Nano One Materials Candiac, a subsidiary of cleantech leader Nano One Materials, has received $18 million in funding from the Government of Québec to advance its lithium-ion battery technology.
This includes a $15 million loan from the Ministry of the Economy, Innovation and Energy (MEIE) through Investissement Québec and a $3 million grant from the Ministry of the Environment, the Fight against Climate Change, Wildlife and Parks (MELCCFP).
The funding will support the piloting and commercialization of Nano One’s patented One-Pot™ process, as well as the expansion of its lithium iron phosphate (LFP) production facility in Candiac, Québec. The One-Pot process integrates key production steps, reducing costs, energy use, and environmental impacts.
Nano One CEO Dan Blondal praised Québec’s leadership in the battery sector, stating, “Candiac is positioned as a center of excellence for larger-scale production and a localized supply chain that reduces the environmental footprint of batteries.”
The $15 million loan covers approximately $63.4 million in eligible expenditures through 2026, with repayments beginning in 2028. The $3 million grant will offset costs associated with cleaner manufacturing practices.
The Candiac facility, North America’s only existing LFP production site, was acquired by Nano One in 2022. The plant’s 200-ton-per-annum pilot line was successfully commissioned in 2023, with further capacity expansions planned for 2025 and 2026. The Québec funding complements $12.9 million in U.S. Department of Defense support announced earlier this year.
Government officials, including Ministers Christine Fréchette and Benoit Charette, emphasized the initiative’s role in positioning Québec as a global leader in the battery sector, aligning with energy transition goals. The support solidifies Nano One’s position in the North American supply chain for electric vehicles, energy storage systems, and defense applications.