American Battery Technology Company Awarded $144 Million Grant Contract from U.S. Department of Energy for Construction of Second Lithium-Ion Battery Recycling Facility

Core Insights - American Battery Technology Company (ABTC) has been awarded a $144 million federal grant from the U.S. Department of Energy to support the construction of a new lithium-ion battery recycling facility, which will significantly expand its processing capacity by an additional 100,000 tonnes per year [1][6] - The new facility will be five times the throughput of the company's first recycling plant and will process materials from automotive OEMs, cell manufacturers, and community partners, producing battery-grade nickel, cobalt, manganese, and lithium hydroxide for the North American market [2][3] - The company has established a strategic partnership with BASF for the purchase of battery-grade metals, enhancing its supply chain and market reach [2] Company Operations - The second facility will utilize internally-developed recycling technologies that focus on strategic de-manufacturing and targeted chemical extraction, aiming for competitive costs and a low environmental footprint [3] - ABTC's internal teams, including members with experience from Tesla's Gigafactory, are instrumental in the commercialization of this new facility [3] Community Engagement and Job Creation - The construction of the new facility is expected to create 1,200 construction jobs and 300 operational jobs, emphasizing a community-driven engagement model [4] - The project aims to foster a sustainable circular manufacturing ecosystem that benefits local communities, particularly underserved areas [4] Strategic Partnerships - The project will involve multiple partners, including BASF, Siemens, Clemson University, and Argonne National Laboratory, to establish a robust commercial battery metals supply chain in North America [4] Future Outlook - The grant award is set to commence on January 1, 2025, marking a significant step in the company's growth and capacity expansion [6] - ABTC is committed to innovating and mastering new battery metals technologies to support the transition to electrification and sustainable energy [7]