American Battery Technology Co. (ABTC) has secured a taxpayer-funded award of $20 million through the Qualifying Advanced Energy Project Credit program (48C), administered by the U.S. Department of Treasury Internal Revenue Service, involving evaluation by the U.S. Department of Energy (DOE), focusing on the feasibility of advancing critical material recycling infrastructure in the U.S.
The funds will facilitate the acceleration of ABTC’s commercial-scale hydrometallurgy-based recycled battery materials processing and refinement systems, aiming to enhance domestic critical mineral manufacturing capacity. The company’s recycling process integrates strategic demanufacturing and chemical extraction to recover battery materials efficiently, cost-effectively, and with minimal environmental impact.
The $20 million award will support capital expenditures and infrastructure enhancements at ABTC’s battery recycling facility in the Tahoe-Reno Industrial Center (TRIC) in Storey County. Combined with previous DOE taxpayer-funded grants totaling over $70 million, the monies will contribute to building a domestically sourced circular supply chain for battery metals.
In other news, Susan Yun Lee, a financial industry veteran, joined ABTC’s board of directors on Monday, April 1, while Julie Blunden stepped down in March.
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