Rain Industries Limited Opens New Innovation Center for Energy Storage in Canada

On August 07, 2024, Rain Carbon Inc. (RAIN), a wholly owned subsidiary of Rain Industries Limited, opened a new 30,000 sq. ft. industrial facility in Hamilton, Ontario, Canada.

This new RAIN Innovation Center for Energy Storage Materials highlights Rain Industries Limited’s dedication to developing sustainable energy storage solutions. The centre features a demonstration facility for pilot-scale carbon material processing and advanced laboratories equipped with the latest tools for carbon material analysis and electrochemical testing.

The primary goal of the R&D centre is to test and develop RAIN’s LIONCOAT® thermoplastic precursor products, which improve the electrochemical performance of battery anode materials. Additionally, the facility will work on creating and commercialising new energy storage materials, including those made from natural and synthetic graphite and silicon-carbon composites for lithium-ion batteries.

The centre will also focus on innovating carbon-based materials for new energy storage technologies like solid-state batteries, sodium-ion batteries, and hydrogen fuel cells. Equipment installation is currently in progress, and the demonstration facility is expected to start operating in the first quarter of 2025.

“Our new R&D centre is the natural next step to bring together RAIN’s battery materials and high-purity carbon businesses, which are well established in the energy storage materials sector in both Europe and Asia,” said Gerry Sweeney, President of RAIN.

He further added, “Our R&D teams are already known as market leaders. We aim to combine these strengths with our long-standing presence in North America to use this new facility to expand our existing list of patents and to spring-board RAIN to an even higher, more-value-added level in the evolving energy storage space.”

About Rain Industries Limited

Rain Industries Limited (RAIN) is a top carbon, cement, and advanced material producer. Headquartered in India, RAIN transforms by-products from the oil and steel industries into valuable carbon-based materials used in various manufacturing applications. RAIN operates 16 manufacturing facilities spread across North America, Europe, and Asia, producing goods for its three main business segments.

On August 08, 2024, Rain Industries Ltd’s share price opened at ₹161.05, touching the day’s low at ₹159.01 at 10:21 AM on the NSE.

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