battery Asset Company, with Nio and leading battery maker CATL owning a stake. CATL is already Nio’s sole battery supplier.
In September 2021, the company had introduced a standard-range hybrid-cell battery that combines NCM and LFP cells. Looking ahead, the carmaker is said to have plans to use a combination of self-produced and externally sourced batteries in the long run. The company is also gearing up to offer the world’s longest-range solid-state battery on a rental basis.
Market cap: US$18.24 billion; current share price: US$18.82
Another Chinese EV maker focused on the smart EV market, Xpeng’s main manufacturing plant is located in Guangdong province.
CATL used to be XPeng’s primary battery supplier, but the carmaker has diversified its battery suppliers. The carmaker has chosen to work with Sunwoda, a smaller Chinese battery maker, to develop a fast-charging battery for the G9. XPeng also counts CALB (HKEX:3931) and EVE Energy (SZSE:300014) as battery suppliers.
Early in 2021, XPeng launched three new vehicle versions powered by LFP batteries for the Chinese market. Its long-range versions use NCM batteries.
Market cap: US$12.72 billion; current share price: US$6.93
Headquartered in California, Lucid was founded in 2007 and produces luxury electric cars. The company's first car, Lucid Air, is a state-of-the-art luxury sedan that is being produced at its factory in Casa Grande, Arizona.
Lucid will use Panasonic batteries in its long-range Lucid Air and its Gravity SUV, which will begin production in 2024, although details of the chemistry used are yet to be known. Previously, Lucid had an agreement with LG Chem (OTC Pink:LGCLF,KRX:003550), which supplied cylindrical batteries for the US EV maker's standard Lucid Air models starting in H2 2020 and extending until 2023.
Market cap: US$2.16 billion; current share price: US$3.01
Nikola is a "designer and manufacturer of zero-emission battery-electric and hydrogen-electric vehicles, EV drivetrains, vehicle components, energy storage systems and hydrogen station infrastructure," according to the company. Founded in 2015, Nikola went public in June 2020 after merging with VectoIQ, a special purpose acquisition firm founded by former GM (NYSE:GM) Vice Chairman Steve Grisky.
Arizona-based Nikola set a goal of producing at least 300 EVs in 2022, but failed to hit that metric. As pressures to deliver vehicles continue to mount, Nikola has created a new unit to manage the production and distribution of hydrogen fuel. The company believes this will allow it to focus on its EV business.
Nikola currently sources batteries from LG Energy Solutions, and in 2022 signed a deal with Proterra (NASDAQ:PTRA), another EV maker, to use Proterra’s battery packs in Nikola's electric trucks. Also in 2022, Nikola acquired battery module and pack manufacturer Romeo Power, securing control of critical battery pack engineering and production processes. However, in 2023's third quarter, Nikola said it will start liquidating the assets of the battery maker it purchased a year ago, and the current CEO stepped down.
Market cap: US$2.12 billion; current share price: US$6.18
California-based Fisker, which went public in 2020, kicked off commercial production of its Ocean SUV model in November 2022.
Fisker has a deal with top battery manufacturer CATL, which will supply small LFP and large NCM advanced battery packs for the Fisker Ocean SUV. The deal will last until 2025 and has an initial battery capacity of over 5 gigawatt hours annually. This past May, the EV maker teamed up with battery-swapping technology provider Ample to provide battery-swappable EVs for its fleet.
Market cap: US$396.49 million; current share price: US$1.75
Proterra designs and manufactures zero-emission electric transit vehicles and EV technology solutions for commercial applications. In 2021, Proterra became a public company through a merger with special purpose acquisition company ArcLight Clean Transition.
With facilities in Silicon Valley, Los Angeles and South Carolina, Proterra was founded in 2004 and has a long-term agreement with LG Energy Solution for US-manufactured EV battery cells. Proterra's current battery platform uses NCM 811 lithium-ion cylindrical cells. LG Energy Solutions is working on a new, high-nickel NCMA chemistry, and currently supplies batteries to Tesla, Ford and Hyundai Motor (OTC Pink:HYMTF,KRX:005380), among others.
This is an updated version of an article first published by the Investing News Network in 2020.
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Securities Disclosure: I, Priscila Barrera, hold no direct investment interest in any company mentioned in this article.
Greenlane Renewables Inc. (" Greenlane ") (TSX: GRN) (FSE: 52G) intends to announce its 2023 second quarter financial results on Monday, August 14, 2023 after markets close, followed by a conference call at 5:00 PM ET ( 2:00 PM PT ). Representing management will be Brad Douville Chief Executive Officer, and Stephanie Mason Director of Finance. Monty Balderston Chief Financial Officer, will be unavailable due to medical reasons. A question and answer period with analysts will follow brief remarks from management.
The Company also reports that the previously announced appointments of Brad Douville as Executive Vice Chair and Ian Kane as CEO are expected to follow the release of the Company's second quarter financial results.
The public is invited to listen to the conference call in real time by telephone. To access the conference call by telephone, please dial: 1-800-319-4610 ( North America toll-free) or 1-604-638-5340. Callers should dial in 5-10 minutes prior to the scheduled start time and ask to join the Greenlane Renewables conference call.
Shortly after the conference call, the replay will be archived on the Greenlane Renewables website and replay will be available in streaming audio and a downloadable audio file.
Greenlane Renewables is a pioneer in the rapidly growing renewable natural gas (" RNG ") industry. As a leading global provider of biogas upgrading systems, we are helping to clean up two of the largest and most difficult-to-decarbonize sectors of the global energy system: the natural gas grid and the commercial transportation sector. Our systems produce clean, low-carbon and carbon-negative RNG from organic waste sources such as landfills, wastewater treatment plants and agricultural and food waste streams. To the company's knowledge, Greenlane is the only biogas upgrading company offering and actively deploying the three main technologies: waterwash, pressure swing adsorption, and membrane separation. Greenlane's business has been built on over 35 years of industry experience, patented and proprietary technology, with over 140 biogas upgrading systems sold into 19 countries, including some of the largest RNG production facilities in the world, and over 140 biogas desulfurization units sold. For further information, please visit www.greenlanerenewables.com .
FORWARD LOOKING INFORMATION – This news release contains "forward-looking information" within the meaning of applicable securities laws. All statements contained herein that are not historical in nature contain forward-looking information. Forward-looking information can be identified by words or phrases such as "may", "likely", "could", "plan", "intends to", "will be", "are expected to", "estimate", "believe" or the negative of these terms, or other similar words, expressions and grammatical variations thereof, or statements that certain events or conditions "can", "may" or "will" happen. In particular, this news release contains forward looking information including that the Company intends to announce its 2023 second quarter financial results on Monday, August 14, 2023 after markets close, that the Chief Financial Officer will be unavailable due to medical reasons and that the appointments of the Executive Vice Chair ("EVC") and the Chief Executive Officer ("CEO") are expected to follow the release of the Company's second quarter financial results. The forward-looking information contained herein is made as of the date of this press release and is based on assumptions management believed to be reasonable at the time such statements were made, including that management's plans for issuing its financial results will proceed as anticipated, as well as other considerations that are believed to be appropriate in the circumstances. While management considers these assumptions to be reasonable based on information currently available to management, there is no assurance that such expectations will prove to be correct. By their nature, forward-looking information is subject to inherent risks and uncertainties that may be general or specific and which give rise to the possibility that expectations, forecasts, predictions, projections or conclusions will not prove to be accurate, or that assumptions may not be correct. A variety of factors, including known and unknown risks, many of which are beyond the Company's control, could cause actual results to differ materially from the forward-looking information in this press release. Such factors include, without limitation, changes that may occur between the time of this news release and the date planned for the issuance of financial results; changes in the availability of Company officers; and risks identified in the Company's annual information form and in other documents filed with Canadian securities regulatory authorities on the Company's SEDAR profile at www.sedar.com . Readers are cautioned not to put undue reliance on forward-looking information. Actual results may differ materially from those anticipated. The Company undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
SOURCE Greenlane Renewables Inc.
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