Texas energy giant Phillips 66 has paid US$150 million, or about C$188 million, for a 16 percent stake in Novonix Ltd., an Australian maker of materials for lithium-ion batteries that owns Novonix Battery Testing Solutions -- a startup spun off from research at Dalhousie University in 2017.
Brisbane-based Novonix Ltd. bought the company now called Novonix BTS in 2017, with Chinese battery company CATL also signing on as an investor. Novonix BTS continues to be based in Bedford.
The Bedford company sprung from the lab of Jeff Dahn, and drew national attention in the summer of 2015 when it