The production will be based in a large scal einnovation centre in Switzerland called QUANT-city.
The company is aiming to build a production facility for its flow cell battery and the bi-ION electrolytes that power it, as well as a pilot production facility for QUANT low-voltage electric vehicles.
It has also delayed plans for a public offering of shares.
“Over the last few months, we have succeeded in providing an impressive demonstration of the functionality of our nanoFlowcell technology with the aid of our QUANTiNO 48VOLT and QUANT 48VOLT test vehicles. However, we have yet to prove that our nanoFlowcell system is also suitable for volume production. We can and will do this,” said Nunzio La Vecchia, Chief Technology Officer for London-based nanoFlowcell Holdings.
“We have been working for some time on the development of a mass production system for our bi-ION electrolytes, having long been able to produce the electrolytes in the lab. We have now successfully developed a production process that will smooth the way to producing the electrolytes on an industrial scale. Ultimately, the market success of our technology will depend on this,” he said.
The company says it will work with partners to build the pilot facility to demonstrate the industrial-scale production of bi-ION and act as a template for bi-ION production facilities to be built internationally. The pilot line will produce two million litres of bi-ION electrolyte liquid a day, equavalent to 1.2 GWh of energy. Production can then be scaled up for mobile applications such as the electric vehicles and stationary generators and off-grid flow batteries.
La Veccia says the company has advance orders for 25,000 QUANTiNO 48VOLT vehicles and 500 of the larger 706hp QUANT 48VOLT sports car. Production development and operation of a test fleet of vehicles will be managed together with international partners, and the designs will be combines to offer a single technology platform for licensing..
A further component of QUANT-city is an Innovation Lab for the development, production and use of new flow-cell applications such as rail vehicles, secondary energy sources for aircraft and ships, and as stationary energy carriers for on-grid or off-grid energy supply to buildings and industrial facilities.
All this will mean a delay in the public share offering of the London-based holding company. “Our plans in the past have already included the stock market flotation of nanoFlowcell Holdings as a possible option for the corporate development of nanoFlowcell,” said La Vecchia. “We have had to defer this to-date as our investors first required us to develop standardised processes for the industrialised production of our electrolytes. This is critical to the market success of the nanoFlowcell technology and, ultimately, our company. The process for mass producing bi-ION has now been developed, meaning a corresponding facility can be built.”
La Vecchia stresses that the stock market flotation is not the result of financial necessity, as the operating business of the research and development company is financially secured for several years to come. This also includes investments in the QUANT-City pilot project, which nanoFlowcell Holdings is able to implement without borrowing.
nanoFlowcell IP was formed at the beginning of 2016 from nanoFlowcell AG, founded in 2013, moving from Liechtenstein to Switzerland and taking over the patent and copyright administration associated with nanoFlowcell technology, bi-ION electrolyte liquid and the QUANT electric vehicles. nanoFlowcell Holdings in London was established at the same time to handle all the administrative tasks of the original nanoFlowcell AG.