A company that processes lithium-ion batteries, including those sourced from consumer devices, has scaled up recycling capacity at its facility in Reno, Nevada, and is on track to process more than 44 million pounds of battery materials per year.
American Battery Technology Company on May 13 announced it surpassed its initial capacity projection for its first facility, a 137,000-square-foot plant located in the Tahoe Reno Industrial Center. The facility was designed with an estimated 44 million pounds per year capacity, but it has recently been operating at 115% of that, or over 50 million pounds per year.
The company deconstructs batteries and uses hydrometallurgy to recover metals and metal mixtures from any type of lithium-ion battery. “Our process is agnostic to battery form factor,” a company spokesperson told E-Scrap News.Â
The materials recovered include aluminum, copper, steel, lithium and black mass intermediate materials. The company can also refine these recovered metals into usable components for new battery manufacturing, including nickel sulfate, cobalt sulfate, manganese sulfate and lithium hydroxide.
ABTC was also recently selected to receive up to $60 million in federal tax credits, financial support that will be used to “support the construction of a significantly larger additional battery recycling facility to process material from new strategic suppliers,” the company stated in a press release.
The publicly-traded company reported its most recent quarterly financial results on May 15, disclosing that as of March 31 it had $6 million in cash on hand.
