Anovion Battery Materials Selected to Receive $117 Million Grant under the Bipartisan Infrastructure Law for Battery Materials Processing and Manufacturing
Summary
Anovions existing qualified commercial products, process technologies, focus on R&D, and experienced team uniquely position this project for success.Anovion plans to build a new, large-scale manufacturing facility producing 35,000 tons per annum of synthetic graphite anode materials for lithium-ion batteries used in electric vehicles (EV), energy storage systems, personal e-mobility, medical devices and military and aerospace, as well as other industrial applications. This project will supplement the expansion of Anovions existing manufacturing capacity near Niagara Falls, NY, notably the only qualified U.S. source of battery-grade synthetic graphite anode material commercially shipping product today.The countrys ability to produce synthetic graphite battery anode materials is essential to competitiveness across many industries as batteries are critical to the ongoing transition to the new energy economy, enabling decarbonization, lower energy costs, and resilient power grids. Establishing a domestic lithium-ion battery supply chain directly impacts several strategic imperatives, including national security interests, a robust economic growth, and environmental stewardship.Mr. Stopka added, Our sincere thanks to customers, partners, community, stakeholders, suppliers, and employees that came together to make this exciting moment in Anovions history a possibility and we look forward to sharing continued progress as we work to grow a resilient, secure and sustainable North American battery supply chain. Now a leader in synthetic graphite lithium-ion battery anode materials innovation and manufacturing, Anovions products were the first made in North America to gain qualification for EV applications.