American Battery receives $20M contract grant award from U.S. DOE

American Battery Technology, or ABTC, has received a contract grant award for its $20M project from the U.S. Department of Energy, or DOE, for a multi-partner industry collaboration to demonstrate and commercialize next generation techniques for lithium-ion battery recycling processes to manufacture low-cost and low-environmental impact domestic critical battery materials. As one of only five companies nation-wide selected for this competitive funding under the battery recycling portion of the ‘Electric Drive Vehicle Battery Recycling and Second Life Applications’ opportunity from the U.S. DOE under the Bipartisan Infrastructure Law, ABTC and its partners intend to validate, test, and deploy three new first-of-kind disruptive advanced separation and processing technologies to further enhance the economic competitiveness, reduce environmental impact, and re-integrate an even greater percentage of the constituent components to the domestic battery manufacturing market. This contracted grant award has a project start date of October 1. As part of this industry collaboration, ABTC is serving as the prime recipient of this grant award, and is working in partnership with three public universities, three national laboratories, and one private corporation. Through this competitive grant award, the U.S. DOE will provide $10M in direct funding, while ABTC and its project partners will contribute an additional $10M worth of cost-share resources, bringing the total project investment to $20M.