Connect with us

Technology

Solid State Battery Market to Grow by USD 554.8 Million from 2024-2028, as Demand for Long-Range EVs with AI Impact on Trends – Technavio

Published

on

NEW YORK, Nov. 7, 2024 /PRNewswire/ — Report on how AI is redefining market landscape – The global solid state battery market  size is estimated to grow by USD 554.8 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  44.97%  during the forecast period. Growing requirement for long-range evs is driving market growth, with a trend towards rising vendor collaborations. However, declining li-ion battery prices  poses a challenge.Key market players include AMP Inc, Ampcera Inc., BrightVolt, BYD Co. Ltd., Factorial Energy, General Motors Co., Hitachi Zosen Corp., Ilika, Ion Storage Systems, Johnson Energy Storage Inc., LG Chem Ltd., Murata Manufacturing Co. Ltd., Poly Plus Battery Co., ProLogium Technology Co. Ltd., QuantumScape Corp, Robert Bosch GmbH, Samsung SDI Co. Ltd., STMicroelectronics International N.V., TDK Corp., and Toyota Motor Corp..

AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Application (Transportation, Grid storage, and Others), Type (Portable and Thin film), and Geography (APAC, Europe, North America, South America, and Middle East and Africa)

Region Covered

APAC, Europe, North America, South America, and Middle East and Africa

Key companies profiled

AMP Inc, Ampcera Inc., BrightVolt, BYD Co. Ltd., Factorial Energy, General Motors Co., Hitachi Zosen Corp., Ilika, Ion Storage Systems, Johnson Energy Storage Inc., LG Chem Ltd., Murata Manufacturing Co. Ltd., Poly Plus Battery Co., ProLogium Technology Co. Ltd., QuantumScape Corp, Robert Bosch GmbH, Samsung SDI Co. Ltd., STMicroelectronics International N.V., TDK Corp., and Toyota Motor Corp.

Key Market Trends Fueling Growth

Several new vendors are entering the global solid state battery market due to the expanding automotive sector. Notable battery manufacturers are securing investments from prominent investors and forming alliances to advance solid state battery technology. This innovation poses a significant challenge to conventional battery technologies. The growing adoption of start-stop systems has instigated businesses to develop efficient models for solid state batteries. Ilika, a pioneer in solid state battery technology, leads a USD10 million collaboration project, the Faraday Battery Challenge, with Nexeon, HSSMI, three top UK universities, CPI, and BMW Group and WAE Technologies. Ilika will receive a USD3.5 million grant and collaborate with these partners to create an automotive-defined solid state battery by the project’s end. Factorial, a lithium-ion solid state battery provider, partners with battery recycling company Young Poong to research lithium-metal recycling for solid state batteries. Factorial will provide leftover lithium-metal material from its production process to Young Poong, which will create a recycling process for lithium metal, enabling a circular economy. German automotive supplier MAHLE and Taiwan-based battery manufacturer ProLogium have signed a Memorandum of Understanding to develop and evaluate thermal management solutions for next-generation solid-state batteries. These cells offer advantages in safety and energy density, enhancing driving ranges and safety standards. The collaboration will focus on customized thermal management solutions for ProLogium’s technology, supporting competitive battery systems with high efficiency, energy density, longevity, and fast-charging capabilities. The increasing number of new players and their collaborations will intensify market competition, leading to more R&D activities for a competitive edge. These alliances facilitate the sharing of manpower and technical expertise, fostering the innovation of new technologies and boosting the sales of solid state batteries, ultimately driving the growth of the global solid state battery market.

The Solid State Battery market is experiencing significant growth, particularly in sectors like wearable devices, consumer electronics, and mobile healthcare devices. Solid-state batteries, which use a solid electrolyte instead of a liquid or polymer one, offer several advantages, including increased energy density, improved safety, and longer cycle life. This makes them ideal for high-performance applications in electric vehicles (EVs), IoT devices, wireless medical devices, and smart devices. Manufacturers of electronic components are focusing on developing solid-state batteries to meet the demands of the automotive sector, renewable energy storage, and high-power sources. Companies like Solid Power, Thin Film Batteries, and Solid Energy are leading the charge in this area. Despite the benefits, challenges remain, such as performance degradation and the need for new electrolyte materials. However, advancements in technology and raw material sourcing, including the use of wood-derived batteries, are helping to address these issues. With the increasing importance of energy harvesting, charging stations, and lightweight batteries, the future looks bright for solid-state batteries in various industries, including electric vehicles, aerospace and defense, and microgrid applications.

Insights on how AI is driving innovation, efficiency, and market growth- Request Sample!

Market Challenges

The lithium-ion battery market currently dominates the global energy storage landscape due to its advantages, including low maintenance, long life, and high energy density. However, the safety concerns associated with the use of lithium metal in these batteries, such as fire and explosion risks, have led to the development of next-generation solid state batteries. Solid state batteries offer improved safety and longer cycle life, making them an attractive alternative. However, the widespread use and affordability of lithium-ion batteries pose a challenge to the growth of the solid state battery market. The declining prices of lithium-ion batteries will boost their sales, potentially hindering the market expansion of solid state batteries in the forecast period.The Solid State Battery market is experiencing significant growth due to its potential to address the power needs of various industries. IoT devices, wireless medical devices, and consumer electronics require long-lasting, lightweight batteries. Solid-state batteries offer a solution with their high rechargeability and volumetric energy density. In the automotive sector, solid-state batteries are expected to revolutionize electric vehicles (EVs) by providing longer ranges and faster charging times. Renewable energy storage and grid stability also benefit from solid-state batteries’ high power output and charge cycles. However, challenges such as raw material shortages, high production costs, and the need for advanced charging stations remain. Companies like Solid Power, Thin Film Batteries, and Wood-derived batteries are working to overcome these hurdles. Applications include EVs, portable batteries, and industrial equipment, as well as aerospace and defense, microgrid applications, and energy harvesting devices. Solid-state batteries offer high-performance energy storage for various industries, making them a promising solution for the future.

Insights into how AI is reshaping industries and driving growth- Download a Sample Report

Segment Overview 

This solid state battery market report extensively covers market segmentation by

Application 1.1 Transportation1.2 Grid storage1.3 OthersType 2.1 Portable2.2 Thin filmGeography 3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and Africa

1.1 Transportation-  The solid state battery market is experiencing significant growth due to its advantages over traditional lithium-ion batteries. These batteries offer increased energy density, longer cycle life, and improved safety. Major industries such as automotive and consumer electronics are investing in solid state battery technology to enhance their product offerings. Companies like Toyota, Panasonic, and Samsung SDI are leading the charge in research and development. The global market for solid state batteries is projected to reach USD22.8 billion by 2027, growing at a CAGR of 21.5% from 2020 to 2027.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022)

Research Analysis

Solid State Batteries (SSBs) are the next generation of energy storage solutions, offering several advantages over traditional Lithium-ion batteries. SSBs utilize a solid electrolyte instead of a liquid or gel electrolyte, resulting in increased energy density, improved safety, and enhanced performance. These batteries are gaining significant attention in various industries, including wearable devices, consumer electronics, and mobile healthcare devices, due to their high-performance and long-lasting capabilities. In the automotive sector, SSBs are expected to revolutionize the electric vehicle (EV) industry by providing lightweight batteries with high power output and longer range. The solid-state battery market is also expanding in the renewable energy storage sector, providing a reliable and efficient solution for storing excess energy generated from solar and wind power. SSBs come in various forms, including thin-film batteries, single-cell batteries, and multi-cell batteries. They offer rechargeability, making them a versatile option for various applications. Companies are investing heavily in research and development to improve the performance and reduce the production cost of SSBs. Wood-derived batteries and charging stations are also emerging as potential alternatives in the solid-state battery market.

Market Research Overview

Solid State Batteries (SSBs) are the next-generation energy storage solution, offering several advantages over traditional Lithium-ion batteries. SSBs utilize a solid electrolyte instead of a liquid or gel electrolyte, eliminating the risk of thermal runaway and improving safety. With a higher energy density and volumetric energy density, SSBs are ideal for powering wearable devices, consumer electronics, and mobile healthcare devices. In the automotive sector, SSBs promise longer range and faster charging for Electric Vehicles (EVs), making them a promising alternative to Lithium-ion batteries. SSBs also find applications in high power sources, secondary batteries, rechargeable batteries, IoT devices, wireless medical devices, and smart devices. The market for SSBs is expected to grow significantly due to their high power output, lightweight design, and potential for use in aerospace and defense, renewable energy storage, and industrial equipment. However, challenges such as raw material shortage and high production costs remain, with companies like Solid Power and Thin Film Batteries leading the way in innovation and development. SSBs also have potential applications in grid stability, microgrid applications, and energy harvesting, making them a versatile and valuable addition to the energy storage landscape.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationTransportationGrid StorageOthersTypePortableThin FilmGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/solid-state-battery-market-to-grow-by-usd-554-8-million-from-2024-2028–as-demand-for-long-range-evs-with-ai-impact-on-trends—technavio-302297483.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

SIGGRAPH 2026 Unites Global Computer Graphics Community in Los Angeles With Landmark Keynotes, Inaugural Games Summit, and AI Innovation

Published

on

By

Weeklong Conference Celebrates 53 Years of Advancing the State of the Art in Computer Graphics and Interactive Techniques

LOS ANGELES, July 23, 2026 /PRNewswire/ — The 53rd annual SIGGRAPH conference, the world’s premier conference on computer graphics and interactive techniques, brought together thousands of artists, researchers, developers, and industry leaders from around the globe this week at the Los Angeles Convention Center. From an inspiring keynote by legendary Disney Imagineer Lanny Smoot and the debut of the Games Summit to advancements in artificial intelligence (AI), robotics, neural rendering, Gaussian splatting, and immersive storytelling, SIGGRAPH 2026 reaffirmed its role as the global stage where research meets production and ideas shape the future of the field.

SIGGRAPH 2026 welcomed an international audience of more than 9,500 people from 69 countries, alongside a bustling exhibition floor where companies large and small showcased the latest in computer graphics and interactive techniques, products, and services.

“SIGGRAPH 2026 showed what happens when the world’s technical and creative communities share one space. The lines between computer graphics, physics, and AI are blurring, and this week our attendees turned that convergence into new collaborations, research directions, and ways to tell stories,” said SIGGRAPH 2026 Conference Chair Chris Redmann. “From our first Games Summit to a keynote that reminded us invention is a team sport, this conference celebrated the breakthroughs of today while laying the groundwork for the future of our field.”

A highlight of the week came Monday, 20 July, when Disney Research Fellow and Walt Disney Imagineering inventor Lanny Smoot took the keynote stage with “Inventions, Innovations, and Imagination: Lanny Smoot’s Prolific Path”. Smoot, who holds 107 patents and in 2024 became only the second Disney employee after Walt Disney himself to be inducted into the National Inventors Hall of Fame, traced a career spanning more than 45 years, from Bell Labs breakthroughs to beloved Disney Parks innovations including the HoloTile floor and the extendable lightsaber. His message that successful technical practitioners love to create and want to learn from others resonated with a packed house of attendees at the start of the conference week.

Keynote programming continued throughout the week with three standout sponsored sessions. NVIDIA research and engineering leaders Neil Ashton, Ming-Yu Liu, and Edward Liu explored the next era of graphics through neural rendering, world models, and AI-driven simulation. Bolt Graphics founder Darwesh Singh shared his vision for a GPU architecture built for real-time path tracing, and the research team behind Tripo AI examined how generative 3D is redefining how digital worlds are made.

AI ran through nearly every program at SIGGRAPH 2026, positioned not as a replacement for human creativity but as a creative partner. Technical Papers, Technical Workshops, Courses, and Birds of a Feather sessions connected researchers and production artists on generative workflows, differentiable physics, and world models. NVIDIA dedicated a full day to physical AI, presented 21 papers connecting 3D worlds and robot control, and drew industry-wide conversation with a technical deep dive into DLSS 5 neural rendering.

The inaugural Games Summit brought dedicated programming for game developers to SIGGRAPH. Sessions spanned motion sickness accessibility, destruction systems, performance capture pipelines, and cross-industry collaboration through OpenUSD. Robotics also took center stage across the conference, from research in simulation and motion control to the crowd-favorite Robo Dojo, where attendees guided robots through an immersive training ground on the exhibition floor.

In the Experience Hall, five interactive programs: Spatial Storytelling, the Immersive Pavilion, the Art Gallery, and Emerging Technologies, along with the in-person Hands-On Courses track of the Courses program, had attendees step inside the future of interaction and storytelling. Installations spanned AI-driven art, mixed reality sport, embodied robotics, and spatial narratives of wildfire and memory, while lively discussions on Gaussian splatting explored the future of photorealistic virtual reality.

The Computer Animation Festival, an Academy Award® Qualifying Festival for the “Best in Show” prize, celebrated global storytelling in the Electronic Theater, newly expanded in 2026 to include films longer than 10 minutes, opening the festival to a wider range of filmmakers and formats than ever before. Production Sessions took audiences behind the scenes of “Avatar: Fire and Ash” with Wētā FX and Lightstorm Entertainment, NASA’s “Visualizing the Moon for Artemis II”, Disney and Pixar Animation Studios’ “Hoppers”, and Industrial Light & Magic’s work on “The Mandalorian and Grogu”.

SIGGRAPH 2026 also celebrated this year’s contributors by honoring some “best of” from various programs, including:

Art Gallery
Best in Show — “Sternwerk
Alvaro Cassinelli, City University of Hong Kong, School of Creative Media; and Tobias Klein, City University of Hong Kong and School of Creative Media

Art Papers
Best Art Paper — “Resonance: Meditative Neural Rhythms as Collective Spatial Experience
Ruipeng Wang and Behnaz Farahi, Massachusetts Institute of Technology (MIT) and Critical Matter Group, Media Lab; and Yuxiang Cheng and Zhiyan Xing, Harvard University and Critical Matter Group, Media Lab

Computer Animation Festival: Electronic Theater
Best in Show: “Apart
Pola Maneli, Social Popcorn Films (South Africa, United States)

Jury’s Choice — “18 Months
Paulo Garcia and Natalia Gouvea (United States)

Best Student Project — “Beyond Words
Antoine Barbannaud, Théo Merlet, Cyril Buisson, Damien Poncelet, Anthonin Haüy, Timothé Vergught, Mathis De Sauvecanne, Thémys Cheynel, Lilou Tiprez, Leandro Leijnen, and Romain Gueusset with Creative Seeds (France)

Audience Choice — “Saba
Liron Topaz and Lirit Rosenzweig-Topaz (United States)

Emerging Technologies
Best in Show — “EmerFlux: A Two-Layer Liquid Surface Display for Organic Pixel-Based Aesthetic Representation of Information
Kaito Shimizu and Toshitaka Amaoka, Meisei University

Audience Choice — “EmoMime: Augmenting Social Behavior and Self-Expression via Wearable Robotic Limbs
Hideki Shimobayashi, Masaharu Hirose, and Masahiko Inami, RCAST, The University of Tokyo; Tomoya Sasaki, Tokyo University of Science and RCAST, The University of Tokyo; and Arata Horie, RCAST, The University of Tokyo and commissure Inc.

Immersive Pavilion
Best in Show — “Cosmos Unseen: Black Holes
Marcus Moresby, Aditi Rajagopal, Bhaumik Patel, and Mark Lynch, Atlantic Studios

Real-Time Live!
Best in Show — “Create Interactive 3D Assets in Seconds!
Ying-Tian Liu, Yuan-Chen Guo, Yumeng Li, Yu-Lin Tsai, and Yan-Pei Cao, VAST; Hanxiao Wang, Institute of Automation, Chinese Academy of Sciences and VAST; and Yi-Hua Huang, The University of Hong Kong (HKU) and VAST

Audience Choice — “Dissectible Anatomy: Embodied Exploration for Education
Tim McGraw and Jack Myers, Purdue University

Technical Papers
Best Paper Awards
GimmBO: Interactive Generative Image Model Merging via Bayesian Optimization
Chenxi Liu and Selena Ling, University of Toronto; and Alec Jacobson, University of Toronto and Vector Institute

Mixwell: Sharp 2D Fluid Brushes for Progressive Physics-Based Mixing
Doug James, Stanford University; and Ethan James

Walk on Decomposed Subdomains: A Hybrid Monte Carlo-Deterministic Solver for Elliptic PDEs
Clément Jambon, Mohammad Sina Nabizadeh, and Mina Konaković Luković, Massachusetts Institute of Technology (MIT)

Robust Planar Maps for 3D Vectorization
Robert Fuchs, Carnegie Mellon University; and Keenan Crane, Carnegie Mellon University and Roblox

Inverse Rendering for Discrete X-Ray Computed Tomography
Lovro Nuic, Ziyi Zhang, and Wenzel Jakob, Ecole Polytechnique Fédérale de Lausanne; Korbinian Sager, Carl Zeiss AG

Looking ahead, the global computer graphics community will reconvene for SIGGRAPH 2027, the 54th annual conference, taking place 8–12 August 2027 in Anaheim, California, led by SIGGRAPH 2027 Conference Chair and Walt Disney Imagineer Kristy Pron. For the latest conference news and updates, visit siggraph.org.

About ACM, ACM SIGGRAPH, and SIGGRAPH 2026
ACM, the Association for Computing Machinery, is the world’s largest educational and scientific computing society, uniting educators, researchers, and professionals to inspire dialogue, share resources, and address the field’s challenges. ACM SIGGRAPH is a special interest group within ACM that serves as an interdisciplinary community for members in research, technology, and applications in computer graphics and interactive techniques. The SIGGRAPH conference is the world’s leading annual interdisciplinary educational experience showcasing the latest in computer graphics and interactive techniques. SIGGRAPH 2026, the 53rd annual conference hosted by ACM SIGGRAPH, will take place live 19–23 July at the Los Angeles Convention Center.

View original content to download multimedia:https://www.prnewswire.com/news-releases/siggraph-2026-unites-global-computer-graphics-community-in-los-angeles-with-landmark-keynotes-inaugural-games-summit-and-ai-innovation-302833776.html

SOURCE SIGGRAPH 2026

Continue Reading

Technology

Lyntris Inc. Announces Filing of Registration Statement for Proposed Initial Public Offering

Published

on

By

WASHINGTON, July 23, 2026 /PRNewswire/ — Lyntris Inc. (“Lyntris”), a defense technology company providing “sense-to-act” connectivity solutions for the modern, connected battlespace, has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the “SEC”) relating to a proposed initial public offering of shares of its common stock. Certain of Lyntris’s existing stockholders identified in the registration statement are also expected to sell shares of common stock in the proposed offering. The number of shares to be offered and the price range for the proposed offering have not yet been determined. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size, price or other terms of the offering.

Evercore ISI, Citigroup and Guggenheim Securities are acting as lead book-running managers for the proposed offering. BofA Securities is also acting as a joint book-running manager for the proposed offering. Baird, Raymond James and William Blair are acting as bookrunners for the proposed offering. Lyntris has applied to list its common stock on the New York Stock Exchange under the ticker symbol “LYNX”.

The proposed offering will be made only by means of a prospectus. When available, copies of the registration statement and the preliminary prospectus included therein may be obtained by visiting EDGAR on the SEC’s website at www.sec.gov or may also be obtained from: Evercore ISI, Attention: Equity Capital Markets, 55 East 52nd Street, 35th Floor, New York, New York 10055, by telephone: (888) 474-0200 or by email: ecm.prospectus@evercore.com; Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by telephone: (800) 831-9146; and Guggenheim Securities, LLC, Attention: Equity Syndicate, 330 Madison Avenue, New York, New York 10017 or by email: gsequityprospectusdelivery@guggenheimpartners.com.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Lyntris
Lyntris is a defense technology company delivering “sense-to-act” connectivity solutions for the modern, connected battlespace. Combining differentiated hardware, software and mission expertise, Lyntris helps customers to detect threats earlier, decide faster and act with precision in contested, multi-domain environments.

View original content to download multimedia:https://www.prnewswire.com/news-releases/lyntris-inc-announces-filing-of-registration-statement-for-proposed-initial-public-offering-302833782.html

SOURCE Lyntris

Continue Reading

Technology

TELUS transforms legacy telecommunications site into 195 new homes for Nanaimo

Published

on

By

Across Canada, demand for rental housing continues to outpace supply. TELUS Living is helping address this challenge by transforming existing TELUS properties into smart, sustainable homes in communities where new housing is needed most.

NANAIMO, BC, July 23, 2026 /CNW/ — TELUS Living today opened a new 195-home purpose-built rental community in downtown Nanaimo, transforming a former telecommunications property into smart, sustainable housing that helps address one of Canada’s most pressing challenges: increasing rental supply in growing communities. Located at 235 Wallace St, the multi-storey, mixed-use build features 195 purpose-built rental units, providing much-needed housing supply to downtown Nanaimo, while thoughtfully honouring the city’s unique coastal identity and heritage.

The Nanaimo development is part of TELUS’ long-term strategy to repurpose legacy telecommunications infrastructure into purpose-built rental housing as the company modernizes its network and completes the transition from copper to PureFibre technology. The Nanaimo community joins TELUS Living’s growing portfolio of developments that are transforming underutilized TELUS properties into housing across Canada.

“The Nanaimo development represents exactly what TELUS Living stands for by providing purpose-built rental housing tailored to the specific needs of the community it serves. We’ve designed 235 Wallace St with Nanaimo’s unique character in mind, offering a curated lifestyle that blends a climate-conscious, Zero Carbon Design approach with top-tier wellness and smart-tech amenities,” said Manasweeta Bhatia, Vice President of Corporate Real Estate at TELUS. “We shape every TELUS Living project by listening to the community, understanding its unique identity and design needs, and building accordingly. Its central downtown location and proximity to both Vancouver Island University and Nanaimo Regional General Hospital also position it as an ideal home for students, educators, and healthcare workers seeking modern, connected living.”

“More housing and good jobs are a win-win for downtown Nanaimo,” said Sheila Malcolmson, MLA for Nanaimo-Gabriola Island. “Adding to the approximately 1,500 affordable homes our B.C. government has completed and underway in Nanaimo, it’s great to see TELUS stepping up with 195 new units. It’s been great to see hundreds of construction and indirect jobs in town, and I can’t wait to see folks move into their new homes.”

“I’m thrilled to see a new rental option in downtown Nanaimo, and especially excited that this conversion was made with sustainability and active transportation in mind,” said George Anderson, MLA for Nanaimo-Lantzville. “Ensuring everyone can find homes they can afford in the communities they love requires creative approaches, and I hope to see more creativity like this in the future.”

“I’m delighted to celebrate the opening of TELUS Living Nanaimo, a landmark project that strengthens our downtown as a vibrant, inclusive place to live,” said Leonard Krog, Mayor of Nanaimo. “This partnership between the City of Nanaimo, our community, and TELUS demonstrates what’s possible when we work together toward shared goals. The addition of nearly 200 diverse housing options is exactly what our city needs, and we’re excited about the positive impact this will have on our community. TELUS’ commitment to our city and investment in our future will contribute to Nanaimo’s economic and social vitality.”

Situated within walking distance of downtown’s vibrant cafes, eclectic Old City Quarter, the iconic Harbourfront Walkway, and a short transit ride from Vancouver Island University and Nanaimo Regional General Hospital, the development is architecturally designed to blend classic and contemporary exterior elements. Curated for modern living, the community offers an expansive suite of indoor and outdoor social amenities alongside street-level retail and public art contributions.

Project Highlights:

Smart-Enabled Living: Powered by the TELUS PureFibre network, the custom TELUS Living App provides keyless entry, smart climate control, leak detection, parcel notifications, visitor management, and amenity bookings.Social & Wellness Amenities: Features a rooftop deck with an outdoor kitchen, BBQs, and panoramic views, alongside a state-of-the-art fitness centre and resident lounge.Pet & Active Lifestyle Ready: Equipped with a dedicated children’s outdoor play area, outdoor bark park and pet care station, secure underground parking, bike storage and maintenance facilities.Premium Functional Interiors: Studio to three-bedroom layouts include private balconies, individual A/C with Energy Recovery Ventilators (ERVs) for optimal air quality, Samsung SmartThings appliances, and in-suite laundry.Gold-Standard Sustainability: Sets a Vancouver Island benchmark aligned with Zero Carbon Design standards and Salmon-Safe development guidelines that actively protects local ecosystems.

This opening marks a significant milestone in TELUS Living’s mission to transform existing real estate holdings into purpose-built rentals that bridge the housing gap with smart, sustainable, and community-focused developments. As TELUS completes its transition from legacy copper to advanced fibre networks, the company is transforming its historic central offices–which once served as the backbone of B.C.’s phone system–into vibrant, smart, purpose-built rental communities. TELUS Living is breathing new life into these properties to help address Canada’s housing crisis. For more details on TELUS Living Nanaimo or to view available floor plans, please visit telusliving.com/nanaimo.

About TELUS

TELUS (TSX: T, NYSE: TU) is a world-leading communications technology company operating in more than 45 countries and generating over $20 billion in annual revenue with more than 17 million customer connections through our advanced suite of broadband services for consumers, businesses and the public sector. We are committed to leveraging our technology to enable remarkable human outcomes. TELUS is passionate about putting our customers and communities first, leading the way globally in client service excellence and social capitalism. TELUS Health is enhancing approximately 170 million lives across 200 countries and territories through innovative preventive medicine and well-being technologies. TELUS Agriculture & Consumer Goods utilizes digital technologies and data insights to optimize the connection between producers and consumers. TELUS Digital specializes in digital customer experiences and future-focused digital transformations that deliver value for their global clients. Guided by our enduring ‘give where we live’ philosophy, TELUS continues to invest in initiatives that support education, health and community well-being. In 2023, we launched the TELUS Student Bursary, which strives to ensure that every young person in Canada who wants a postsecondary education has the opportunity to pursue one. To date, the program has distributed over $6 million in bursaries to 2,000 students and counting. Since 2000, TELUS, our team members and retirees have contributed $1.85 billion in cash, in-kind contributions, time and programs, including 2.5 million days of service–earning TELUS the distinction of the world’s most giving company.

For more information, visit telus.com.

For more information, please contact:
Brandi Rees
TELUS Public Relations
brandi.rees@telus.com 

SOURCE TELUS Communications Inc.

Continue Reading

Trending