Monday, November 25, 2024

Anovion and Forge Nano Sign Offtake Agreement for the Supply of Synthetic Graphite Anode Powders Optimized With Atomic Armor™ for Next-Generation Lithium-Ion Batteries

 Anovion, an innovation-led, U.S.-based producer of battery materials with the mission of securing the domestic lithium-ion battery supply chain, and Forge Nano, Inc., a global leader in precision nano-coating technology, have signed an agreement for the supply of Anovion’s American-made, commercial-scale synthetic graphite anode products with Forge Nano’s proprietary Atomic Armor surface technology platform for next-generation anode materials.

This agreement ensures security of supply for Forge Nano’s graphite anode demand for their planned lithium-ion battery cell manufacturing. Moreover, it creates a strategic relationship to supply the market with innovative co-developed anode products that utilize the combined strengths of Anovion and Forge Nano technologies, following the companies’ strategic partnership MOU announced in June 2022 to strengthen the U.S. domestic graphite anode battery materials supply chain.

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“We are thrilled to be taking this next step in our partnership with Forge Nano,” said Eric Stopka, Chief Executive Officer of Anovion. “Working together with Forge Nano to atomically optimize the synthetic graphite that we produce for next generation lithium-ion batteries will have long-reaching implications in our transition to the electrified future. We are passionate about building a scalable infrastructure to both support the U.S. battery industry and enhance the country’s energy security. Together with Forge Nano, we are taking steps to make that a reality.”

Incorporating Forge Nano’s Atomic Armor™ technology with Anovion’s synthetic graphite demonstrably enhances particle surface stabilization, leading to performance improvements realized at the battery cell level and beyond. The optimized anode powders have shown higher discharge capacities, and greater stability under a variety of conditions, such as high voltage, fast charge, or high/low-temperature storage and operation.

In addition to its current production capacity in New York and West Virginia, Anovion is developing its first large-scale production facility, which will support the supply of 35,000 tonnes per year of synthetic graphite anode product used in lithium-ion batteries essential to electric vehicles and critical energy storage.

SOURCE: PR Newswire

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