Posted Mar 7, 2024, 5:19 PM
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Join Date: Jan 2020
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NanoGraf inks deal for big Near West Side expansion
Crain's article about a battery startup spinoff from Northwestern research.
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NanoGraf has leased a big warehouse just steps from its new Near West Side headquarters, where the battery technology company will build out a new research and manufacturing facility slated to bring 60 jobs to the city.
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The fivefold expansion of the company's Chicago footprint is a milestone for the Northwestern University spinoff, which has grown recently on the back of multiple military contracts. The Army in December awarded NanoGraf an $8 million contract to boost the supply of its silicon anode-infused batteries for soldiers, and the company won another Army contract in January worth up to $15 million to develop cross-compatible batteries for soldiers in the field.
NanoGraf touts its silicon anode material as improving a lithium-ion battery's capacity to hold a charge by about 30%. Most anodes — the part of a battery that holds a charge — are made of graphite, a material produced predominantly in China.
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