January 17, 2024
BY Staff Writer
Li-Metal has announced an advancement in the development of next-generation battery materials, crucial for the transition to electrification, backed by the Ontario Vehicle Innovation Network (OVIN).
Key Highlights:
- Partnership with Lyten: Li-Metal's collaboration with advanced materials company Lyten is set to strengthen Ontario's auto and EV battery supply chain.
- Funding from OVIN: The Ontario government provided $930,826 to Li-Metal, supporting the advancement of lithium metal technology.
- Total Project Value: The project, worth $2,820,684, aims to enhance Li-Metal's production and refining capabilities for battery-grade lithium metal.
- Innovative Technology: Li-Metal is working on scaling up the production of lithium metal ingots using reprocessing technology.
- Project Completion: About 25% completed, the project is expected to conclude in 2025.
Industry Impact:
- Strengthening Supply Chain: This project is crucial for establishing a North American supply chain for next-generation batteries.
- Carbonate-to-Metal (C2M) Technology: Li-Metal's patented C2M technology offers a sustainable and cost-effective solution for producing lithium metal directly from lithium carbonate.
- Demand and Capacity: Demand for lithium metal is expected to surge to over 40,000 tonnes by 2030, highlighting the importance of this technology.
Statements from Key Figures:
- Vic Fedeli, Minister of Economic Development: Praised the partnership for contributing to the province's battery production capabilities.
- Celina Mikolajczak, Chief Battery Technology Officer at Lyten: Commended Li-Metal's innovative approach and looks forward to future collaboration.
- Raed Kadri, Head of OVIN: Emphasized the importance of the project in building a resilient battery supply chain in Ontario.
- Srini Godavarthy, CEO of Li-Metal: Expressed gratitude for the support and the company's commitment to enhancing the battery supply chain.
