Li-Metal launches its advanced lithium anode development facility in Ontario
(Kitco News) - Li-Metal (CSE:LIM), a leading developer of lithium metal anode and lithium metal technologies critical for next-generation batteries, announced today that its advanced anode material development facility in Markham, Ontario has reached initial operation capability.
The company said that the facility houses small-scale deposition equipment that can rapidly produce anode materials for evaluation and testing, which is a key piece of the strategy to develop Li-Metal's highly scalable, cost-effective, sustainable lithium anode technology.
These advanced anode materials will be produced at the facility for evaluation and optimization, followed by initial industrialization at the roll-to-roll anode facility in Rochester, New York, Li-Metal added.
"Our advanced anode material development facility will greatly enhance our ability to develop our second- and third-generation products and to customize them for each of our customers' specific and unique needs," said co-founder and CEO Maciej Jastrzebski. "This facility increases our capacity to deliver on our product roadmap and to grow our product and IP portfolio."
To meet rapidly growing demand and the need for superior lithium anode material, Li-Metal said it expects to reach commercial scale by 2025, as the need for high-performance anodes is expected to surge.
"Major global EV manufacturers including BMW, GM and Volkswagen are expected to advance next-generation batteries to product qualification for future EVs in the coming years - sufficient lithium metal anode production will be critical to clearing this hurdle,” the company said in a statement.
Li-Metal is a Canadian-based company developing lithium metal anodes and lithium metal production technologies for use in next generation batteries. The company indicated that its production methods are significantly more sustainable than existing products and offer lighter, more energy dense and safer batteries that are critical to tomorrow's electric vehicles.