HPQ Silicon Anode Battery Tech Wins 3rd Party Validation With €90,000 Grant By French Bank of Public Investments. Plans To Seek Additional Grant Up to €2M
In the realm of electric vehicle (EV) batteries, the anode serves as a critical component, acting as a storage vessel for lithium ions. Graphite anodes, the current market dominators, have reached their peak energy density. This limitation prompts a shift toward Silicon-based anodes, offering 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.
However, Silicon anodes face challenges in degradation during charging cycles.
ENTER HPQ SILICON INC. (TSX-V: HPQ) (OTCQB: HPQFF)
HPQ Silicon is a technology company specializing in green engineering for silicon manufacturing. Positioned strategically to become a key supplier for Silicon materials in battery anodes, HPQ Silicon’s efforts align with the US and Canadian governments’ initiatives to establish domestic battery manufacturing ecosystems.
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 engineered SiOx materials position it as a crucial player in meeting the evolving needs of the electric vehicle industry while addressing supply chain vulnerabilities.
GRANT PROVIDES MORE THAN FUNDING – IT PROVIDES 3RD PARTY VALIDATION
In a groundbreaking leap toward transforming the landscape of battery technologies, HPQ Silicon Inc.’s affiliate, Novacium SAS, has been awarded a prestigious €90,000 French Tech Emergence Grant. This grant, administered by the French Bank of Public Investments, reflects not only Novacium’s prowess in “deep tech” projects but also its dedication to advancing the realm of highly engineered SiOx-based anode materials for batteries.
BERNARD TOURILLON CEO OF HPQ SILICON
“Today’s news, which can be considered a big milestone, validates our strategic partnership with Novacium and strengthens our collective position in the global market for reliable, sustainable and innovatively engineered SiOx battery materials.”
SIOX-BASED ANODE MATERIALS FOR BATTERIES
Novacium’s innovative project focuses on revolutionizing the entire value chain of SiOx-based anode materials for batteries, addressing critical challenges in the lithium battery industry. The ongoing SiOx battery tests, anticipated to yield promising results, position Novacium to seek additional deep-tech financing, potentially up to €2 million, propelling their project to a pre-commercial stage.
RIGOROUS SELECTION PROCESS PASSED BEFORE GRANT BY FRENCH BANK OF PUBLIC INVESTMENTS
The grant approval follows a rigorous selection process by the French Bank of Public Investments, validating Novacium’s deep-tech characteristics and its project’s innovativeness and industrial impact in both France, as well as, on a global scale.
Mr. Jed Kraiem, COO of Novacium, notes that the recent recognition from the French government underscores the significant industrial impact of their work, reinforcing the value proposition of their groundbreaking project.
MARKET SIZE FOR ENGINEERED SIOX ANODE MATERIALS IS EXPANDING
As the market for engineered SiOx anode materials expands, Novacium emerges as a key player, with projections indicating a potential demand of 300,000 tons by 2030, valued at an estimated US$15 billion.
A PIVOTAL MOMENT IN THE TRAJECTORY OF SIOX BASED BATTERY MATERIAL
Novacium’s recent achievement and the substantial grant from BPI underscore a pivotal moment in the trajectory of SiOx-based battery materials. With ongoing tests poised to reveal transformative results, Novacium’s commitment to shaping the future of battery technologies is undeniable.
Sit back, relax and watch this powerful interview with Bernard Tourillon, President and CEO of HPQ Silicon Inc. and NOVACIUM SAS.
