NEO Battery Materials Ltd. Pledges $2M For Battery Research In October, NEO Battery Materials Ltd., a Vancouver-based company focused on battery metals and materials, announced it would commit $2M in seed funding as part of a joint NSERC Alliance proposal with Professors Mohini Sain and Ning Yan to establish a UofT-based Battery Research Center. The center will focus on developing new lithium battery technologies for Canada’s emerging battery electric vehicle industry.
Speaking about the new partnership, Mr. Spencer Huh, President and CEO of NEO, stated, “We are excited to have Dr. Mohini Sain and Dr. Ning Yan of the University of Toronto to be partnered and working with NEO Battery Materials. With sustainability throughout NEO’s production and supply chain being a core value, the Company will cooperate with Dr. Sain and Dr. Yan to optimize renewable materials that can be implemented as low-cost nanocoating materials, binders, and conductive additives to NEO’s silicon anode materials. We are ultimately targeting improved chemistries and cell performance for commercialization.”
Both Sain and Yan aim to create a world-class training laboratory for the next generation of engineer storage scientists and engineers. Professor commented that is goal as scientific adviser to NEO is to “push the Company into the next stage of commercialization through research and testing of the silicon anode materials.” U of T will be joining forces with existing academic and industrial partners in South Korea and will bring its own industrial partners, including Ford Motors, Sain added “NEO’s drive for sustainable battery materials, coating, and electrode engineering for battery electric vehicles (BEVs) is currently supported by leading-edge research and innovation by top battery scientists in South Korea and Canada for a fast-track into automotive applications.”
As Canada pushes further for sustainable transportation and strategies for reduced GHG emissions, Professor Yan commented, “I am greatly pleased and excited to join NEO to implement our research and sustainable technology on energy storage devices for automotive applications. Time is of the essence for the industry, and we will be helping the Company with high-performance functional materials for both coating and electrode fabrication. Through this partnership, we are also seeking to establish a footprint for the battery material supply chain in Canada.”
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