The Windsor City Council has also approved, in principle, a grant for NEO to support their establishment and operations, the company said in a press release Friday.
Initially, NEO plans invest C$69 million in its first silicon anode facility, which is expected to cover 78,000 sq. ft of the leased land. Over the next eight years, it expects to increase its investment to C$120 million for an expansion of the Windsor facility and value-added projects.
Once fully expanded, the plant is capable of producing 5,000 tonnes of silicon anodes annually.
“NEO Battery Materials’ decision to invest in our city highlights our ability to attract forward-thinking companies that drive innovation and create opportunities for our community,” stated Drew Dilkens, Mayor of Windsor and board chair of Invest WindsorEssex, the lead economic development agency for the Windsor-Essex region.
“As the automotive and automobility…
