US Battery Technologies has been awarded $115 million by the US Department of Energy for its first commercial-scale lithium manufacturing facility.
American Battery Technology Corporation (ABTC) (OTCQB: ABML), a key U.S. battery materials company commercializing its primary mineral manufacturing and secondary mineral lithium-ion battery recycling technologies, has been selected for the acquisition of competitive funding under bipartisan infrastructure Laws to expand domestic production of battery-grade lithium hydroxide for use in lithium-ion batteries for electric vehicles, with a focus on domestic processing of materials and components currently imported from abroad.
ABTC, in collaboration with funding partners DuPont Water Solutions, the University of Nevada, Reno, and Argonne National Laboratory, has received $57 million from the U.S. Department of Energy (DOE) for the design, construction, commissioning and operation of this project – a commercial-scale facility to demonstrate its new process for making battery cathode-grade lithium hydroxide using unconventional Nevada lithium-containing deposition resources.
Demonstrating this new low-cost and low-environmental-impact process for manufacturing lithium products from unconventional deposition resources on a commercial scale could expand the domestic lithium resource base in the United States and allow the U.S. battery manufacturing supply chain to operate in a self-sufficient manner. Maintain closed loop fashion.
The award was announced at a presidential event at the White House, which included critical discussions on the project between U.S. President Joe Biden, Energy Secretary Jennifer Granholm and ABTC CEO Ryan Mersett A direct conversation about sex.
Ryan MelsettABTC CEO said:
We are honored and pleased to have been selected by the U.S. government to participate in this investment to expedite the construction and commissioning of our first commercial-scale lithium refinery to produce battery-grade metals from Nevada’s sedimentary clay rock resources.
“Unfortunately, the U.S. has been largely a non-player in lithium manufacturing in recent decades, and while the country has built a large number of multi-billion-dollar electric vehicle and lithium-ion battery factories in recent years, nearly 100 percent are The lithium materials that power these facilities are imported from abroad.”
Currently, the vast majority of lithium products produced globally use conventional brine or hard rock ore as raw materials, with less than 1% of lithium products sourced from within the United States. The critical materials used to make lithium-ion batteries will strengthen the U.S. supply chain, accelerate battery production to meet growing demand, and ensure the nation’s economic competitiveness, energy independence, and national security.
This grant accelerates progress on demonstration and facility commercialization efforts already underway, as ABTC, in partnership with DuPont and the University of Nevada, Reno, receives a $4.5 million DOE grant in 2021 for construction and operation A multi-ton/day demonstration scale system to accelerate the commercialization and scale-up of this critical lithium manufacturing technology.
The DOE funding is the first phase of the President’s bipartisan infrastructure law for the battery supply chain totaling more than $7 billion.
The U.S. Department of Energy’s Manufacturing and Energy Supply Chain Office (MESC) is responsible for strengthening and securing manufacturing and energy supply chains to modernize the nation’s energy infrastructure and support a clean and equitable energy transition.
MESC will manage the project portfolio with support from the DOE Office of Energy Efficiency and the Office of Renewable Energy Vehicle Technologies.
In addition to ensuring a sustainable domestic supply of battery-grade lithium hydroxide, the project is designed to provide local permanent jobs, infrastructure improvements, educational opportunities and other economic development.
The program will work to develop the next generation of diverse scientists and engineers who will continue to innovate for generations to come. By leveraging the resources and expertise of collaborative grant partners, the project has the potential to create more than 150 new skilled regional jobs and promote improvements driven by local communities through a small grant program focused on the environment and equity.
Building on our current partnership with the University of Nevada, Reno, ABTC will work to expand STEM-based education for disadvantaged communities and student internship opportunities.
Brian Sandovalthe university president said:
American Battery Technologies has demonstrated tremendous leadership in technology development and the new energy economy on the campus of the University of Nevada, Reno.
“By creating jobs and internships, they provide new experiences for our students and contribute to the preparation and diversity of our future scientists and nation.”
About American Battery Technology
American Battery Technologies is uniquely positioned to provide low-cost, low-environmental impact, and domestically sourced battery metals through its three divisions: lithium-ion battery recycling, primary battery metal extraction technology, and primary resource development.
U.S. Battery Technologies has built a clean technology platform to provide a key source of domestically manufactured critical and strategic battery metals to help meet the near insatiable demands of the electric vehicle, grid storage and consumer electronics industries.
This ESG-principled platform works to create a closed-loop circular economy for battery metals, supporting ethical and environmentally sustainable sourcing of critical and strategic materials.
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Reno, Nevada, October 21, 2022 American Battery Technologies selected for US Department of Energy $115 million grant for first commercial-scale lithium manufacturing facility