Nano One Materials Corp (TSX:NANO, OTC:NNOMF) earlier this week announced it has secured a $12.9 million grant from the U.S. Department of Defense to accelerate its lithium iron phosphate (LFP) production.
The funding will primarily support the company’s efforts to scale its “one pot” LFP process, which is central to building a secure North American supply chain for energy storage solutions.
CEO Dan Blondal told Proactive that the lion’s share of the capital will go towards expanding its Candiac facility in Quebec, bringing it closer to nameplate capacity.
Currently operating at about 200 tons, the plant will soon be capable of producing thousands of tons, boosting the company's ability to meet the growing demand for LFP batteries. This marks a major step in securing a domestic energy supply chain, as LFP batteries are essential for energy storage and electric vehicles.
Blondal emphasized that its “one pot” process is designed to decouple from the Chinese supply chain, eliminating reliance on iron sulfate. He highlighted the environmental and cost benefits of this approach, stating that it eliminates waste and is competitive with Chinese production.
Blondal said the DoD’s investment will not only enable Nano One to scale production but also strengthen North America’s energy security by reducing dependence on foreign sources.
“This grant puts us years ahead of anyone else in the LFP space,” he said.