American Battery raises US$150 million for new lithium-ion recycling plant

American Battery Technology receives US$150 million from the US government to build a second lithium-ion battery recycling plant, strengthening the strategic supply chain for critical metals.

Share:

Subscribe for unlimited access to all the latest energy sector news.

Over 150 multisector articles and analyses every week.

For less than €3/week*

*For an annual commitment

*Engagement annuel à seulement 99 € (au lieu de 149 €), offre valable jusqu'au 30/07/2025 minuit.

American Battery Technology (ABTC) has been awarded a US$150 million grant by the U.S. Department of Energy (U.S. DOE) to finance the construction of its second lithium-ion battery recycling plant. This facility aims to process around 100,000 tonnes of material each year, as part of the national strategy to secure supplies of metals essential to the electrification of the economy.
The project reflects the growing importance of recycling technologies in the management of critical resources.
The development of this plant is based on in-house technologies for processing and extracting battery materials.
Unlike traditional methods such as smelting or crushing, these technologies enable the production of quality materials, while reducing the environmental footprint.
By increasing domestic recycling capacity, the company is helping to strengthen the United States’ independence in terms of battery metals, essential for the automotive and renewable energy industries.

A project based on solid partnerships

The grant is accompanied by a strategy of partnerships with key players in the sector.
ABTC is collaborating with companies such as BASF for the supply of raw materials and Siemens for plant engineering.
The Clemson University International Center for Automotive Research (CU-ICAR) and Argonne National Laboratory are also involved in the project.
These alliances will enable us to pool our technological expertise and guarantee the project’s success, both operationally and strategically.
The new plant is expected to generate 1,200 jobs during the construction phase, and a further 300 once fully operational.
ABTC relies on a partnership model between local communities, academic institutions and government to structure a sustainable energy network, while ensuring economic opportunities in underserved areas.

Strengthening the domestic supply chain

The strengthening of the critical metals supply chain in the USA is taking place against a backdrop of increasing international competition, particularly with China, the world leader in the processing and production of battery materials.
The USA is seeking to reduce its dependence on imports, and this project is an example of the national effort to create a circular and local supply.
ABTC is thus positioning itself as a strategic player in the battery industry, with the ambition of securing domestic resources while supporting the country’s decarbonization objectives.
This grant comes on top of a series of financing already secured by the company, including USD 20 million in 2022 to develop next-generation recycling technologies.

A strategy of continuous innovation

The planned plant is ABTC’s second after the one commissioned in 2023 near Reno, Nevada.
This first plant serves as a model for large-scale recycling operations.
ABTC has designed processes to maximize efficiency while reducing production costs.
These innovative technologies are part of a strategy of economic and strategic sustainability.
ABTC has also received public funding for its projects to transform clay into lithium hydroxide, a critical raw material for battery manufacture.
The development of this sector should make it possible to diversify lithium sources away from traditional mining methods, thus contributing to the country’s self-sufficiency in battery resources.

The key role of federal subsidies

Since 2021, the Department of Energy has supported ABTC’s initiatives through several grant programs.
In addition to the US$150 million recently awarded, the company has already received financial support for a US$115 million project to build a commercial lithium hydroxide refinery.
Such public investment is essential to accelerate the commercialization of recycling technologies and the production of battery metals.
The current grant is part of a broader federal policy to boost the critical metals industry in the United States.
These metals, essential for the electrification of transport and the energy transition, represent a strategic challenge in the global geopolitical context.

Tesla retains the top position in the global battery storage market, but Sungrow moves within one point, revealing intensifying rivalries and a rapid reshaping of regional dynamics in 2024.
Lyten announces an agreement to acquire most of Northvolt's assets in Sweden and Germany, bringing new industrial prospects to the energy storage sector in Europe.
Energy Vault secures an exclusive $300 mn commitment to support the creation of Asset Vault, a subsidiary dedicated to building and operating 1.5 GW of energy storage projects across several continents.
Energy Vault confirms the acquisition of the Stoney Creek storage project, marking its first major operation in the Australian market, following approval from local authorities on foreign investments.
GoldenPeaks Capital strengthens its position on the Polish energy storage market with the acquisition of two battery systems, totalling 54 MW, secured by seventeen-year capacity contracts.
SolarMax Technology has signed a key contract to deliver a 430 MWh battery energy storage system in Texas, strengthening its presence in the large-scale US energy solutions market.
Shanghai Sermatec Energy Technology Co., Ltd. announces an agreement to supply more than 430 MWh of energy storage in Bulgaria, marking a new step in the expansion of Chinese solutions in the European market.
Pulse Clean Energy raises GBP220mn ($292.3mn) from six international banks to fund six new battery sites, supporting the UK strategy to expand energy storage and transition to a more resilient network.
According to Ember, the profitability of battery storage on Indian wholesale markets is rising sharply, driven by the rapid decline in costs and high volatility in electricity prices.
Pacific Green has signed a commitment agreement with ZEN Energy for the management of 1.5GWh of battery storage across three major sites in Australia, strengthening its portfolio and accelerating the market launch of its projects.
More than 100,000 residential batteries coordinated by Sunrun delivered 360 megawatts to the California electricity grid, setting a new record for distributed power during an exercise supervised by local authorities.
Princeton NuEnergy receives a SuperBoost grant to industrialise its direct lithium-ion battery recycling process, strengthening the resilience of the U.S. supply chain and national security objectives.
EnBW plans to install in Philippsburg one of Germany’s most powerful battery storage systems, with a capacity of 800 MWh, supporting the transition of the former nuclear site into a key player in grid flexibility.
Eos Energy Enterprises reaches a milestone with record quarterly revenue and strengthens its position in energy storage, supported by a major fundraising and the expansion of its commercial pipeline.
AGL Energy Limited invests 800 mn USD in a 500 MW battery in New South Wales, aiming for commissioning in 2027 and strengthening its position in the flexible assets market.
AGL launches a community battery project totalling 11.5 MW, aiming to reduce electricity costs for more than 10,000 low-income households in South Australia through a public-private partnership and public financial support.
Nearly 1 GWh of storage capacity has just been added to the Texas grid by esVolta, meeting critical needs in Dallas and western parts of the state for the 2025 summer peak.
Arevon has launched operations at the Peregrine Energy Storage project in San Diego, with a capacity of 200 MW for 400 MWh and a $300mn investment to strengthen California’s energy security during periods of peak demand.
H2G Green Limited and Singapore’s Agency for Science, Technology and Research launch a partnership to industrialise a process transforming biochar into hard carbon, essential for sodium-ion and lithium-ion battery production. —
Avangrid has completed a strategic pilot with Tyba to optimise battery site selection, simulating operations at over 2,400 locations to refine profitability and the management of energy storage on US power markets.
Consent Preferences