NORAM Electrolysis Systems Inc. (NESI) said it has received $5.6 million in funding to build electrochemical infrastructure for domestic lithium refining.
The package includes consulting services and up to $3 million from the federal government through the National Research Council of Canada’s Industrial Research Assistance Program (NRC IRAP) and $2.6 million from BC’s Innovative Clean Energy (ICE) Fund.
NESI said the funding will support product development of a next-generation electrochemical platform. According to the company, this system will enable the production of low-carbon battery materials through electrified technology that reduces reliance on traditional chemical-intensive methods. The company’s NORSCAND electrolysis technology is designed to convert raw materials into lithium hydroxide used in batteries.
“Refining remains one of the biggest constraints in the battery supply chain,” said Jeremy Moulson, president and CEO of NESI. “This funding helps accelerate the creation of a technology platform that we believe is essential for the future of clean industrial processing,” he added.
Tim Hodgson, Minister of Energy and Natural Resources, said investing in companies like NESI will make Canada less dependent on foreign processing, helping to “unleash Canada’s full potential as a reliable supplier of important sovereign and safe minerals.”
NESI’s platform builds on previous lithium electrolysis work, including its 2017 pilot plant and its facility in Richmond, British Columbia.
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