American Battery Technology Company (ABTC) has announced its acquisition of a commercial-scale battery recycling facility in Nevada. The move comes as part of ABTC's ambitious expansion plan to enhance lithium-ion battery recycling technologies and reduce the cost of operations.
In November 2022, ABTC was selected to receive a competitive grant worth $20 million from the US Department of Energy. The funding will enable ABTC to develop and commercialize next-generation battery recycling technologies that will improve the recovery of recycled products.
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The company is currently completing construction of its ‘Global Development Center' in Fernley, Nevada. The center will allow ABTC to develop and validate their latest battery recycling technologies on a bench scale, optimize them in pilot-scale operations, and then construct and operate commercial-scale systems of these technologies. ABTC's expansion plan also includes expanding their battery research facilities in Reno, Nevada, which they announced last August.
ABTC CEO Ryan Melsert stated, “We are excited to be able to capitalize on this opportunity to accelerate the first commercial-scale implementation of our integrated lithium-ion battery recycling technologies. The purchase of this existing facility was significantly lower cost than constructing a new facility of similar design, and the fact that it is move-in ready with the necessary infrastructure equipment already installed will allow us to accelerate our start of commercial-scale operations.”
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The acquisition of this move-in-ready facility is a major milestone for ABTC's expansion plan. The company's efforts to improve battery recycling technologies will have significant implications for sustainable energy and environmental conservation. As ABTC continues to develop and commercialize its recycling technologies, the company is poised to become a leader in the battery recycling industry.