RAQ appears to be planning a vertically integrated facility building battery cells, packs and whole systems. The announcement said that RAQ’s “large capacity cells enable two to three times the production output within a typical building footprint, translating to greater energy efficiency, productivity, and manufacturing agility”.

The company has, however, not revealed the type of battery technology that will be produced at the facility. Lithium-ion is the current dominant technology for both the electric vehicle (EV) and energy storage system (ESS) markets, while chemistries based on sodium, zinc and other resources are growing in popularity although from a very low base.

Construction services provider Broccolini Construction Inc created the preliminary design for the first phase of the facility, which is expected to begin construction in 2024.

RAQ says on its website that it has over 20 years of advanced energy storage technology, decades of working providing solutions to the US military, and over 60 patents and patents pending.

Banks RBC Capital Markets and Société Générale are advising on the project.

Canada is planning to bring in tax credit incentives for clean energy investment, in both downstream projects and upstream manufacturing, akin to those under the US’ Inflation Reduction Act which have seen investment in the country’s clean energy sector boom.

Energy-Storage.news has contacted RAQ for comment and will update this article when a response is received.