Nano One Materials Corp (CVE:NNO) (OTCPINK:NNOMF) (FRA:LBMB) said Tuesday that results from the durability test on its high voltage cobalt-free battery confirmed its stability at high operating temperatures.
The results indicate that the batteries would be stable at the high temperatures necessary for automotive, power tool and energy storage applications, the Vancouver-based company told shareholders.
Nano One’s lithium nickel manganese (LNM) battery enables the benefits of increased voltage, elevated operating temperatures and fast charging, by eliminating failure from gassing in the first few cycles and failure from manganese contamination of the anode in the first 100 cycles, according to the company.
The cobalt-free, low-cost cathode material operates at 4.7 volts, which is 25% higher than commercial high nickel cathodes. Battery pack models indicate that LNM cathodes may reduce costs by over 30% compared to high nickel NMC materials, according to Nano One.
"Nano One has achieved over 500 fast charge and discharge cycles at 45°C, in an innovative battery design that pairs its high-voltage LNM cathode with a conventional electrolyte and a graphite anode,” said Stephen Campbell, Nano One’s CTO in a statement.
Campbell added that the tests also reached 1,000 fast charge and discharge cycles at 25°C, demonstrating the battery’s ability to overcome issues of excessive gassing, anode contamination and poor cycling.
"Nano One has developed processes, materials and now a battery innovation to enable our novel cathode materials for the future of lithium-ion batteries," Campbell said. "We are excited by the commercialization and partnership opportunities of this latest breakthrough."
Independent evaluations are currently underway within the automotive and battery supply chain demanding lower cost, higher voltage and improved safety without compromising longevity and performance, the firm added.
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