Over the next five years, the South Korean government is expected to invest C$20 million towards the project, with a focus on developing high-performance silicon anode materials based on recycled silicon scrap from semiconductor and photovoltaic wafer manufacturing.
The consortium partners recognize that solving the limitations of waste materials is critical to achieving price and technological competitiveness for silicon anodes and strengthening sustainability in the lithium-ion battery industry, NEO said in its press release.
The Toronto-based company will act as a downstream value chain participant. Using recycled silicon inputs optimized with low-cost technologies, NEO will jointly develop silicon anode materials with consortium partners to manufacture high-content silicon anode batteries.
This project directly advances the company’s strategic plan to secure low-cost, high-performance silicon feedstock,…
