Federal Grant of Up To $3 Million Secured by HPQ for Expediting Market Release of Silicon-Based Battery Components
Canada Awards $3 Million to HPQ Silicon Inc. for Battery Materials Development
HPQ Silicon Inc., a Canadian company specialising in the production of high-purity silicon-based materials, has received a significant boost in its quest to accelerate the commercialisation of its technology. The Government of Canada has awarded the company up to $3 million in funding as part of the Energy Innovation Program's Battery Industry Acceleration call for proposal, administered by Natural Resources Canada.
The funding will help cover the capital costs and speed up the construction of HPQ's first 50-tonne-per-year continuous production system. This system is designed to manufacture silicon-based material for lithium-ion batteries, a foundational component in next-generation battery chemistry.
The funding comes at a crucial time for HPQ, as the company's approach to manufacturing high-purity silicon-based material is scalable, energy-efficient, and cost-effective. This approach is at the core of HPQ's commercial 18650 (4,000 mAh) and 21700 (6,000 mAh) lithium-ion battery cells.
The federal investment also supports a breakthrough in materials engineering for HPQ's advanced anode material for HPQ ENDURA+ lithium-ion cells. This material is at the heart of HPQ's mission to contribute to Canada's goal of unlocking the strength, potential, and innovation of its workers, businesses, and resources.
Claude Guay, Parliamentary Secretary to the Minister of Energy and Natural Resources, emphasised the importance of HPQ's work, stating, "Projects like HPQ Silicon's strengthen Canada's ability to manufacture components for high-performance batteries, and are creating a world-class battery ecosystem."
Bernard Tourillon, President and CEO of HPQ Silicon Inc, expressed his gratitude for the funding, stating that it is a strong endorsement of their technology and the commercial potential of HPQ's silicon-based materials. He further added that this investment will enable HPQ to scale up production of its proprietary continuous silicon-based manufacturing system.
The Honourable Tim Hodgson, Minister of Energy and Natural Resources, echoed these sentiments, stating that this funding marks a step towards a Canadian-first focused commercial deployment of HPQ's technology. HPQ's project was selected to receive funding in a highly competitive process, underscoring the potential of its technology.
With this funding, HPQ Silicon Inc. is one step closer to realising its vision of being at the forefront of the global market for advanced materials for the clean energy transition and digital economy. The company's collaboration with technology partner Novacium will also play a crucial role in achieving this goal.
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