Business
HPQ Awarded Up to $3M in Federal Funding to Fast-Track Commercialization of Silicon-Based Battery Materials
MONTREAL, Sept. 11, 2025 (GLOBE NEWSWIRE) -- HPQ Silicon Inc. (“HPQ” or the...
About this update from Hpq Silicon Inc
[{"type":"text","content":"HPQ Awarded Up to $3M in Federal Funding to Fast-Track Commercialization of Silicon-Based Battery Materials\n\n\n\n MONTREAL, Sept. 11, 2025 (GLOBE NEWSWIRE) --\n \n\n HPQ Silicon Inc.\n \n\n (“HPQ” or the “Company”) (TSX-V:\n \n HPQ\n \n , OTCQB:\n \n HPQFF\n \n , FRA:\n \n O08\n \n ), a Quebec-based technology company driving innovation in advanced materials and critical process development, is pleased to announce it has been\n \n awarded up to $3 million in funding by the Government of Canada\n \n . This investment comes from the\n \n Energy Innovation Program’s Battery Industry Acceleration\n \n call for proposal, administered by\n \n Natural Resources Canada\n \n .\n \n\n The funding will help cover the capital costs and accelerate the building HPQ’s first 50-tonne-per-year continuous production system to manufacture silicon-based material for lithium-ion batteries. Developed in collaboration with technology partner Novacium\n \n [1]\n \n , this material is at the core of HPQ ENDURA+ commercial 18650 (4,000 mAh) and 21700 (6,000 mAh) lithium-ion battery cells.\n \n\n “\n \n This strategic investment is a strong endorsement of our technology and the commercial potential of HPQ’s silicon-based materials—supporting not only our HPQ ENDURA+ battery line, but a wide range of high-growth applications,”\n \n said Bernard Tourillon, President and CEO of HPQ Silicon Inc.\n \n “With this support, we are positioned to accelerate our path to commercialization and our vertical integration, which is a key to be competitive, drive value for our shareholders, and establish HPQ as a Canadian leader in the global battery materials supply chain and advanced materials sector.”\n \n\n\n\n “Projects like HPQ Silicon’s strengthen Canada’s ability to manufacture components for high-performance batteries, and are creating a world-class battery ecosystem. By adding value to our critical minerals and supporting home-grown talent, Canada is shaping the future of battery innovation and building a strong, secure economy.” – The Honourable Tim Hodgson, Minister of Energy and Natural Resources\n \n\n\n\n “Canada is taking action to build a nation that is ready to unlock the strength, potential and innovation of our w...