December 6, 2023 (Calgary, AB) – AdvEn, a material technology and manufacturing company, has inked a significant Contribution Agreement with Emissions Reduction Alberta (ERA), securing $2 million in funding for its pioneering project, “Pilot Production of Electrodes for Energy Storage Systems on Industrial-scale Equipment via a Transformative Dry Process.”

The funding marks a crucial milestone in AdvEn’s mission to transform the energy storage industry through its patented dry-coating technology, ESAC (Electrode Super Adhesive Coating). The current pilot project, set to achieve a production speed of 10-15 m/min and scheduled for completion by May 1, 2025, will produce electrodes for evaluation by downstream Electro-chemical Energy Storage System (ESS) customers, including super-capacitors (SC) and lithium-ion (LIB) or other batteries.

AdvEn’s Interim CEO, Michael Steele (Mike), commented on the significance of the ERA agreement, stating, “This is a strong endorsement of AdvEn’s ongoing commitment to innovations. With the success of the pilot test, AdvEn is poised to establish a self-integrated supply and value chain, starting from Alberta’s rich bitumen resources to end ESS products. We are grateful for the consistent support from the Alberta and federal governments.”

In parallel, AdvEn is in the final stages of commissioning a state-of-the-art 36,000-ft2 plant for producing ASAC (Advanced Super Activated Carbons) from bitumen residues. This facility will also host the electrode pilot production line, utilizing ASAC as feedstock to manufacture SC electrodes.

Mike added, “Major equipment has arrived at the site and will be operational immediately. We aim to produce SC electrode samples in Q2 of 2024.”

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About AdvEn Inc.

AdvEn is contributing to a clean, sustainable environment by pioneering innovative, game-changing technology to convert oil refinery waste into non-combustible products for energy storage and purification. AdvEn’s Advanced Super Activated Carbon (ASAC) delivers remarkable performance in consistency, reliability, purity, cost, and sustainability and is built based on AdvEn’s patented technology. At the company’s manufacturing plant and research facility in Nisku, Alberta Canada, AdvEn is also conducting a dry electrode production pilot using its patented ESAC (Electrode Super Adhesive Coating) technology. ASAC and ESAC are trademarks of AdvEn in Canada and the United States.