SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rain Industries’ arm sets up facility in Canada for energy storage materials

08 Aug 2024 Evaluate

Rain Industries’ wholly owned subsidiary -- Rain Carbon Inc. has set up 30,000 sq. ft. industrial facility in Hamilton, Ontario, Canada to serve as the location for the new RAIN Innovation Center for Energy Storage Materials, marking another significant step in the company's commitment to advancing sustainable energy storage material solutions. The R&D center consists of a demonstration facility, allowing pilot-scale processing of carbon and carbon precursor materials, and laboratories dedicated to the carbon material analysis with state-of-the-art analytical and electrochemical testing equipment.

First and foremost, the R&D center will facilitate the testing and application development of RAIN’s LIONCOAT thermoplastic precursor products used for enhancing the electrochemical performance of battery anode materials. In addition, the facility will support the development and commercialization of new, innovative energy storage material solutions based on natural and synthetic graphite as well as silicon-carbon composites for lithium-ion batteries. The center will also house the product innovations for carbonaceous materials tailored to emerging energy storage technologies such as solid-state batteries, sodium-ion batteries and hydrogen fuel cells. Equipment installation is already underway, with the start-up of the demonstration facility scheduled to commence in the first quarter of 2025.

Rain Industries is a global manufacturer of a diverse portfolio of products that are critical raw materials for a variety of industries.

Rain Industries Share Price

133.20 0.75 (0.57%)
20-Apr-2026 16:59 View Price Chart
Peers

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×