Top Material recently announced that it has invested in Forge Nano, a battery and semiconductor innovation technology company located in Denver, Colorado, USA. This investment is part of Forge Nano’s new $40 million investment, bringing Forge Nano’s total accumulated investment to approximately $140 million.
PosiNano is a company with an innovative technology called ALD (Atomic Layer Deposition), and has developed a technology that dramatically improves the lifespan and safety of secondary batteries by applying surface coating on the atomic level to positive electrode active materials or silicon negative electrode active materials. This technology is known to be applicable to a wide range of fields, including semiconductor wafers and pharmaceuticals, in addition to secondary batteries.
Previously, PosiNano attracted large-scale investments from GM Ventures, an investment company of General Motors, and Volkswagen, and plans to build a 3GWh battery cell factory in North Carolina by securing subsidies from the U.S. government.
Top Material plans to build a cooperative relationship between the two companies through this investment. In particular, it plans to further upgrade performance by applying PosiNano’s ALD technology to the high-voltage mid-nickel and manganese cathode materials that Top Material is currently developing.
Top Material has been building a production line in Pyeongtaek Brain City since completing the development of iron phosphate cathode materials, and has recently been focusing its capabilities on the development of high-voltage mid-nickel using a precursor-free process. High-voltage mid-nickel using a precursor-free process is evaluated as a next-generation cathode material that is environmentally friendly, price-competitive, and safe. In addition, it is an absolutely advantageous process in terms of subsidies and tariffs because it does not use precursors monopolized by China.
A Top Material official said, “We expect to secure a long lifespan for mid-nickel cathode materials at high voltages by applying PosiNano’s ALD surface technology,” and “We expect to receive large-scale system engineering orders in the near future by participating in the construction of PosiNano’s gigafactory based on this investment.”
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