December 9, 2024—Candiac, Quebec
Nano One hosted a press conference to announce $18 million in funding from the Government of Québec. These funds support the development and commercialization of the company's innovative One-Pot™ process for lithium iron phosphate (LFP) cathode active material production, as well as enhance Candiac facility's clean manufacturing capacity.
Christine Fréchette, Québec's Minister of Economy, Innovation, and Energy, remarked:
"Electric vehicle manufacturers are increasingly using LFP type batteries, so it is very interesting that Québec can position itself in this technology through the Nano One project."
Benoit Charrette, Québec's Minister of the Environment, Climate Change, Wildlife, and Parks, stated:
"Over the next few years, a huge leap forward will be made in terms of innovation and Nano One is a very, very good illustration of this, with a technology that has Québec roots."
Bicha Ngo, President and CEO of Investissement Québec, emphasized:
"Thanks to innovative, clean and competitive technology, Nano One contributes to meeting environmental challenges, while promoting responsible economic growth."
Denis Geoffroy, Chief Commercialization Officer at Nano One, highlighted:
"Because yes, the first tonne of commercial LFP was produced here in Quebec. The support announced today is excellent news for me for two reasons; because it supports LFP, Québec's first recent investment in this sector, and we are the only place outside of Asia that has produced LFP cathodes, and we are good at it.
Our history in Québec
Our Candiac facility was built in 2010 by the Québec startup Phostech Lithium (est. 2002) who brought experience having previously built a pre-commercial LFP plant locally.
The 2010 facility emerged as North America’s sole commercial LFP plant and at the time was among the largest in the world—with a capacity of 2,400 tons per year through a hydrothermal process. After undergoing several ownership changes since 2011, Nano One took over the site on November 1st, 2022.