Neo Battery Materials

Toronto-based NEO Battery Materials has been named a consortium partner in a $20M recycled silicon battery project funded by South Korea’s Ministry of Trade, Industry, and Energy. The initiative, led by Hansol Chemical, focuses on repurposing silicon scrap from semiconductor and photovoltaic production to create high-content silicon anodes for next-generation lithium-ion batteries.

NEO will optimize recycled silicon inputs and collaborate to develop longer-lasting, rapid-charging batteries. CEO Spencer Huh emphasized the project’s role in material circularity and cost-effective battery advancements, aligning with NEO’s strategic goals. The initiative marks a major milestone for sustainable battery innovation.

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Canada’s lithium-ion battery supply chain dominance continues as Toronto-based NEO Battery Materials advances plans to build a commercial facility for silicon anode production. The company has signed a preliminary lease with an undisclosed Canadian municipality for 8 acres, aiming to construct a multi-building site with a 5,000-ton annual capacity to serve North America’s EV and electronics markets.

With Canada now ranking first in BloombergNEF’s global battery supply chain, NEO’s project supports the nation’s push for zero-emission vehicles. CEO Spencer Huh cites strong government backing, positioning NEO as a critical player in Canada’s sustainable battery ecosystem.

Want to know more? Check out the source code on CleanEnergy.ca.