NOVONIX is a North American battery materials and technology company specializing in high-performance synthetic graphite anode materials and advanced cathode materials for lithium-ion batteries. Established through innovative research at Dalhousie University, NOVONIX has grown into a significant supplier for the electric vehicle and energy storage sectors. The company’s focus on sustainable manufacturing and precision testing equipment has positioned it as an essential contributor to the advancement of battery technology. Their commitment to developing efficient, long-lasting battery solutions supports the increasing demand for electric vehicles and renewable energy storage systems.
Battery Technology
NOVONIX’s technological foundation centers on two main innovations: Ultra-High Precision Coulometry (UHPC) systems and advanced battery materials manufacturing. The UHPC technology enables precise assessment of lithium-ion cell performance, providing crucial data for battery lifespan and efficiency improvements. This system has become standard equipment for leading battery manufacturers worldwide.
In materials production, NOVONIX manufactures synthetic graphite anode materials using proprietary processes that enhance battery performance and durability. Their patented all-dry, zero-waste cathode synthesis process represents a significant advancement in sustainable battery material production. This method reduces environmental impact while maintaining high-quality standards required for electric vehicle applications.
The company’s research and development services assist clients in optimizing battery performance through materials testing and cell prototyping. NOVONIX’s technical expertise extends to artificial intelligence applications in battery development, collaborating with partners like SandboxAQ to predict battery lifespan and enhance performance metrics.
Recent Projects
In January 2024, NOVONIX announced a leadership transition, with Dr. Chris Burns stepping down as CEO effective January 2025. The company secured binding agreements to supply synthetic graphite to major manufacturers including Panasonic Energy, Stellantis, and PowerCo, with a minimum commitment of 32,000 tonnes to PowerCo.
NOVONIX’s Riverside facility is scheduled to begin commercial production in 2024, supported by a conditional US$754 million loan from the U.S. Department of Energy. Additionally, the company established a licensing agreement with Harper International for graphitization furnace technology development.
Investors
NOVONIX’s investor base includes significant stakeholders such as Phillips 66, holding 13.74% with plans to increase to 15.4%, and LG Energy Solution with approximately 4.976%. Other notable investors include Argo Investments Ltd. (2.386%), Andrew Liveris (1.695%), and Carpe Diem Asset Management Pty Ltd. (1.593%). The company has also received substantial government support, including DOE grants totaling US$100 million and tax credits of US$103 million for facility development.
Business Details
Location: Brisbane, Queensland, Australia (Global Headquarters), Chattanooga, Tennessee, USA, Bedford and Dartmouth, Nova Scotia, Canada
Website: https://novonixgroup.com
LinkedIn: https://www.linkedin.com/company/18484289
