September 5th, 2022
Cenate’s unique and proprietary silicon based nano material has now showed in both internal and customer tests that it is likely to pass the formal requirements for use in future electric vehicles.
-This is an important breakthrough for our product development. These new and advanced composites based on nano silicon aim to make the future batteries of electrical vehicles lighter and more compact so that the driving range can be enhanced. As a consequence, our materials now receive strong interest from some of the top tier battery producers worldwide, says Cenate’s CEO Erik Sauar.
Cenate’s industrial pilot plant at Holtskogen outside Oslo was first started this winter with a pilot line, which has been in intense use both for product development and for delivering products for customer qualifications. The plant is now well underway to be equipped with full scale production equipment, intended to be completed this fall. The industrial pilot facility will then be used to demonstrate together with our customers that also full scale commercial production will perform as planned.
In order to strengthen the further development and commercialization, Cenate has raised 40 MNOK in new equity among its existing shareholders. These include Dynatec Group AS, Nysnø Klimainvesteringer AS,Bonheur ASA, Must Invest AS and Vianode AS (owned by Elkem, Hydro and Altor). The new equity will further release governmental research grants from Forskningsrådet (The Norwegian Research Council) and Skattefunn (Norwegian R&D tax incentive scheme) of about 20 MNOK thereby leading to a total of 60 MNOK in new funding.
For further information:
Erik Sauar, Tel.: +47 9155 7968