The grant, administrated by the
"Novacium's recognition by BPI as an innovative project with significant industrial impact underscores the value of our work," said Mr.
BPI approved the grant following a rigorous selection process which involves having its sector experts validate the Novacium's deep-tech characteristics and the project's innovativeness combined with its industrial impact in
“We are thrilled with Novacium's recent achievement and the BPI grant,” said Mr.
ENGINEERED SiOx BASED ANODE MATERIALS MARKET IS EXPANDING
A major trend in the lithium battery industry is the introduction of small amounts (between 5% and 10%) of silicon oxide (SiOx) based additives into graphite composite electrodes. This is due to the fact that pure graphite anodes have essentially achieved their maximum performance in terms of energy density [1].
Silicon is the most promising candidate that can drastically improve the anode performance (more than 10 times), but its industrial application is very limited due to unresolved issues related to volumetric expansion. The use of engineered SiOx materials, instead of pure silicon, enables overcoming this problem and increases battery capacity without significant degradation of the battery's lifetime.
This new reality is driving a surge in demand for advanced silicon-containing anode materials. As of 2023, this market is valued between
It's important to highlight that silicon-based materials for Li-ion batteries currently make up a relatively small portion, accounting for less than 10%, of the global demand for graphite, which is primarily used in the manufacture of anode materials for Li-ion batteries. This graphite market is estimated to be worth
“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,” added
REFERENCE SOURCES
[1] The
[2]
[3] The global silicon anode battery market is likely to be valued at
[4]
[5] According to Future Market Insights, the global silicon anode battery market is Estimated to Reach
[6] Based on the analysis by Fact.MR, the global graphite market is valued to be
About NOVACIUM SAS
Novacium is green technology startup based in
About
HPQ is developing, with the support of world-class technology partners PyroGenesis Canada Inc. and NOVACIUM SAS, new green processes crucial to make the critical materials needed to reach net zero emissions.
HPQ activities are centred around the following four (4) pillars:
1) Becoming a green low-cost (Capex and Opex) manufacturer of Fumed Silica using the FUMED SILICA REACTOR, a proprietary technology owned by HPQ being developed for HPQ by PyroGenesis.
2) Becoming a zero CO2 low-cost (Capex and Opex) producer of High Purity Silicon (2N+ to 4N) using our PUREVAPTM “Quartz Reduction Reactors” (QRR), a proprietary technology owned by HPQ being developed for HPQ by PyroGenesis.
3) Becoming a producer of silicon-based anode materials for battery applications with the assistance of NOVACIUM SAS.
4)
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This press release contains certain forward-looking statements, including, without limitation, statements containing the words "may", "plan", "will", "estimate", "continue", "anticipate", "intend", "expect", "in the process" and other similar expressions which constitute "forward-looking information" within the meaning of applicable securities laws. Forward-looking statements reflect the Company's current expectation and assumptions and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Company's ongoing filings with the security’s regulatory authorities, which filings can be found at www.sedar.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws.
Neither the
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Email: Info@hpqsilicon.com
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