Hybrid Power signs MOU with CarboMat for anodes

Executive Summary

• Hybrid Power Solutions Inc. has signed a non-binding Memorandum of Understanding (MOU) with CarboMat Inc. to establish a joint development partnership for low-cost, sustainable anode materials for lithium-ion batteries.
• The collaboration aims to integrate CarboMat’s proprietary Battery Anode Material (BAM) technology into Hybrid’s Terra microgrid systems, targeting a 40% reduction in production costs compared to conventional solutions and reduced reliance on mined graphite.
• The partnership outlines a timeline for joint go-to-market pilots from Q2 through Q4 2026, with the first commercial Terra units featuring CarboMat’s graphite targeted for release in Q3 to Q4 2027.

Key Details

• Parties Involved: Hybrid Power Solutions Inc. (TSXV: HPSS) and CarboMat Inc.
• Agreement Type: Non-binding Memorandum of Understanding (MOU) for joint development.
• Technology Focus: CarboMat’s proprietary Battery Anode Material (BAM) technology, which utilizes low-value industrial waste byproducts to create sustainable graphite.
• Performance Metrics:
  • Targeted reduction in production costs by up to 40% compared to conventional solutions.
  • Expected improvements in cycle life, charging speed, and energy density for Hybrid’s Terra battery modules.
  • Potential for substantial reduction in Scope 3 emissions by displacing diesel in field operations.
• Strategic Goals:
  • Create a vertically integrated ecosystem for greener, more affordable power solutions.
  • Establish a robust and resilient graphite supply chain in Canada, reducing dependence on Chinese graphite (which currently accounts for >80% of commercial supply).
• Timeline:
  • Q2 – Q4 2026: Joint go-to-market pilots.
  • Q3 – Q4 2027: Targeted release of first commercial Terra units featuring CarboMat’s graphite in Li-ion cells.

Notable Quotes

• Francois Byrne, CEO and Founder of Hybrid Power Solutions: "This MOU with CarboMat is a game-changer for sustainable energy storage... By combining CarboMat's breakthrough carbon technology with our field-proven Terra platform, we're creating a vertically integrated ecosystem that delivers greener, more affordable power solutions -- driving massive interest from industry partners and investors alike."
• Shabab Saad, CEO and Co-founder of CarboMat: "This MOU between CarboMat and Hybrid marks a pivotal step toward establishing a robust and resilient graphite supply chain here in Canada... Through this partnership, we envision not only meaningful gains in energy density and cycle life for Hybrid's Terra systems, but also a substantial reduction in Scope 3 emissions as Hybrid's power solutions begin displacing diesel in real-world field operations."