Emera and Novonix Partner on Innovative Battery Technology
Brisbane, Feb 19, 2021 AEST (ABN Newswire) - NOVONIX Limited (
ASX:NVX) (GC3:FRA) (NVNXF:OTCMKTS) is pleased to announce a partnership with Emera Technologies, a business unit of Canadian-listed Emera Inc., to develop and manufacture energy storage systems, targeting significant market opportunities throughout North America. Novonix will be participating in the partnership through its wholly owned subsidiary, Novonix Battery Technology Solutions, based in Halifax, Canada.
Emera Technologies launched its microgrid power and battery business, BlockEnergy (https://blockenergy.com/), in 2020 as the first utility-owned community microgrid platform. Emera Technologies is a subsidiary of Emera Inc. (TSE:EMA), a multinational energy holding company based in Nova Scotia with more than CA$32 billion in assets in 2019.
The Emera Technologies and Novonix teams have been working to develop a battery pack including innovative designs, custom manufacturing and control systems to support the BlockEnergy microgrid requirements.
"The BlockEnergy project is a great example of applying our technology to real life projects and developing systems with specifications not available currently in commercial products, and that have tangible downstream applications," said Dr. Chris Burns, co-founder and Chief Executive of Novonix.
"This project brings the opportunity to partner on not only the development but also manufacturing of new battery systems with significant market opportunities. The target market is not limited to the United States but will also include a focus on opportunities and customers here in Canada," said Dr. Burns.
To view further details on the partnerships, please visit:
https://abnnewswire.net/lnk/5DQ122NG
About NOVONIX Limited
, in 2020 as the first utility-owned community microgrid platform. Emera Technologies is a subsidiary of Emera Inc. (<img src=//abnnewswire.net/images/googlechart.gif width=15 height=12 alt=googlechart /><a href=https://finance.google.com/finance?q=TSE:EMA target=_blank title="Toronto Main Exchange"><u>TSE:EMA</u></a>), a multinational energy holding company based in Nova Scotia with more than CA$32 billion in assets in 2019){kind=small}
NOVONIX Limited (ASX:NVX) (FRA:GC3) (OTCMKTS:NVNXF) is an integrated developer and supplier of high-performance materials, equipment and services for the global lithium-ion battery industry with operations in the USA and Canada and sales in more than 14 countries. NOVONIX's mission is to support the global deployment of lithium-ion battery technologies for a cleaner energy future.
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