NOVONIX Anode Materials LLC (48C Self-Disclosed)

NOVONIX Anode Materials LLC ("NAM") proposes to fully equip its recently purchased and retrofitted industrial facility to produce high-performance synthetic graphite (the "Project"), engineered to produce 20,000 tonnes per annum of synthetic graphite at full capacity. It will be the first commercially active large scale synthetic graphite facility dedicated to battery anode material in North America, allowing for future cost improvements and providing a base for product qualification to scale production significantly in the United States. NAM was formed in 2017 to develop and commercialize high-performance, synthetic graphite anode material for the lithium-ion battery market focused on electric vehicles, energy storage systems, and other specialty applications. The Project will significantly expand U.S. production, reduce overwhelming reliance on China for this key battery material, and reduce the cost of battery grade graphite.

The U.S. Department of Energy (DOE) released applicant self-disclosed information for 22 projects across 17 states that voluntarily shared with DOE that they received a total of nearly $1 billion in allocations from the Qualifying Advanced Energy Project Credit (48C). Nine of the self-disclosed projects indicated they are located in 48C energy communities – communities with closed coal mines or coal plants—showcasing the Biden Administration’s commitment to investing in America’s energy communities.