NanoGraf Wins Government Contract To Build Better Batteries
FREMONT, CA: NanoGraf manufactures advanced battery materials, including silicon-anode technology that allows them to produce lithium-ion batteries that last longer, are more powerful, and have a higher energy density. In addition to working with more than 50 companies, NanoGraf has strategic partnerships with over 12 companies in the electric mobility industry.
NanoGrafs twin mission is to continually improve battery performance and to be a great partner for our customers across sectors, including government, automotive, and consumer electronics, said Connor Hund, Chief Operating Officer. This contract ensures continued improvements in battery performance and a more reliable supply chain as we bring our silicon-anode technology to scale.
NanoGraf, a battery material company for lithium-ion batteries, plans to set forth battery materials production in a new office and manufacturing facility in Chicago. The 17,000 square foot facility is located on the Near West Side adjacent to Fulton Market District at 400 N. Noble
The company will start production in the fourth quarter of 2023, with an expected phase one material production capacity of 35 tons per year, which is enough for 24 million battery cells. The company has plans to increase to 1000 tons of material production per year by 2024.
As part of NanoGraf's existing domestic material production strategy and as part of the company's plans to support the electric vehicle market by 2024, the 18-month contract complements the company's existing domestic material production strategy. The company plans to produce 1,000 tons of silicon anode material per year when it scales to 35 tons per year. Graphite anodes with lower performance will be priced in line with NanoGrafs' proprietary silicon oxide material design.
The contract announcement comes on the heels of NanoGraf setting the new industry a benchmark for the most energy dense lithium ion 18650 battery. The next energy cell will increase the energy density of batteries over 20 percent.
Illinois is poised to become a leader in the electric vehicle revolution, thanks to leaders in our state like NanoGraf. With its groundbreaking research and production of light-weight, energy dense batteries, NanoGraf is helping define the next generation of consumer and military vehicles, said Senator Dick Durbin. Im pleased to see the Department of Defense recognize the value in supporting NanoGrafs mission, which will improve our military readiness and have immeasurable applications across industry.
