NOVONIX LIMITED Stock Price, News & Analysis

NOVONIX Limited (NASDAQ: NVX, ASX: NVX, OTCQX: NVNXF) announces the appointment of Daniel Akerson and Ron Edmonds to its Board of Directors, effective October 27, 2022. Akerson, former Chairman and CEO of General Motors, brings leadership in automotive and finance, while Edmonds, Chief Accounting Officer at Dow, has extensive experience in finance and operations. Their appointments are aimed at enhancing NOVONIX's strategic initiatives and fostering the development of a domestic battery supply chain, crucial for the company's goal of leading in battery materials technology.

NOVONIX, a battery materials and technology company, has been selected for negotiations to receive US$150 million in grant funding from the U.S. Department of Energy to enhance domestic production of synthetic graphite anode materials. This funding is part of President Biden's Bipartisan Infrastructure Law, aiming to bolster the North American battery supply chain. The grant will help construct a 30,000 tonnes per annum manufacturing facility. NOVONIX plans to increase its production capacity to 40,000 tpa by 2025 and 150,000 tpa by 2030.

NOVONIX Limited (NASDAQ: NVX, OTCQX: NVNXF) announced significant findings from its Life Cycle Assessment (LCA) of the GX-23 synthetic anode graphite, revealing a 60% decrease in global warming potential (GWP) compared to conventional synthetic graphite from Inner Mongolia and a 67% reduction in battery carbon emissions. Conducted by Minviro Ltd, the assessment also highlighted a 40% reduction in GWP for LFP batteries. The results reinforce NOVONIX's commitment to sustainability and a US domestic supply chain for battery materials.

Emera Technologies and NOVONIX have delivered a custom-designed microgrid battery prototype, marking a significant milestone in their partnership since early 2021. The innovation supports Emera’s BlockEnergy system, which integrates rooftop solar for residential energy storage in Tampa, Florida. CEO Scott Balfour emphasized the importance of this technology for achieving net-zero CO₂ emissions by 2050. Testing, in collaboration with Sandia National Laboratory, is projected to conclude later this year, showcasing potential for cleaner energy solutions.

NOVONIX (NASDAQ: NVX, OTCQX: NVNXF) and Emera Technologies have delivered their custom-designed microgrid battery prototype, a milestone in clean energy technology. This battery supports Emera's BlockEnergy™ residential microgrid, currently piloting in Tampa, Florida. The project, initially announced in 2021, aims to enhance energy efficiency through shared rooftop solar power. The prototype testing is set for completion later in 2022, with commercial system availability targeted for 2023. This partnership signifies a step toward a renewable energy future.

NOVONIX Limited (NASDAQ: NVX, ASX: NVX, OTCQX: NVNXF), a prominent battery materials and technology firm, announced that CEO Dr. Chris Burns and CFO Nick Liveris will engage with investors at two upcoming conferences. The first is the Stifel Cross Sector Insight Conference on June 8, 2022, in Boston, where Burns will present and participate in a panel. The second, Evercore ISI's Global Clean Energy & Transition Technologies Summit, takes place on June 15, 2022, in New York. Both events will feature live webcasts and replays on NOVONIX's investor relations website.

BRISBANE, Australia, May 19, 2022 - NOVONIX Limited (NASDAQ: NVX, ASX: NVX, OTCQX: NVNXF) announced that CEO Dr. Chris Burns and CFO Nick Liveris will present at Citi’s 2022 Lithium & Battery Virtual Day on May 26, 2022. Dr. Burns will speak from 2:00 to 2:35 p.m. ET, followed by a Q&A session. The event will be accessible to the public via a webcast. NOVONIX specializes in advanced battery materials and technology, aiming to increase production of synthetic graphite to 10,000 metric tons annually by 2023, with ambitious targets of 40,000 by 2025 and 150,000 by 2030.

NOVONIX Limited will present at the 34th Annual ROTH Conference on March 15, 2022, in Dana Point, California. Executives Dr. Chris Burns and Nick Liveris will engage in a fireside chat at 2:00 p.m. ET. An audio webcast will be available to the public via the company's investor relations website. NOVONIX is focused on advanced materials for lithium-ion batteries and aims to increase its synthetic graphite production capacity to 10,000 metric tons annually by 2023. The company’s operations span Canada and the U.S., supplying the global battery industry.

NOVONIX Limited has appointed Jean Oelwang, President and Founding CEO of Virgin Unite, to its Board of Directors, enhancing its leadership team. Oelwang brings 30 years of experience in telecommunications and social entrepreneurship, emphasizing sustainability and corporate responsibility. Her involvement aims to drive NOVONIX's growth in the battery materials sector, specifically in developing a US battery supply chain for electrification. The company is on track to boost synthetic graphite production to meet the surging demand for lithium-ion batteries.