Springpower International
CEO: Harris Yang
Sector: Cleantech
Sub-sector: Energy Storage
Year founded: 2010
Website: www.springpowerintl.com

SPI offers an innovative new technology in manufacturing advanced cathode materials, the most critical component in lithium ion batteries for electric vehicles. The technology is the first in the world that features a closed loop design with zero effluent generation, leading to significant advantage in production cost and environment impact. This opens the door for building a large-scale production base in Canada to supply North American customers such as Tesla’s GigaFactory to tap a rapidly growing market expected to exceed 100,000MT or $3-billion in the next few years. The technology is patent pending in Canada and other major industrial countries covered by the Patent Cooperation Treaty.