Nano One Materials announced this week that they have developed a breakthrough in longevity for a cobalt free high voltage battery that has been successfully demonstrated at automotive rates of charge and discharge for over 900 cycles.
The demonstration battery uses a low cost, cobalt-free Lithium Nickel Manganese (LNM) cathode active material made with Nano One’s proprietary one-pot process.
Nano One Materials Corp has developed patented technology for the low-cost production of high-performance lithium ion battery cathode materials used in electric vehicles, energy storage and consumer electronics.
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Nano One also announced that they have completed a $12.5 Million equity offering co-led by Eight Capital and Gravitas Securities. The company intends to use the funds for research and development initiatives, business development, working capital and general corporate purposes.
“Our high voltage battery resolves excessive gassing and anode contamination issues that are associated with this configuration when operating at both ambient and elevated temperatures.” said Dr. Stephen Campbell, CTO of Nano One Materials.
“We are able to avoid rapid capacity fade and premature failure and have successfully demonstrated a high voltage lithium ion battery cell with significant cycle life – this is an exceptional outcome. The enabling technology is Nano One’s patented LNM cathode material operating up to 4.7 volts and made using our patented One Pot process. The LNM voltage is 25% higher than commercial lithium ion batteries, improving efficiency, thermal management and power.”