Nano One announced that it has successfully completed an 18 month project developing cobalt free High Voltage Spinel (HVS) cathode material for lithium ion batteries, with the support of the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP). HVS is suited to fast charging and high power applications and is a candidate cathode material in next generation solid state lithium ion batteries for automotive, consumer electronics and energy storage applications. The company can make HVS and other high performance cathodes using lithium carbonate or hydroxide, giving its process an advantage over manufacturing methods constrained to costly lithium hydroxide. HVS differs from other cathodes because it is made from lithium, manganese and nickel, without the high cost and supply chain risk of cobalt. Nano One can control HVS particle size to tailor it for energy storage or power applications and its higher voltage enables simpler energy management systems and delivers increased power at high rates of discharge.