American Battery Technology Company
IndustryRenewable energy
Lithium-ion battery
Founded2011 (2011)
Headquarters
United States
Area served
United States
Websiteamericanbatterytechnology.com

American Battery Technology Company, formerly American Battery Metals Corporation, is a US-based battery recycling technology startup founded in 2011.[1] It employs a hydrometallurgical process to recycle batteries and a targeted extraction system to extract raw materials from primary resources.[2][3]

In 2019, the company was selected as winner of BASF’s Battery Recycling Circularity Challenge, allowing for the demonstration of its lithium-ion battery recycling technology as part of the Greentown Labs accelerator program.[4] In 2021, it received a $2 million contract from the United States Advanced Battery Consortium, in collaboration with the U.S. Department of Energy for commercialization of its integrated lithium-ion battery recycling system.[5][6]

In October 2022, it was selected for a $57 million grant by the Department of Energy to design, construct, commission, and operate a first-of-its-kind commercial-scale facility to demonstrate its process for the manufacturing of battery cathode-grade lithium hydroxide from unconventional Nevada-based lithium-bearing sedimentary resources.[7]

The company's Research Development Center has been located at the Nevada Center for Applied Research at the University of Nevada Reno since 2021.[8]

Stock market trading

On September 21, 2023, American Battery Technology Company listed on the NASDAQ stock exchange under the ticker $ABAT. Previous to this, it was traded over the counter under the ticker $ABML.

ABML rose to popular awareness as a penny stock in early 2021 alongside other meme stocks such as AMC and Gamestop.[9] Various forums on Reddit, including WallStreetBets, have mentioned and promoted American Battery Technology Company.[10]

References

  1. ↑ "American Battery Technology Company (ABML) Company Profile & Facts - Yahoo Finance". finance.yahoo.com.
  2. ↑ "American Battery Technology Co, ABML:QBB profile - FT.com". markets.ft.com.
  3. ↑ Peters, Adele (4 November 2021). "Why this former Tesla engineer now works on battery recycling". Fast Company.
  4. ↑ Karasin, Reena (13 February 2020). "Circularity Challenge Spotlight: American Battery Metals Corporation". Greentown Labs.
  5. ↑ "USABC Announces $2 Million Lithium-ion Battery Recycling Program with American Battery Technology Company – USCAR". 26 October 2021.
  6. ↑ "ABTC receives contract to demonstrate its hydrometallurgical lithium-ion battery recycling process". Best Magazine. 21 January 2022.
  7. ↑ Voloschuk, Chris (October 21, 2022). "ABTC receives US DOE grant for construction of lithium manufacturing facility". Recycling Today. Retrieved 2023-01-06.
  8. ↑ "American Battery Technology expands R&D center at the University of Nevada, Reno". Green Car Congress. 2022-08-02. Retrieved 2022-08-27.
  9. ↑ Hartwig, Justin (June 17, 2021). "Reddit's Top Investing and Trading Communities".
  10. ↑ "Penny Stocks to Buy Now? Why Reddit Traders Are Watching These 10". Yahoo Finance. 9 July 2021.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.