NGen Launches 15 New Advanced Manufacturing Projects Valued
at $59M, Supporting 31 Companies
Across Canada
BURNABY,
BC, Aug. 14, 2024 /CNW/ - Today, the
Honourable Carla Qualtrough, Minister of Sport and Physical
Activity, announced a significant new project as part of NGen's
initiative to support 15 advanced manufacturing projects.
The project, led by Nano One and Chemetics Inc., aims to
optimize the manufacturing process of EV battery materials. Nano
One has developed a novel advanced manufacturing technology – the
'One-Pot' process – to produce cathode active materials (CAM). CAM
are the most expensive and complex components of lithium-ion
batteries for energy storage, electric vehicles, and defense
applications. This process enables CAM production from a variety of
metal feedstocks and its flexibility allows for a more localized
supply, which will support a strong domestic economy and supply
chains. Nano One and Chemetics will work towards optimizing the
manufacturing process, including identifying key materials for
construction, One-Pot reactor fabrication methods, and
opportunities for optimization based on operational data. With a
total project value of more than $11
million, NGen is contributing more than $2.9 million to this initiative.
This project represents a major step forward in the sector and
is part of the EV Manufacturing Value Chain Program (EVMP), where
projects are scaling up innovation along the EV battery materials
supply chain and their respective systems and components. The
development of this advanced technology will not only optimize
manufacturing processes but also bolster Canada's position as a leader in manufacturing
technology and innovation.
This announcement is part of a broader NGen funding initiative,
which supported 15 advanced manufacturing projects across
Canada with a total value of
$59M. To date, NGen has funded 211
Cluster projects involving 483 industry partners and 313 research
groups, resulting in $7.2 billion in
new sales and the creation of 66 new companies and 3,901 direct
jobs. NGen's investments continue to drive innovation and economic
growth in the manufacturing and technology sectors, reinforcing
Canada's leadership in advanced
manufacturing.
Quotes
"By investing in innovation and in research, we're supporting
high-quality, highly skilled jobs right here in B.C. and across
Canada. Today's announcement,
along with the 14 other projects under the NGen initiative,
represent one more step towards a future that will be made better
by today's innovations."
-The Honourable Carla Qualtrough, Minister of Sport and Physical
Activity
About NGen
NGen is the industry-led not-for-profit organization that leads
Canada's Global Innovation Cluster
for Advanced Manufacturing. Its mandate is to help build
world-leading advanced manufacturing capabilities for the benefit
of Canadians. NGen works to strengthen collaboration among its
membership of more than 9,000 manufacturers, technology companies,
innovation centres, and researchers, and provides funding and
business support to industry-led initiatives that aim to develop,
apply, or scale-up transformative manufacturing solutions in
Canada for commercialization in
global markets. www.ngen.ca/membership
SOURCE Canadian Heritage