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StocksMediumUpdated•Originally published 29 April 2026•Updated 29 April 2026•

1 min read

NOVONIX Secures $103M US Tax Credit to Boost Synthetic Graphite Production

Key Facts

1NOVONIX secured a US$103 million tax credit for its Riverside synthetic graphite project in the United States.

2The company plans to divest its non-core Battery Technology Solutions unit to focus on scaling synthetic graphite production in North America.

about 1 month ago

Version History

Version 1about 1 month ago

What changed: Updated the story to include stable graphite spot pricing in China and long-term market growth forecasts through 2033.

NOVONIX has officially secured a $103 million federal tax credit to support its Riverside synthetic graphite project, strengthening the domestic battery material supply chain. In conjunction with this boost, the company plans to divest its non-core Battery Technology Solutions unit to focus exclusively on scaling production across North America. This strategic pivot occurs as spot prices for battery-related flake graphite in China remained flat over the past month, indicating a period of price stability. Looking ahead, the synthetic graphite market is projected to expand at a CAGR of 12.4% between 2026 and 2033, providing a robust long-term outlook for the sector. The non-dilutive federal support is expected to accelerate operational growth while optimizing the company's capital structure. These developments underscore NOVONIX's commitment to capitalizing on U.S. clean energy incentives and securing a leading position in the evolving battery materials market.