Valente joins Nano One as CFO

Valente joins Nano One as CFO

Valente joins Nano One as CFO 988 754 Energy Storage Journal

January 18, 2024: Carlo Valente has joined Canada’s Nano One as CFO effective January 15, the company has announced.

He succeeds Dan Martino, who will remain with the company as VP of finance.

Valente (pictured) was most recently CFO of a private, international renewables company and has more than 26 years of experience supporting companies as they scale-up with capital raising, M&A transactions and strategic planning, Nano One said.

Nano One founder and CEO Dan Blondal said Martino had worked as CFO since January 2020 on a fractional basis through Donaldson Brohman Martin CPA — where he holds other CFO positions for publicly traded companies.

By staying on as VP of finance, Martino would ensure continuity and support in financial reporting and finance-related projects, Blondal said.

In September 2023, Sumitomo Metal Mining announced a C$16.9 million ($12.5 million) investment in Nano One as part of a new battery materials development partnership.

The firms said the equity investment boost was part of a collaboration that would have a particular focus on LFP and NMC production.

On October 23, Nano One said a pre-feasibility study indicated the firm could realize an estimated 10-fold increase in production capacity at its lithium iron phosphate cells facility in Quebec.