NEO Battery Materials establishing Canada's first advanced silicon anode manufacturing facility in Windsor
From GlobeNewswire: 2025-01-24 09:30:00
NEO Battery Materials Ltd. has secured 8 acres of land in Windsor, Ontario to establish Canada’s first advanced silicon anode manufacturing facility. The facility will produce 5,000 tons of silicon anodes annually and create over 100 skilled jobs in the battery value chain. Initial investment is CAD 69 million, with future expansion plans totaling CAD 120 million over 8 years. Windsor City Council approved a grant to support operations, reflecting the city’s commitment to fostering economic growth and innovation in battery technology.
The lease agreement with the City of Windsor marks a significant milestone for NEO Battery Materials Ltd. in establishing Canada’s first advanced silicon anode manufacturing facility. The facility will produce 5,000 tons of silicon anodes annually with an initial investment of CAD 69 million and future expansion plans totaling CAD 120 million over 8 years. This investment is expected to create over 100 skilled jobs in the battery value chain, reducing reliance on imported materials and enhancing the resilience of the battery supply chain in Ontario and North America. The agreement includes tax incentives and favorable lease terms to support economic growth and innovation in battery technology.
Read more at GlobeNewswire: NEO Battery Materials to Establish Canada’s First Silicon