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Developer of process to produce lower cost graphite anode material for lithium-ion batteries

Founded in 2017
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Company type Private Public ()
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Industry Group materials & chemicals

Sector industrial materials

TRL Range 7-8
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
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Headquarters Chattanooga, TN Chattanooga, United States
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Parent Companies Novonix

Updated by Cleantech Group on 01/26/2021

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Date Investors Type Amount
01/21/2021 US Department of Energy (DOE) US Department of Energy (DOE) (1)
Post-money valuation of
The grant funding will be used to develop a new furnace technology to make high-performing battery materials at a globally competitive cost. The multi-year award will include engineering, construction and installation of new processing equipment at the PUREgraphite plant in Tennessee. Harper International and Phillips66 are partners in the project.
Grant $5,900,000
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