Battery Resourcers News

01/14/22


Battery Resourcers, a vertically integrated lithium-ion battery recycling and engineered-materials company, was recently named to the annual Global Cleantech 100 list. The Cleantech Group considers the 100 companies on the list to be the top innovators in the climate tech space, “with the technologies and determination to take us from commitments to actions in the sprint to net zero.”

Battery Resourcers’ patented technology upcycles critically scarce battery elements − lithium, cobalt, and nickel − and directly transforms them into new, premium cathode active materials (CAM). Compared to the environmental impact of mining and refining virgin metals, the company’s recycling and cathode active materials (CAM) manufacturing process produces 93% lower carbon emissions at approximately 50% of the cost of newly mined metals.


“We are honored to be included on the Global Cleantech 100 list and we applaud the other companies on the list,” said Mike O’Kronley, CEO and director of Battery Resourcers. “It’s inspiring to see so many different companies working for climate action. Across industries and sectors, we all have a role to play.”


The Global Cleantech 100 list combines Cleantech Group’s research data with qualitative judgements from nominations and insight from a global, 85-member expert panel of leading investors and executives from corporations and industrials active in technology and innovation. This is the 13th edition of the prestigious report. This year’s list included entries from 94 countries with categories for Agriculture & Food, Enabling Technologies, Energy & Power, Materials & Chemicals, Resources & Environment and Transportation & Logistics. Learn more about the Global Cleantech 100 at https://www.cleantech.com/.

30,000-metric-ton-per-year facility in Covington, Georgia will be North America’s single largest battery recycling operation to extract lithium, cobalt and nickel from discarded lithium-ion batteries and scrap



COVINGTON, Ga. (January 5, 2022) Battery Resourcers, a vertically integrated lithium-ion battery recycling and engineeredmaterials company, today announced plans to open a commercial-scale, lithium-ion battery recycling facility in Covington, Ga. When the 154,000-square-foot facility is fully operational in August 2022, it will be North America’s largest battery recycling facility with capacity to process 30,000 metric tons of discarded lithium-ion batteries and scrap per year — returning battery grade lithium, cobalt and nickel back into the battery supply chain. As demand for electric vehicles (EVs) increases, industry analysts and the federal government agree the United States needs to build a sustainable battery recycling infrastructure. The opening of this facility will help meet that demand.

Battery Resourcers is investing $43 million in the facility at 9172 Industrial Drive in Covington, which will bring at least 150 jobs to the community. The site is strategically located near several EV manufacturing hubs and lithium-ion gigafactories.


Automotive OEMs are sitting on mountains of discarded batteries and scrap, and right now they have very few options for responsible and cost-effective disposal,” said Michael O’Kronley, CEO and Director of Battery Resourcers.With this convenient U.S. location and our next-generation technology, we are providing a sustainable solution to help minimize the need for mining while returning valuable, battery-grade materials back into the lithium-ion supply chain.”


O’Kronley said he wants to see the battery recycling industry bring even more recycling capacity online in the coming years. “As an industry, we need to match the capacity of the gigafactories producing millions of batteries with our own ‘gigarecycling’ facilities that can recycle millions of batteries. Our Covington facility will be the largest in North America this summer, but we encourage development of recycling facilities even larger than this one. We all win when we prevent batteries from going to landfill.”


“This is just the latest job creator to move to Georgia because of our leadership position in the electric vehicle manufacturing space,” said Governor Brian P. Kemp. “I’m proud to welcome Battery Resourcers as they open their state-of-the-art Covington facility. We are honored that they have chosen the Peach State for this milestone business venture and look forward to the opportunities we can create together for hardworking Georgians.”


“We know that Battery Resourcers had many options to consider before choosing Georgia as the location for this facility,” said Pat Wilson, Commissioner of the Georgia Department of Economic Development. “Georgia offers important assets for business growth, such as our educated workforce, pro-business climate and high quality of life, and we are confident that these qualities – combined with our commitment to sustainability – will contribute to us working in partnership with Battery Resourcers for years to come.”


The opening of the Covington facility marks the first phase of Battery Resourcers’ strategic expansion. Plans are already in motion to open an additional facility for precursor and cathode-active material production in 2023 using the company’s patented Hydro-to Cathode technology. Compared to mining and production of new materials, the Hydro-to Cathode recycling process is 93% cleaner at a 59% lower cost. A recent study published in the scholarly journal, Joule, found recycled cathode from the Hydro-to-Cathode process outperforms new cathode materials in terms of cycle life by as much as 53%. The company’s long-term plans include opening additional facilities in North America, Europe and Asia to process up to 150,000 metric tons of lithium-ion material globally per year.


Learn more about Battery Resourcers’ closed-loop recycling and cathode manufacturing process, the company’s unique Hydro-to-Cathode technology and its expansion plans at https://www.batteryresourcers.com/


ABOUT BATTERY RESOURCERS

Based in Worcester, Mass., Battery Resourcers operates the world’s most efficient lithium-ion battery recycling process. Unlike other battery recycling companies, Battery Resourcers offers a fundamentally new approach to lithium-ion battery manufacturing, starting with a mixed stream of used lithium-ion batteries or production scrap and ending with the

production of finished battery-ready cathode active materials. The company is also engineering a novel process for graphite recovery and purification, which will enable it to return both the cathode and anode active materials back to manufacturers of new batteries. Founded in 2015 with a mission of returning 100% of battery active materials back into new batteries, the company today makes EV-grade, finished cathode active materials that meet or exceed the performance requirements set by other industry-leading brands.


MEDIA CONTACTS:

Thomas Frey, APR

Battery Resourcers | tfrey@batteryresourcers.com | +1.734.658.0143


Becca Wirta

Publitek | batteryresourcers@publitek.com |+1.206.390.9021


Battery Resourcers to Open North America’s Largest Lithium-ion Battery Recycling Facility
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Prestigious Award from the New England Venture Capital Association recognizes Boston’s top start-ups and late-stage companies in climate tech.


Battery Resourcers Named 2021 Rocket Ship Climate Tech Company of the Year Prestigious Award from the New England Venture Capital Association

Battery Resourcers, a startup developing a closed-loop process for recycling and manufacturing lithium-ion battery materials, was named the 2021 Rocket Ship Climate Tech Company of the Year by the New England Venture Capital Association on Thursday, Dec. 2.


Presented at the 9th Annual NEVY Awards event in Boston, the award recognizes the top innovators, investors and companies developing clean technologies to address climate change. Battery Resourcers has raised more than $90 million in 2021 to fund commercialization of its patented Hydro-to-Cathode™ technology, the world’s most efficient lithium-ion battery recycling process. The company is on track to increase its battery processing capacity to 150,000 metric tons per year by 2023.


“As demand for electric vehicles continues to rise, it’s vital to build capacity in the U.S. to recycle and re-engineer the valuable metals in spent lithium-ion batteries and manufacturing scrap so we can return those metals to the battery supply chain in an environmentally friendly and cost-effective way,” said Michael O’Kronley, CEO of Battery Resourcers. “We are honored to be recognized by the New England Venture Capital Association for our efforts. It’s especially meaningful to be selected by a body of our peers who understand the challenges and pressures of building a successful business.”


The NEVYs are Boston’s premier celebration of the venture ecosystem, uniting the tech and life science communities. Other finalists in the Climate Tech category included Boston Materials, Boston Metal, Form Energy and Malta.