Nano One Advances Global LFP Cathode Strategy as Demand from Energy Storage, EV and Defence Applications Accelerates
Highlights
Global LFP demand is accelerating across energy storage, electric vehicle and defence applications
Canadian, U.S. and European government policy creating new opportunities for localized LFP production
Nano One aims to address these markets through its Licensing and Development Company Partnership ("DevCos") strategies—pursuing a capital-light structure to build industrial scale operations
VANCOUVER, British Columbia, August 26, 2026--Nano One® Materials Corp. ("Nano One" or the "Company") (TSX: NANO) (OTCQB: NNOMF) (Frankfurt: LBMB), a process technology company specializing in cathode active materials (CAM) for lithium-ion batteries, reaffirms its strategy for meeting global demand for lithium iron phosphate (LFP) cathode active material. The Company will seek to license its One-Pot™ process technology into regional markets through localized development companies that will be leveraged to establish regional partnerships. While the Company's focus remains on its core market segments outlined below, it is also monitoring other emerging technologies, such as sodium-ion chemistries, with a view to potentially leveraging its supply chain experience in feedstock pre-qualification and circularity, including recycling.
"We no longer find ourselves alone in making the case for LFP cathode production outside of China—G7 leaders, U.S. defence procurement rules and the International Energy Agency have all echoed it this year. Our job now is to convert that momentum—advancing Candiac and establishing DevCos that bring partners and project development funding together with our technology, building recurring licensing and services revenue. I expect these efforts to enhance shareholder value and support long-term growth," said Alex Holmes, Chief Executive Officer of Nano One.
Global Demand Is Localizing
LFP chemistries accounted for approximately 60% of global lithium-ion battery cell demand in 2025—roughly 1.0 TWh—and annual demand outside China is forecast to reach 2.1 TWh by 2035, equivalent to approximately 168 new LFP cathode plants with a capacity of 25,000 tonnes per annum each1. LFP is the dominant chemistry in energy storage applications, accounting for more than 90% of installations2, with North American growth led by grid and AI data-centre storage and European demand led by battery-electric vehicles (BEVs). BEV registrations across 17 European markets grew 33.7% in the first half of 20263. The addressable LFP market outside China is estimated at approximately $8-10 billion annually in 2026, with the market forecast to grow to approximately $40 billion annually by 20354.