Synthetic graphite anode (Chattanooga, Tennessee) by NOVONIX: status and timeline

Synthetic graphite anode (Chattanooga, Tennessee)

Synthetic graphite anode made from petroleum feedstock in Chattanooga. Designed for battery makers seeking domestic, graphite-free supply.

DeployStage 4 of 5

Riverside facility targeting commercial production in 2026 with 20,000 tpa capacity; second facility planned.

Updated Dec 2024Checked 10 Oct0 updates this week

Milestones

Next · Riverside facility commercial production targeted

Panasonic Energy binding offtake agreement signedFeb 2024Complete.
PowerCo binding offtake agreement signedNov 2024Complete.
Riverside facility commercial production targetedTarget 2026Not yet reached.
Second facility at Enterprise South Industrial ParkTarget 2027Not yet reached.

Most important updates

Upcoming

2026Riverside facility commercial production targeted (next)
2027Second facility at Enterprise South Industrial Park
2027PowerCo supply begins
2028Second facility at Enterprise South operational

Current obstacles

Competing against entrenched natural graphite supply chainsMined natural graphite is established in battery manufacturing; NOVONIX must prove cost and performance advantages to win volume.

Physics limits

Energy intensity of synthetic productionThermal processing is energy-intensive, making synthetic graphite cost-competitive a challenge, especially when natural graphite prices are low.

How it works

3 parts

Feedstock

Petroleum-based precursors

NOVONIX uses petroleum coke and coal tar pitch as domestic feedstock, reducing reliance on mined natural graphite.

Processing

Thermal conversion to graphite

A proprietary thermal process converts the feedstock into synthetic graphite with controlled crystal structure.

Quality

Micro-level characterization

Each batch is tested with coulometry technology to verify performance and consistency.

Spec sheet

Spec	Synthetic graphite anode (Chattanooga, Tennessee)
Riverside facility target capacity	20,000 tonnes/year^R (reported)
Second facility target capacity	30,000 tonnes/year^R (reported)
Panasonic Energy agreement volume	10,000 tonnes over 4 years^R (reported)
PowerCo agreement volume	32,000 tonnes over 5 years^R (reported)

^R reported by the company

Update log

4 updates

About NOVONIX

The team behind Synthetic graphite anode (Chattanooga, Tennessee)

NOVONIX

Synthetic graphite anode, Tennessee manufacturing

NOVONIX makes synthetic graphite anode in Chattanooga. Riverside targets 20,000 tpa in 2026. Offtake agreements with Panasonic Energy, PowerCo and LG Energy Solution.

NASDAQ: NVX, ASX listed. Riverside facility targets 2026 production with signed offtake agreements.
Panasonic Energy, PowerCo and LG Energy Solution are major customers. LG deal covers 50,000 tpa over 10 years.
$754.8M DOE loan for second facility at Enterprise South targeting 30,000 tpa.

novonixgroup.com (opens novonixgroup.com)Company profile →

Founded: 201313 yrs
Headquarters: United States
Status: Public
Valuation: $94Mmarket capOct 2026
Works in: MaterialsBattery materials
Coverage: 1 program · 4 updateslatest 1 Dec 2024checked 10 Oct
Customers: Panasonic Energy (opens panasonicenergy.com)PowerCo (opens powercoinnovation.de)
Partners: LG Energy Solution (opens lg.com)
People: Michael O'Kronley (opens novonixgroup.com)Chief Executive OfficerChris Burns (opens novonixgroup.com)Founder & Chief Scientific Advisor

Spec

Synthetic graphite anode (Chattanooga, Tennessee)

Riverside facility target capacity

20,000 tonnes/year^R (reported)

Second facility target capacity

30,000 tonnes/year^R (reported)

Panasonic Energy agreement volume

10,000 tonnes over 4 years^R (reported)

PowerCo agreement volume

32,000 tonnes over 5 years^R (reported)

Synthetic graphite anode (Chattanooga, Tennessee)

Milestones

Most important updates

Upcoming

Current obstacles

Physics limits

How it works

Petroleum-based precursors

Thermal conversion to graphite

Micro-level characterization

Spec sheet

Update log

Dec 2024

Nov 2024

Feb 2024

Jun 2023

About NOVONIX

Current obstacles

Physics limits

How it works

Petroleum-based precursors

Thermal conversion to graphite

Micro-level characterization

Spec sheet

Update log

Dec 2024

Nov 2024

Feb 2024

Jun 2023

About NOVONIX