Green Graphite Technology secures $682K funding to advance graphite production for EV batteries
Battery

Green Graphite Technology secures $682K funding to advance graphite production for EV batteries

The project, with a total budget of $2.05 million, is designed to enhance battery performance

  • By ICN Bureau | January 24, 2025

Green Graphite Technologies to advance production of high-purity graphite battery anode materials, supporting Ontario’s electric vehicle industry.

“Though the Ontario Vehicle Innovation Network, our government is proud to support strategic projects that will reinforce Ontario’s leadership in the electric vehicle (EV) industry and accelerate the commercialization of innovative technology,” said Vic Fedeli, Ontario’s Minister of Economic Development, Job Creation and Trade. “We congratulate Green Graphic Technologies Inc and Rain Carbon Canada Inc. on their partnership and look forward to seeing their combined expertise driving economic growth and advancing the delivery of graphite across our growing EV supply chain.”

Green Graphite Technologies (GGT) has announced to announce that it has been awarded $682K in funding through the Ontario Vehicle Innovation Network’s (OVIN) R&D Partnership Fund – Electric Vehicle (EV) Stream. This grant will support the advancement of GGT’s technology to produce high-purity natural graphite, a critical material in the manufacturing of lithium- ion batteries for EVs.

In collaboration with Rain Carbon Canada, GGT aims to refine and scale up its proprietary process for producing high purity natural graphite battery anode materials, ensuring it meets the rigorous standards required for next-generation EV batteries. This partnership brings together GGT’s cutting- edge graphite purification technology and Rain Carbon’s extensive expertise in carbon precursors, carbon material processing and coating, creating a powerful synergy that will drive innovation and sustainability in the EV sector.

“Our focus is on developing sustainable and efficient materials that are critical to the success of the EV industry,” said Gillian Holcroft, CEO of Green Graphite Technologies Inc. “This project, supported by OVIN, is a significant step forward in our mission to deliver high-quality graphite that will power the future of transportation in Ontario and beyond.”

The project, with a total budget of $2.05 million, is designed to enhance battery performance and longevity while reducing the environmental impact of battery production. By advancing the commercialization of this innovative technology, GGT and Rain Carbon are contributing to Ontario’s efforts to develop sustainable and efficient EV components.

“This partnership exemplifies the strength of Ontario’s innovation ecosystem and the critical role it plays in shaping the future of electric vehicle technology,” said Claudia Krywiak, President and CEO of the Ontario Centre of Innovation (OCI). “Through the OVIN R&D Partnership Fund, we are proud to support Green Graphite Technologies as they advance sustainable solutions for high-purity graphite production, strengthening Ontario’s EV supply chain and reinforcing the province’s leadership in clean technology and advanced manufacturing.”

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