- Volt Carbon Technologies’ (TSXV:VCT) operation in Toronto, along with its subsidiary, Solid UltraBattery Inc. in Guelph, has been awarded funding from the Downsview Aerospace Innovation and Research (DAIR) Green Fund
- This initiative aims to support innovative projects that enhance sustainability in the aerospace sector.
- DAIR will fund 50 per cent of the total project cost for each entity, up to a maximum of C$75,000, with participating companies responsible for the remaining costs over a 24-month period.
- Volt Carbon Technologies stock (TSXV:VCT) last traded at $0.025
A southern Ontario-based mineral processing operation has been selected as a recipient of a funding initiative to propel sustainable and green aviation technologies within the aerospace sector.
Volt Carbon Technologies’ (TSXV:VCT) operation in Toronto, along with its subsidiary, Solid UltraBattery Inc. in Guelph, has been awarded funding from the Downsview Aerospace Innovation and Research (DAIR) Green Fund. This initiative aims to support innovative projects that enhance sustainability in the aerospace sector.
The funded projects include:
- Development of High-Performance Carbon Materials for Aerospace Industries
- Advancements in Low-Temperature Performance of Lithium-Ion Batteries
These initiatives are designed to improve battery solutions for unmanned aerial systems and enhance the capabilities of graphite and graphene in aerospace applications.
Empowering sustainable innovation
The DAIR Green Fund, backed by the Government of Canada through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario), is dedicated to empowering small and medium-sized enterprises (SMEs) to transform the aerospace industry in southern Ontario. By fostering collaboration and innovation, the fund aims to drive impactful changes across various industrial sectors, aligning with Canada’s sustainable aerospace goals.
DAIR will fund 50 per cent of the total project cost for each entity, up to a maximum of C$75,000, with participating companies responsible for the remaining costs over a 24-month period.
Project highlights
In spring 2024, DAIR launched a second call for proposals, evaluating projects based on their alignment with Canada’s 2050 net-zero targets in aerospace. The Review Committee focused on four key pillars: energy propulsion, aircraft configuration and systems, operations, and advanced materials. Projects were assessed for their commercialization potential, collaborative efforts, and overall industry impact.
Volt Carbon Project
The Volt Carbon Project at the Toronto facility will utilize proprietary methods to extract large-flake graphite, enabling the efficient production of expandable graphite and graphene. This initiative addresses the growing demand for aerospace-grade graphite, particularly in light of recent trade restrictions affecting North American supply chains. By developing high-performance carbon-based materials, Volt aims to enhance aircraft fuel efficiency and performance through lighter, aerodynamically optimized designs.
Solid UltraBattery Project
The Solid UltraBattery Project focuses on improving the low-temperature performance of lithium-ion batteries, crucial for small unmanned aerial vehicles (UAVs). The project aims to develop a novel electrolyte that enhances battery reliability in cold environments, thereby extending flight range in extreme weather conditions. Collaborating with the University of Waterloo, Solid UltraBattery will conduct ground testing in controlled low-temperature chambers to refine battery performance, supporting the shift toward net-zero aviation.
Leadership insights
“With our proprietary graphite extraction process and the unique capabilities of expandable graphite, we truly believe we are opening up exciting avenues for innovation in aircraft designs, fuel efficiency, and thermal management,” Volt Carbon’s CEO, V-Bond Lee, said in a news release. “This project reflects Volt Carbon’s commitment to sustainable, high-performance solutions and, with DAIR’s partnership, we’re proud to contribute to Canada’s net-zero goals for aerospace.”
About Volt Carbon
Volt Carbon Technologies is a carbon science company with specific interests in energy storage and green energy creation, with holdings in mining claims in the provinces of Ontario, Québec, and British Columbia in Canada.
Volt Carbon Technologies stock (TSXV:VCT) last traded at $0.025 and has risen 25 per cent over the past five days.
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(Top image: Volt Carbon)
