Company Co-Launched by Alum Ian McCallum Receives $117M Bipartisan Infrastructure Law Grant

headshot of Ian McCallum

Anovion LLC, an advanced battery materials manufacturer whose management team includes Drexel Materials Science & Engineering alum Ian McCallum, has been awarded a $117 million grant under the Bipartisan Infrastructure Law. The funds will be used to build a new manufacturing facility to produce synthetic graphite anode materials for the lithium-ion batteries which power EVs and other electrified applications. This plant will be the first of its kind in North America and will be expected to produce more than 35,000 tons per annum of these graphite anode materials. 

McCallum, a ’94 graduate of the Drexel Materials undergraduate program, is a member of the Executive team that launched the company in early 2022. As the Chief Growth Officer, he is responsible for the Technology, Sales and Marketing organizations.  His broad business management background includes a spectrum of roles across R&D, operations, corporate strategy, and sales & marketing, aiding Anovion’s efforts to rapidly build and scale up the company.

"As the world looks to electrification as an important solution to decarbonization and many new innovations, lithium-ion batteries are enabling this revolution,” said McCallum. “New critical materials supply chains must be built, strengthened, and expanded at a rapid pace to keep up with market demand and reduce dependence on foreign incumbent suppliers.  The cost-sharing grants under the Bipartisan Infrastructure Law recognize this need, and Anovion is deeply honored to be among the first recipients of these important grants focused on accelerating manufacturing infrastructure, including large-scale capacity for our synthetic graphite anode materials.” 

Anovion is one of only 20 manufacturers selected by the US Dept of Energy to receive these significant grant awards. This once-in-a-generation investment in infrastructure will grow a more sustainable, resilient, and equitable economy by enhancing U.S. competitiveness, creating new energy economy jobs, and better access to these economic benefits for communities.

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