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HPQ Silicon Attracting Interest From Participants In The Battery Anode Material Industry

Posted by Alavaro Coronel at 9:08 PM on Tuesday, October 8th, 2024

If you suffer from range anxiety when it comes to considering an electric vehicle, you’ll be interested to know that silicon is the holy grail to potentially solving capacity issues for EV batteries.  Silicon-based anodes have up to 10 times the energy density of a graphite-based anode, which is why Porsche, Mercedes and GM are betting on silicon-anode batteries

However, while silicon-based anode materials hold great promise for batteries, they are known to suffer from significant degradation during charging and discharging cycles. Solving this problem could open up a market for silicon anode materials that could reach $130B by 2033.

ENTER HPQ SILICON INC. (TSX-V: HPQ) (OTCQB: HPQFF)

HPQ Silicon has unveiled a breakthrough that could significantly disrupt the battery industry. In today’s interview, CEO Bernard Tourillon discussed HPQ’s latest achievements. The standout feature? Their batteries have achieved an impressive 3,600+ mAh capacity with 93% retention after 300 cycles. This milestone, according to Tourillon, brings the company closer to solving the “Holy Grail” of battery longevity. As investors look for solutions in the growing battery market, HPQ’s advancement marks a step toward commercialization with potential widespread industry impact.

SUPERIOR PERFORMANCE SETTING NEW INDUSTRY STANDARDS

HPQ’s GEN3 batteries have not only exceeded expectations, but they’ve also outperformed many industry benchmarks with their most recent 300 cycle performance results. “Most competitors don’t discuss progress beyond 300-500 cycles, but we’ve already reached these significant milestones,” noted Tourillon.

This consistent performance, combined with high efficiency in their 100% pure graphite battery, puts HPQ at the forefront of innovation in the battery materials sector. The real intrigue lies in the company’s ability to continue improving these metrics, raising the bar for future battery technology.

MARKET POTENTIAL AND GROWING INDUSTRY INTEREST

HPQ’s technology is capturing attention from key industry players. Tourillon confirmed that the company is already in pre-NDA and pre-LOI discussions with potential partners, a sign of significant interest in their patented continuous silicon oxide manufacturing process. Why? This process not only potentially triples production capacity but also slashes costs and energy consumption, making it a highly attractive solution for an industry hungry for scalable and efficient technologies.

STRATEGIC VISION AND PARTNERSHIP POTENTIAL

HPQ isn’t just about R&D; it’s about execution. Tourillon outlined the company’s ambitious business plan to fully integrate their advanced materials into the battery industry. With a provisional patent application underway and talks with industrial groups in Europe, HPQ is poised to scale up rapidly. “We are accelerating in the right direction,” said Tourillon, expressing confidence in the partnerships that could cement HPQ as a major player in the battery materials space.

CONCLUSION: A SMALL CAP WITH BIG PROSPECTS

HPQ’s breakthroughs, especially in achieving high-performance cycles and pioneering scalable production methods, position the company as a serious contender in the rapidly expanding battery market. With the right partnerships and continued innovation, HPQ Silicon is set to deliver solutions that could revolutionize battery performance.

To hear Bernard Tourillon delve deeper into HPQ’s vision, market strategy, and groundbreaking technologies, watch the full interview now.

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HPQ Silicon At The Forefront Of Revolutionizing Fumed Silica Manufacturing

Posted by Alavaro Coronel at 8:21 AM on Monday, September 30th, 2024

If you are looking for an emerging small cap stock that is literally shattering the performance metrics of an old conventional industry, then you are going to love this interview with HPQ Silicon.

Why? Silicon Metal manufacturing is the largest emitter of CO2 on a per ton basis  on the planet.  HPQ Silicon is on the verge of shattering the manufacturing process of fumed Silica which is used in cosmetics, toothpaste & powdered foods – but needs to burn silicon in the process.

How disruptive is the HPQ Silicon Process?

Energy Consumption—————–Up to 92% Lower

Greenhouse Gases——————-Up to 99.9% Lower

Hydrogen Chloride Gas————–Complete Elimination

CAPEX——————–————— 93% Less

These reductions led to HPQ Signing A Letter of Intent with Evonik Corporation, a $10 Billion company and the inventor of fumed Silica, on July 9, 2024.

MAJOR MILESTONE REACHED IN SUSTAINABLE SILICA PRODUCTION

HPQ Silicon announced a significant milestone with the successful commissioning of its proprietary Fumed Silica Reactor (FSR). This development is a key step in the commercialization of HPQ’s innovative technology, designed to meet the growing demand for fumed silica produced in a safer, more energy-efficient manner.

TRANSITIONING TO COMMERCIAL SCALE

The commissioning of the company’s pilot plant marks the transition from laboratory to pilot plant operations, enabling HPQ to begin batch production of fumed silica. President and CEO Bernard Tourillon remarked,

“We are highly confident that the next steps in the program will be completed successfully. This is a unique opportunity, and we are proud to be at the forefront of a transformation that will revolutionise fumed silica manufacturing.”

Key highlights from the press release include:

  • Pilot Plant Readiness: The FSR pilot plant is now fully operational, preparing to produce commercial-grade silica samples for external testing.
  • Market Potential: The fumed silica market is experiencing increased demand, with a focus on safer production methods, as noted by PyroGenesis CEO P. Peter Pascali: “The Fumed Silica project is an important project for PyroGenesis… due to the overall market size and breadth for fumed silica and the increasing demand for a safer production method.”
  • Strategic Partnerships: HPQ is collaborating with industry leaders like Evonik, ensuring that produced materials meet high industry specifications.

PRODUCTION GOALS AND MARKET POSITIONING

As HPQ enters the batch production phase, the primary objective will be to validate the process’s ability to replicate essential physical properties of fumed silica. With plans to optimize pilot plant operations by Q1 2025, HPQ aims to produce food- and pharma-grade fumed silica.

Investors should note that, with the potential for a commercial-scale operation producing 1,000 tonnes per year, HPQ Silicon Inc. is well-positioned to capture a significant share of a market characterized by rapidly growing demand and limited supply from traditional production methods.

With the successful commissioning of the FSR pilot plant, HPQ Silicon stands at the forefront of a pivotal shift in the fumed silica market. This achievement not only validates the company’s innovative technology but also positions it strategically for future growth. As HPQ advances through the upcoming production phases, this may well be the moment that investors have been waiting for—an opportunity to engage with a company poised for substantial success in a burgeoning industry.

To gain further insights into HPQ’s strategic vision and operational milestones, we invite you to watch the full interview with CEO Bernard Tourillon.

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HPQ Silicon Says More Companies Are Knocking On Its Door

Posted by Alavaro Coronel at 6:32 PM on Tuesday, September 3rd, 2024

In electric vehicle (EV) batteries, the anode serves as a critical component, acting as a storage vessel for lithium ions that are then released when the battery powers the car. Major players like Porsche, Mercedes, and GM are embracing this technology, recognizing its potential to revolutionise EV performance.

However, while silicon-based anode materials hold great promise for batteries, they are known to suffer from significant degradation during charging and discharging cycles. Solving this problem could open up a market for silicon anode materials that could reach $130B by 2033.

ENTER HPQ SILICON INC. (TSX-V: HPQ) (OTCQB: HPQFF)

HPQ Silicon is positioning itself to become a key supplier of Silicon materials in battery anodes, which aligns with the US and Canadian government initiatives to establish domestic battery manufacturing ecosystems in an effort to reduce reliance on China.

Novacium, HPQ’s France-based affiliate, owns patents enhancing anode material performance, particularly in silicon-based Lithium ion batteries.

With the pressing demand for domestic battery material suppliers, HPQ Silicon’s advancements in silicon-based anode material position it as a crucial player in meeting the evolving needs of the electric vehicle industry while addressing supply chain vulnerabilities.

GEN3 ANODES DELIVER 40% HIGHER CAPACITY THAN TRADITIONAL GRAPHITE BATTERIES

The latest performance data for GEN3 silicon-based anode materials demonstrates an impressive leap in battery efficiency and longevity, setting a new benchmark in the industry. This update reveals that GEN3 anodes deliver 40% higher capacity than traditional graphite batteries, even after 100 charge-discharge cycles, underscoring HPQ’s leadership in advanced battery technology. The data also highlights a 26% increase over the previous GEN1 material and a 15% improvement over GEN2 with minimal degradation compared to the graphite benchmark, at less than 0.5%.

WORDS FROM BERNARD TOURILLON, PRESIDENT AND CEO OF HPQ SILICON INC.

“Our material integrates seamlessly into existing manufacturing processes, allowing manufacturers to adopt these cutting-edge battery anode materials without the need for costly retooling or overhauls.” This advancement not only enhances performance but also facilitates easier and cost-effective adoption across the industry.

Strategic Developments and Future Outlook:

  • Broader Industry Interest: HPQ Silicon is witnessing increasing interest from various sectors of the battery industry. The company’s GEN3 anodes are compatible with existing manufacturing processes, which simplifies integration for battery producers without necessitating costly retooling.
  • Positive Market Impact: Despite recent industry setbacks, such as delays in EV production and range-related concerns, HPQ Silicon views these challenges as opportunities. The strong demand for high-performance batteries remains, and HPQ’s innovations are well-positioned to meet this need.
  • Balance Sheet Strengthening: HPQ’s strategic investments also extend beyond battery technology. The company’s shares in Quebec Innovative Materials Corp. (QIMC) have appreciated significantly, enhancing its financial standing. HPQ holds 3 million shares and 1.5 million warrants, with plans to manage this asset effectively to support ongoing projects.

FUMED SILICA UPDATE

The conversation shifts to fumed silica and it’s clear there’s a lot of anticipation and progress. Bernard confirms that the pilot plant, a crucial step in the project, is right on schedule to be completed by the end of the third quarter. Bernard visited the plant and was pleased to see everything moving forward smoothly.

Evonik, a key partner, is requesting regular updates, indicating strong interest and involvement. Additionally, there’s excitement about renewed interest from other parties, suggesting the project is gaining traction and attention in the industry.

CONCLUSION

HPQ Silicon’s latest achievements with their GEN3 silicon-based anode materials mark a pivotal moment in battery technology. By significantly enhancing capacity and minimizing degradation, the company is not only pushing the boundaries of performance but also paving the way for broader adoption of high-efficiency batteries. This breakthrough underscores HPQ’s commitment to innovation and positions it as a leader in the green technology sector.

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Lithium-Ion Batteries Augmented With HPQ Silicon Are On The Verge Of Setting World Capacity Record

Posted by Alavaro Coronel at 8:59 AM on Thursday, August 22nd, 2024

In electric vehicle (EV) batteries, the anode serves as a critical component, acting as a storage vessel for lithium ions that are then released when the battery powers the car. Major players like Porsche, Mercedes, and GM are embracing this technology, recognizing its potential to revolutionise EV performance.

However, while silicon-based anode materials hold great promise for batteries, they are known to suffer from significant degradation during charging and discharging cycles. Solving this problem could open up a market for silicon anode materials that could reach $130B by 2033.

ENTER HPQ SILICON INC. (TSX-V: HPQ) (OTCQB: HPQFF) 

HPQ Silicon is positioning itself to become a key supplier of Silicon materials in battery anodes, which aligns with the US and Canadian government initiatives to establish domestic battery manufacturing ecosystems in an effort to reduce reliance on China.

Novacium, HPQ’s France-based affiliate, owns patents enhancing anode material performance, particularly in silicon-based Lithium ion batteries.

With the pressing demand for domestic battery material suppliers, HPQ Silicon’s advancements in silicon-based anode material position it as a crucial player in meeting the evolving needs of the electric vehicle industry while addressing supply chain vulnerabilities.

1 OF ONLY 3 COMPANIES IN THE WORLD TO SURPASS 4,000 mAh

The Company’s GEN3 batteries have reached an impressive average capacity of 4,030 mAh, nearing the current world record of 4,095 mAh. Dr. Jed Kraiem, COO of Novacium, remarked, “As we anticipated, our GEN3 materials have exceeded the 4,000 mAh mark, making us one of just three companies worldwide to achieve such results. We are optimistic about further advancements, with GEN4 materials potentially pushing capacities beyond 4,300 mAh.”

OUTPERFORMING TRADITIONAL GRAPHITE BY 40% IN CAPACITY AFTER 50 CHARGE-DISCHARGE CYCLES

The latest test results showcase their GEN3 silicon-based anode material outperforming traditional graphite by 40% in capacity after 50 charge-discharge cycles.

Key Milestones and Market Impact

  • Superior Performance: Outperformed previous GEN1 and GEN2 materials by 25% and 15%, respectively.
  • Consistency and Durability: Notably, GEN3 batteries demonstrated minimal degradation, retaining nearly 100% of their capacity after 50 cycles, matching the performance stability of graphite-based batteries.
  • Future Outlook: With the GEN3 material already showing exceptional results, NOVACIUM’s COO, Dr. Jed Kraiem, is optimistic about the potential for GEN4 batteries to exceed the 4,400 mAh threshold, further enhancing battery performance.

PATHWAY TO COMMERCIALIZATION 

The conversation highlights a critical point: HPQ Silicon’s strategic positioning is designed to leverage their technological advancements and attract significant partners. The company’s structure, including its investment in Novacium, aims to enhance its market position and ensure that it can scale effectively.

Tourillon emphasises that while full details on future plans and ownership transitions are not disclosed, HPQ Silicon is in a strong position to capitalise on its innovations. The company’s strategic manoeuvres, including potential future acquisitions or increased stakes, will be guided by ongoing discussions and market developments.

LOOKING FORWARD

As HPQ Silicon continues to advance its battery technology, the company remains focused on its goal of pushing the boundaries of performance and scalability. The excitement surrounding their innovations and the positive industry response suggest a bright future for HPQ Silicon as it navigates the evolving market landscape.

With growing industry interest, strategic investments, and ongoing advancements, the company is well-positioned to achieve its goal of delivering the world’s best performing silicon anode materials.

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World Battery Record Within Reach For HPQ Silicon Anode Technology

Posted by Alavaro Coronel at 8:15 AM on Wednesday, July 31st, 2024

In electric vehicle (EV) batteries, the anode serves as a critical component, acting as a storage vessel for lithium ions that are then released when the battery powers the car. Major players like Porsche, Mercedes, and GM are embracing this technology, recognizing its potential to revolutionize EV performance.

However, while silicon-based anode materials hold great promise for batteries, they are known to suffer from significant degradation during charging and discharging cycles. Solving this problem could open up a market for silicon anode materials that could reach $130B by 2033.

ENTER HPQ SILICON INC. (TSX-V: HPQ) (OTCQB: HPQFF) 

HPQ Silicon is positioning itself to become a key supplier of Silicon materials in battery anodes, which aligns with the US and Canadian government initiatives to establish domestic battery manufacturing ecosystems in an effort to reduce reliance on China.

Novacium, HPQ’s France-based affiliate, has acquired patents enhancing anode material performance, particularly in silicon-based Lithium ion batteries.

With the pressing demand for domestic battery material suppliers, HPQ Silicon’s advancements in silicon-based anode material position it as a crucial player in meeting the evolving needs of the electric vehicle industry while addressing supply chain vulnerabilities.

1 OF ONLY 3 COMPANIES IN THE WORLD TO SURPASS 4,000 mAh

The Company’s GEN3 batteries have reached an impressive average capacity of 4,030 mAh, nearing the current world record of 4,095 mAh. Dr. Jed Kraiem, COO of Novacium, remarked, “As we anticipated, our GEN3 materials have exceeded the 4,000 mAh mark, making us one of just three companies worldwide to achieve such results. We are optimistic about further advancements, with GEN4 materials potentially pushing capacities beyond 4,300 mAh.”

A 45% IMPROVEMENT OVER GRAPHITE BATTERIES

The new GEN3 silicon-based anode material demonstrates a remarkable 45% improvement over traditional 100% graphite batteries.  These advancements are illustrated in this performance graph, which highlights the results versus 2,780 mAh with standard graphite batteries to the current 4,030 mAh with HPQ’s GEN3 material.

INDUSTRY IMPLICATIONS AND FUTURE PROSPECTS

The integration of Novacium’s advanced anode materials represents a significant leap forward in battery technology, potentially accelerating the adoption of high-performance batteries across various industries.

Bernard Tourillon, President and CEO of HPQ Silicon Inc. and Novacium SAS, emphasized, “Our ability to produce full-size 18650 batteries with enhanced performance not only showcases our technological prowess but also facilitates smoother transitions for manufacturers, reducing costs and accelerating market deployment.”

PATH TO COMMERCIALIZATION AND STRATEGIC PARTNERSHIPS

While immediate commercialization may not be on the horizon, the company is exploring strategic partnerships to expedite production. Bernard noted ongoing discussions with companies interested in large-scale industrial applications and emphasized the broader potential of their technology. This includes the ability to produce silicon metal, synthetic green fuel, and advanced battery components. The company’s progress, including a letter of intent (LOI) with a major battery firm, highlights their commitment to overcoming challenges and achieving commercial success.

Conclusion: A New Era in Battery Innovation

HPQ’s achievement is more than just a technical milestone; it marks a pivotal moment in the evolution of battery technology. By surpassing the 4,000 mAh barrier and paving the way for even higher capacities with future materials,  HPQ Silicon is setting new standards in energy density and performance.

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HPQ Silicon Begins Offtake Agreement Discussions With World’s Largest Fumed Silica Company

Posted by Alavaro Coronel at 8:17 AM on Wednesday, July 24th, 2024

HPQ Silicon is on the verge of disrupting the manufacturing process of Fumed Silica and becoming the sole provider capable of satisfying the strong demand for low carbon Fumed Silica products.

How disruptive is the HPQ Silicon Process?

  • Energy Consumption  90% Lower
  • Greenhouse Gases  84-88% Lower
  • Capital Costs 93% Lower
  • Hydrogen Chloride Gas Complete Elimination

LOI WITH EVONIK – WORLD’S LARGEST FUMED SILICA PRODUCER

Evonik Industries AG is a publicly-listed German specialty chemicals company. It is the second-largest chemicals company in Germany, and one of the largest specialty chemicals companies in the world

  • REVENUES: 12.2 Billion EUR
  • MARKET CAP:  8.97 Billion EUR ($13.2 Billion Canadian)
  • EMPLOYEES: 34,000

UNVEILING FUMED SILICA

Fumed Silica, a versatile micro-powder, isn’t just another industrial substance. Its potential to reshape numerous industries, from cosmetics and toothpaste to powdered foods, makes it a game-changer across personal care, pharmaceuticals, agriculture, adhesives, construction, batteries, and beyond.

A KEY MILESTONE IN COMMERCIALIZATION

Today marks a pivotal advancement towards scaling up the production of fumed silica material. Key highlights include:

  • Progress Update: The pre-commissioning phase has been successfully completed, paving the way for the pilot plant to enter its commissioning stage.
  • Market Impact: The upcoming pilot plant operations are poised to demonstrate the capability to produce commercial-grade fumed silica material, crucial for potential future partnerships and market penetration.

PROJECT TIMELINE AND OPERATIONAL GOALS

The project timeline outlines a phased approach towards achieving operational milestones:

  • Q3 2024: Transition to batch protocol operations, focusing on producing fumed silica material with specific surface areas akin to lab-scale achievements.
  • Q4 2024: Commence semi-continuous operations to produce initial commercial-grade samples, with ongoing testing to ensure quality standards.
  • Q1 2025: Optimization phase targeting food/pharma-grade material production, enhancing the product’s market versatility and application potential.

Bernard Tourillon, President & CEO of HPQ Silicon and HPQ Silicon Polvere, expressed confidence in the project’s success: “We are on the verge of demonstrating at pilot scale the incredible potential of our FSR technology. This marks a significant step towards revolutionizing fumed silica manufacturing.”

CONCLUSION

The commissioning of the FSR pilot plant represents a pivotal moment for HPQ Silicon Inc., showcasing its dedication to technological innovation and market leadership in the silica and silicon-based materials sector.

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With World Record In Sight – HPQ Silicon Advancement in Li-Ion Battery Tech Unleashes $130B Silicon Anode Market Potential

Posted by Alavaro Coronel at 7:34 AM on Friday, July 19th, 2024

In electric vehicle (EV) batteries, the anode serves as a critical component, acting as a storage vessel for lithium ions that are then released when the battery powers the car. Major players like Porsche, Mercedes, and GM are embracing this technology, recognizing its potential to revolutionize EV performance. However, while silicon-based anode materials hold great promise for batteries, they are known to suffer from significant degradation during charging and discharging cycles. Solving this problem could open up a market for silicon anode materials that could reach $130B by 2033.

ENTER HPQ SILICON INC. (TSX-V: HPQ) (OTCQB: HPQFF)

HPQ Silicon is positioning itself to become a key supplier of Silicon materials in battery anodes, which aligns with the US and Canadian government initiatives to establish domestic battery manufacturing ecosystems in an effort to reduce reliance on China.

Novacium, HPQ’s France-based affiliate, has acquired patents enhancing anode material performance, particularly in silicon-based Li-ion batteries. With the pressing demand for domestic battery material suppliers, HPQ Silicon’s advancements in silicon-based anode material position it as a crucial player in meeting the evolving needs of the electric vehicle industry while addressing supply chain vulnerabilities.

BREAKTHROUGH PERFORMANCE AND STRATEGIC VISION

Cycle Performance: Bernard shared impressive results from their spread analysis, with the silicon material maintaining over 3,200 mAh after 150 cycles. This performance reflects a 33% improvement in R&D advanced material. Despite the results being visually understated, the data confirms substantial progress.
Future Goals: HPQ is setting its sights on achieving a world record with Gen. 3 technology, targeting an average of over 4,000 mAh.
Bernard hints at ongoing developments but remains cautious about revealing specific details due to competitive considerations.

KEY INNOVATIONS AND MARKET POTENTIAL

Silicon vs. Graphite: Silicon-based anodes are emerging as game-changers, boasting 10x the energy density of their graphite counterparts. Despite their potential, silicon anodes have struggled with degradation issues during battery cycles. HPQ’s latest advancements aim to overcome these challenges, setting the stage for significant industry disruption.
Canadian Government Upgrade: Recently, The Canadian Minister of Natural Resources emphasized the significance of critical minerals as the building blocks for the green and digital economy. There is no energy transition without critical minerals: no batteries, no electric cars, no wind turbines, and no solar panels. Bernard emphasizes that this material not only outperforms current options but also offers superior longevity, crucial for the next generation of EV batteries. “Our material’s ability to withstand more cycles before degradation is a major breakthrough,” Bernard states.

INDUSTRY SHIFTS AND STRATEGIC PARTNERSHIPS

Silicon Battery Advancements: The shift from graphite to silicon-based materials is driven by improved performance and reduced carbon footprint. HPQ’s lead in generating carbon credits and the potential to repatriate manufacturing from Asia underscores the strategic importance of their technology.
Fumed Silica Project: While the fumed silica project progresses, detailed updates are anticipated to coincide with developments in Gen 3. The ongoing commercial discussions and the involvement of prominent companies are expected to positively impact HPQ.
Conclusion: A Promising Future for Silicon in EV Batteries

HPQ’s advancements in silicon-based anode materials represent a significant leap forward in battery technology, offering both high performance and longevity. As the company navigates critical milestones and strategic partnerships, its innovative approach could redefine industry standards and capture a substantial market share. Industry watchers should stay tuned for further updates and the next phases of HPQ’s ambitious projects.

For a deeper understanding of these exciting developments and their implications for the future of EV batteries, watch the full video interview with Bernard Tourillon President, and CEO of HPQ Silicon.

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HPQ Silicon Signs LOI With Evonik – World’s Largest Fumed Silica Producer

Posted by Alavaro Coronel at 8:20 AM on Wednesday, July 10th, 2024

Following HPQ Silicon’s stock halting announcement today, CEO Bernard Tourillon goes Beyond The Press Release with George Tsiolis of AGORACOM to discuss the implications of the Company’s LOI with Evonik, the global powerhouse specialty chemicals company that actually invented Fumed Silica

WHO IS EVONIK?

Evonik Industries AG is a publicly-listed German specialty chemicals company. It is the second-largest chemicals company in Germany, and one of the largest specialty chemicals companies in the world

REVENUES: 12.2 Billion EUR
MARKET CAP: 8.97 Billion EUR ($13.2 Billion Canadian)
EMPLOYEES: 34,000
Evonik as a leading producer of fumed silica and metal oxides continues to focus on next generation technologies that hold promise for improved sustainability and enhanced product performance that drive industry and societal transformation.

Sit back and enjoy this powerful interview with HPQ Silicon CEO, Bernard Tourillon

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HPQ Silicon Goes “Beyond The AGM” With AGORACOM

Posted by Alavaro Coronel at 12:09 PM on Friday, June 28th, 2024

Following the Company’s 2024 AGM today, CEO Bernard Tourillon goes Beyond The AGM with George Tsiolis of AGORACOM to present the Company’s latest Power Point Presentation.

 

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HPQ Silicon Solving Range Anxiety Could Open New $130 Billion EV Batteries Market

Posted by Alavaro Coronel at 6:20 PM on Wednesday, June 12th, 2024

In electric vehicle (EV) batteries, the anode serves as a critical component, acting as a storage vessel for lithium ions that are then released when the battery is being used to power the car.

Graphite anodes, the current market dominators, have reached their peak energy density. This limitation is prompting a shift toward Silicon-based anodes, which offer up to 10 times the energy density.

Major players like Porsche, Mercedes, and GM are embracing this technology, recognizing its potential to revolutionize EV performance.

But while silicon-based anode materials hold great promise for batteries, they are known to suffer from significant degradation during charging and discharging cycles. Solving this problem will open up a market for silicon anode materials that could reach $130B by 2033.

ENTER HPQ SILICON INC. (TSX-V: HPQ) (OTCQB: HPQFF)

HPQ Silicon is positioning itself to become a key supplier of Silicon materials in battery anodes, which aligns with the US and Canadian government initiatives to establish domestic battery manufacturing ecosystems in an effort to reduce reliance on China.

Novacium, HPQ’s France-based affiliate, has acquired patents enhancing anode material performance, particularly in silicon-based Li-ion batteries. With the pressing demand for domestic battery material suppliers, HPQ Silicon’s advancements in silicon-based anode material position it as a crucial player in meeting the evolving needs of the electric vehicle industry while addressing supply chain vulnerabilities.

OVERALL CAPACITY IMPROVEMENT OF ~30% VS. GRAPHITE BENCHMARK

HPQ announced remarkable results from the initial 50-cycle tests of GEN2 material. These tests demonstrated a 30% improvement in capacity compared to graphite benchmarks and a 14% enhancement over their GEN1 materials, positioning the company at the forefront of the battery innovation race.

MINIMAL DEGRADATION

The GEN2 material displayed minimal cycle degradation, with only about a 1% increase over 50 cycles, indicating robust durability.

STRATEGIC VISION

The results underscore HPQ’s strategic vision to become a leading manufacturer of advanced silicon-based anode materials in North America and Europe.

TRANSFORMING BATTERY TECHNOLOGY

The tests, conducted on 18650 industrial batteries, revealed the following:

  • Capacity Comparison: Batteries with 100% graphite showed an average capacity of 2,775 mAh, while those with GEN1 and GEN2 materials exhibited 3,174 mAh and 3,379 mAh respectively.
  • Durability Insights: Over the 50 cycles, GEN2 materials not only maintained superior capacity but also demonstrated negligible degradation, ensuring longer battery life.

Dr. Jed Kraiem, COO of Novacium, emphasized the practical implications of these results, stating,

“These results continue to showcase our ability to produce a blend of graphite and advanced silicon anode material that can be seamlessly integrated into existing anode manufacturing facilities, improving overall battery performance.”

Bernard Tourillon, President and CEO of HPQ Silicon Inc., noted,

“These achievements open new doors for HPQ as we strive to become a manufacturer of next-gen engineered silicon-based anode materials in jurisdictions that support these types of initiatives.”

As HPQ Silicon Inc. and Novacium continue to push the boundaries of battery technology, their GEN2 anode materials mark a critical step forward. This breakthrough not only highlights HPQ’s innovative capabilities but also underscores its potential for significant market impact.

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