- American Battery Technology Company (NASDAQ: ABAT) wins "Recycling Technology Solution of the Year" from CleanTech Breakthrough.
- ABAT secured a $144 million DOE grant to expand its recycling facility, increasing capacity fivefold.
- Innovative "de-manufacturing" process offers sustainable, high-recovery recycling of critical battery materials.
American Battery Technology Company (NASDAQ: ABAT) has been distinguished as the "Recycling Technology Solution of the Year" by CleanTech Breakthrough, a testament to its groundbreaking contributions to the battery recycling industry. This prestigious award underscores ABAT's commitment to sustainable innovation through its unique "de-manufacturing" recycling process, which surpasses traditional methods by utilizing selective hydrometallurgical processing.
ABAT's recycling technology is notable for its feedstock-agnostic nature, enabling it to process various lithium-ion battery types with high recovery rates of crucial materials such as lithium, nickel, cobalt, manganese, copper, and aluminum. These advancements are instrumental in establishing a circular supply chain for critical battery materials.
In a significant development, ABAT secured a $144 million grant in 2024 from the U.S. Department of Energy to construct a second commercial-scale lithium-ion battery recycling facility. This facility, designed to process 100,000 tonnes annually, represents a fivefold capacity increase over their first plant, positioning ABAT to further dominate the battery recycling market.
Since commencing commercial operations in 2023, ABAT has achieved continuous 24/7 production, transitioning from technology development to substantial revenue generation. The strategic partnerships with industry giants such as BASF and leading automotive OEMs like Ford, Stellantis, and General Motors further reinforce ABAT's pivotal role in the transforming battery and recycling landscape. With its innovative approach and strategic collaborations, ABAT is set to wield considerable influence in the emerging circular economy for battery materials.
