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M&A / Property

Hybrid Power Solutions Announces Strategic MOU with CarboMat for Low-Cost Sustainable Anodes in Lithium-Ion Batteries

By The Northwire Desk — AI Analysis Nov 17, 2025 · 08:35 HPSS · 0.06 Hybrid Power Solutions Inc.
HPSS · Price

Executive Summary

  • Hybrid Power Solutions Inc. signed a non‑binding Memorandum of Understanding with CarboMat Inc. to co‑develop low‑cost, sustainable anode materials for lithium‑ion batteries used in Hybrid’s Terra microgrid systems.
  • The partnership aims to reduce battery production costs by up to 40%, improve cycle life and energy density, and support Canadian graphite supply chain diversification away from China.
  • Joint go‑to‑market pilots are planned for Q2–Q4 2026, with the first commercial Terra units featuring CarboMat’s anodes targeted for release in Q3–Q4 2027.

Key Details

  • Parties Involved: Hybrid Power Solutions Inc. (CSE: HPSS) and CarboMat Inc., a Canadian advanced carbon materials company.
  • Collaboration Scope: Development of battery‑grade anode material (BAM) technology for integration into Hybrid’s Terra modular battery packs used in construction, mining, rail, and marine off‑grid applications.
  • Cost Reduction Claim: CarboMat’s technology could lower production costs by up to 40 % versus conventional graphite anodes.
  • Performance Benefits: Anticipated improvements include longer cycle life, faster charging, and higher energy density for Terra systems.
  • Timeline:
  • Pilot projects – Q2 2026 through Q4 2026.
  • First commercial Terra units with CarboMat anodes – targeted for launch in Q3–Q4 2027.
  • Strategic Impact: Expected to create a vertically integrated, low‑cost supply chain for graphite‑based anodes in Canada, reducing reliance on imported graphite (≈80 % from China) and cutting Scope 3 emissions by displacing diesel generators.
  • Funding Background (CarboMat): CarboMat has secured > $5 million in non‑dilutive grant funding from provincial and federal sources to support its kg‑scale pilot production facilities.

Notable Quotes

“This MOU with CarboMat is a game‑changer for sustainable energy storage,” – Francois Byrne, CEO & Founder, Hybrid Power Solutions.

“Through this partnership… we envision … a substantial reduction in Scope 3 emissions as Hybrid’s power solutions begin displacing diesel in real‑world field operations,” – Shabab Saad, CEO & Co‑Founder, CarboMat.

Read the original news release →

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