Vianode has received a loan commitment of equivalent to approximately 37.6 million US dollars from the state funding agency Innovation Norway. The funds will be used to expand research and development activities as well as production infrastructure in Norway, including the Via ONE plant in the Herøya industrial area, the technology center in Kristiansand, and the headquarters in Oslo. The loan is part of the Green Industrial Financing program and is granted at market conditions without being considered state aid under ESA rules.
Only ten percent of usual carbon emissions
Vianode, which specializes in the production of synthetic anode graphite, claims it will use the funds to create the basis for international expansion and the establishment of regional supply chains for battery production. The companyʼs goal is to supply materials for three million electric vehicles per year by 2030. Synthetic graphite is produced using high-temperature processes and differs from the extraction of natural graphite. Compared to conventional processes, Vianodeʼs procedure is said to generate only about one tenth of the usual carbon emissions. The company claims to be aiming for a further reduction by 2030.
