The Financial Post reports in its Friday, Oct. 31, edition that Nano One Materials has received $5-million from Natural Resources Canada to scale up battery production at its Candiac, Que., pilot plant and commercialize its patented cathode manufacturing process.
The Post's Gabriel Friedman writes that Nano One is commercializing its "one-pot process" for battery cathodes, which reduces operational costs by up to 30 per cent and energy usage by up to 80 per cent compared with traditional methods.
Chief executive officer Dan Blondal says, "This investment strengthens our path to commercialization and reinforces Canada's position as a leader in clean-technology manufacturing."
There is a surge of battery investment news in Canada, with Volkswagen's Powerco Canada beginning gigafactory construction in St. Thomas, Ont., and Nextstar Energy completing its gigafactory in Windsor, Ont.
Nano One said the investment would allow it to at least quadruple battery production in Candiac to 800 tonnes per year. It has described the plant as its "launch pad," saying it will demonstrate that its patented production process works so it can license its technology.
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