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4 months ago
https://www.prnewswire.com/news-releases/american-battery-technology-company-hires-former-tesla-head-of-fpa-europe-scott-smith-as-vice-president-of-financial-planning-and-analysis-302131630.html
American Battery Technology Company Hires Former Tesla Head of FP&A Europe, Scott Smith, as Vice President of Financial Planning and Analysis
American Battery Technology Company (PRNewsfoto/American Battery Technology Company)
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American Battery Technology Company
Apr 30, 2024, 08:38 ET
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Key leadership position filled to facilitate ABTC's rapid growth and capital expansion projects
RENO, Nev., April 30, 2024 /PRNewswire/ -- American Battery Technology Company (ABTC) (NASDAQ: ABAT), an integrated critical battery materials company that is commercializing its technologies for both primary battery minerals manufacturing and secondary minerals lithium-ion battery recycling, is pleased to announce the onboarding of Scott Smith as its vice president of financial planning and analysis (FP&A) to support the company's strategic growth trajectory and to lead the company's investor relations functions.
Scott Smith, American Battery Technology Company’s vice president of financial planning and analysis.
Scott Smith, American Battery Technology Company’s vice president of financial planning and analysis.
"Scott has been an excellent addition to this team since joining us at the beginning of the year, and he has now relocated from Berlin to work out of our Reno headquarters," shared ABTC CFO Jesse Deutsch. "We are rapidly expanding operations in both our battery recycling and primary lithium manufacturing businesses, and Scott's diverse experiences leading financial operations, driving fast-growth market expansions, and managing financial investments for publicly-traded, global companies have been integral to ABTC as we continue to advance our commercialization efforts."
Smith is an experienced finance professional with over a decade of expertise in financial business operations within the electric vehicle and consumer goods sectors. He is skilled in strategic planning, intricate financial modeling, and fostering cross-functional partnerships with demonstrated success in enhancing cost efficiencies, facilitating market expansion, and maximizing investment returns.
Prior to joining ABTC, Smith worked at Tesla for over seven years and recently was based in Berlin, Germany as Tesla's head of FP&A and business operations for all Europe, the Middle East, and Africa (EMEA) operations. This group was responsible for driving annual revenue of more than $20 billion with a more than 50 percent annual growth rate, and Gigafactory capital expenditures of over $4 billion with efficiency spends across all scopes and technical functions. Beforehand, Smith worked at PepsiCo and was responsible for establishing financial frameworks and internal protocols driving quicker pace-to-market and better financial controls, and served as financial lead on large-scale, Frito-Lay innovation projects.
In his role as the company's first vice president of FP&A, Smith oversees the development, implementation, and evaluation of ABTC's budgetary and forecasting processes and capital expansions. He is responsible for creating and maintaining the rigorous financial models used for scenario analysis, forecasting, and decision-making critical to the company's strategic growth initiatives and expanded commercialization activities.
"I am thrilled to join American Battery Technology Company to help support the company's rapid growth and to work with our strategic partners to facilitate our capital expansion projects," stated Scott Smith, ABTC's vice president of financial planning and analysis. "I have experienced firsthand the challenges and successes of building commercial factories, teams, and companies from the ground up as part of new growth initiatives, and am excited to now drive these efforts at ABTC."
Smith earned a bachelor's in commerce from the Smith School of Business at Queen's University in Kingston Ontario.
About American Battery Technology Company
American Battery Technology Company (ABTC), headquartered in Reno, Nevada, has pioneered first-of-kind technologies to unlock domestically manufactured and recycled battery metals critically needed to help meet the significant demand from the electric vehicle, stationary storage, and consumer electronics industries. Committed to a circular supply chain for battery metals, ABTC works to continually innovate and master new battery metals technologies that power a global transition to electrification and the future of sustainable energy.
threebabiesbusy
4 months ago
https://www.prnewswire.com/news-releases/american-battery-technology-company-ramps-its-lithium-ion-battery-recycling-facility-and-operates-at-over-115-design-rate-302143528.html
American Battery Technology Company Ramps its Lithium-Ion Battery Recycling Facility and Operates at Over 115% Design Rate
American Battery Technology Company (PRNewsfoto/American Battery Technology Company)
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American Battery Technology Company
May 13, 2024, 09:32 ET
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Accomplishing a major commercialization milestone, the company continues to aggressively advance recycling operations to increase battery metals manufacturing for U.S.-based strategic customers
Achievement marks capabilities of the company's internally-developed, first-of-kind, commercial-scale battery recycling technologies for recovery of battery materials with high yields, low cost, and a low environmental footprint
Spurred by U.S. Department of Energy grant awards and recent 48C tax credit awards, the facility is on-track for introducing IRA-compliant and responsibly-sourced, battery grade metals into the North American supply chain in support of diminishing reliance on imported materials from Foreign Entities of Concern (FEOC)
RENO, Nev., May 13, 2024 /PRNewswire/ -- American Battery Technology Company (ABTC) (NASDAQ: ABAT), an integrated critical battery materials company that is commercializing its technologies for both primary battery minerals manufacturing and secondary minerals lithium-ion battery recycling, has achieved a significant milestone by demonstrating a fixed duration operation of its commercial-scale lithium-ion battery recycling facility at a steady-state throughput of greater than 115% of its maximum design rate. At full production capacity, this facility was initially designed to nominally process 20,000 metric tonnes per year of battery feedstock, and surpassing this design rate demonstrates the impact of the continued process enhancements that have been implemented in the commissioning of the facility.
American Battery Technology Company employees load lithium-ion batteries for processing at its recycling plant in Nevada. The company is making significant advancements in commercializing its internally-developed, first-of-kind, battery recycling technologies for recovery of battery materials with high yields, low cost, and a low environmental footprint.
American Battery Technology Company employees load lithium-ion batteries for processing at its recycling plant in Nevada. The company is making significant advancements in commercializing its internally-developed, first-of-kind, battery recycling technologies for recovery of battery materials with high yields, low cost, and a low environmental footprint.
"One of the key advantages of commercializing an internally-developed technology is that the team members have a fundamental understanding of every unit operation within the processing train. This allows them to be constantly evaluating the data and operating conditions from the facility in real-time and continuously enhancing the operations, both through incremental day-to-day as well as step-change disruptive improvements," stated ABTC CEO Ryan Melsert. "We're incredibly proud of this team who have taken ownership of the success of this facility as we move to 24/7 operations."
The ABTC recycling facility utilizes a first-of-kind integrated set of recycling processes based on a strategic de-manufacturing approach that utilizes a deconstruction process combined with a targeted selective hydrometallurgical process. This system is agnostic to feedstock form factors and can process lithium-ion batteries and manufacturing scrap of a variety of sizes and shapes, and with a wide range of internal chemistries. The first phase of the recycling process produces recycled products that includes copper, aluminum, steel, a lithium intermediate, and a black mass intermediate material, and the integrated second phase further refines these materials into battery grade nickel sulfate, cobalt sulfate, manganese sulfate, and lithium hydroxide.
"Having in-house expertise is critical to our continued success and ability to rapidly advance our operations, and I am extremely proud of the tenacity, creativity, and collaboration demonstrated by our team every day," said ABTC COO Andrés Meza. "Pushing this volume of material through a fully customized, large-scale, complex system is no easy feat, and I am extremely pleased with how smoothly the system is performing overall. Our reliability improvements are paying dividends, and we are now laser-focused on sustainable rate improvements, further operational expenditure reductions, and cost efficiencies through automation."
The company is already in the process of implementing the second phase of this integrated recycling facility, where the lithium intermediate from its first phase process will be further refined into a battery grade lithium hydroxide product, and the black mass intermediate material will be further refined into battery grade nickel, cobalt, manganese, and lithium hydroxide products.
The company's battery recycling technologies utilized at this recycling facility were developed in-house by the ABTC R&D, engineering, and technical projects team members, many of whom were previously members of the founding Tesla Gigafactory design and engineering teams. These ABTC team members have significant experience scaling processes and bringing first-of-kind commercial-scale facilities online and have leveraged this expertise to de-risk ABTC's commercialization of its battery recycling facility. The teams work symbiotically to drive the development and implementation of ABTC's first-of-kind technologies and commercial-scale facilities for domestic critical battery material manufacturing.
ABTC has been validating and optimizing its first-of-kind recycling technologies for several years, and has showcased its innovation through winning the battery recycling portion of the competitively awarded BASF-sponsored Circularity Challenge; through a battery recycling grant from the U.S. Advanced Battery Consortium (USABC), which is comprised of the U.S. Department of Energy, General Motors, Ford, and Stellantis for a commercial-scale project currently underway to demonstrate that recycled battery metal products from domestic U.S. resources can be produced at lower cost than, and at significantly improved social and environmental impact, than conventionally mined virgin minerals; and through a competitive U.S. DOE grant for a project to develop and commercialize a set of Next Generation battery recycling technologies to even further enhance the recovery of recycled products and reduce the cost of operations.
Additionally, the company has recently been selected for two competitively awarded tax credits totaling over $60 million through the Qualifying Advanced Energy Project Credits program (48C) for the reimbursement of capital expenses at its current Nevada recycling facility, to support the capital expenditures for the second phase processes at this facility, and to support the construction of a significantly larger additional battery recycling facility to process material from new strategic suppliers.
About American Battery Technology Company
American Battery Technology Company (ABTC), headquartered in Reno, Nevada, has pioneered first-of-kind technologies to unlock domestically manufactured and recycled battery metals critically needed to help meet the significant demand from the electric vehicle, stationary storage, and consumer electronics industries. Committed to a circular supply chain for battery metals, ABTC works to continually innovate and master new battery metals technologies that power a global transition to electrification and the future of sustainable energy.
threebabiesbusy
4 months ago
https://www.prnewswire.com/news-releases/american-battery-technology-company-successfully-manufactures-lithium-hydroxide-from-its-first-of-kind-nevada-based-claystone-integrated-demonstration-facility-302175545.html
American Battery Technology Company Successfully Manufactures Lithium Hydroxide from its First-of-Kind, Nevada-Based Claystone Integrated Demonstration Facility
American Battery Technology Company (PRNewsfoto/American Battery Technology Company)
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American Battery Technology Company
Jun 18, 2024, 08:50 ET
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American Battery Technology Company (NASDAQ:ABAT) demonstrates ability to manufacture commercially-viable lithium product with its internally-developed processing technologies from a U.S resource, diminishing reliance on foreign entities
Demonstration-scale quantities of manufactured lithium hydroxide to be used for qualification processes by strategic partners in negotiation of long-term commercial-scale offtake agreements that can directly support build out of a North American Critical Battery Minerals Supply Chain
Successful operation of demonstration facility allows for acceleration of construction and operations of U.S. Department of Energy (DOE) grant supported 30,000 MT LiOH/year commercial-scale domestic refinery to be located at its Tonopah Flats Lithium Project, one of the largest known lithium deposits in the United States
RENO, Nev., June 18, 2024 /PRNewswire/ -- American Battery Technology Company (NASDAQ: ABAT), an integrated critical battery materials company that is commercializing its technologies for both primary battery minerals manufacturing and secondary minerals lithium-ion battery recycling, announced that it has successfully manufactured demonstration-scale quantities of lithium hydroxide material produced in its integrated facility specifically utilizing its own lithium bearing claystone material from its Tonopah Flats Lithium Project (TFLP) resource near Tonopah, Nevada.
Lithium hydroxide successfully manufactured at American Battery Technology Company’s integrated demonstration facility. The facility utilizes the company’s first-of-kind technology to manufacture this lithium hydroxide from claystone collected from its Tonopah Flats Lithium Project in Nevada, one of the largest known lithium deposits in the United States.
Lithium hydroxide successfully manufactured at American Battery Technology Company’s integrated demonstration facility. The facility utilizes the company’s first-of-kind technology to manufacture this lithium hydroxide from claystone collected from its Tonopah Flats Lithium Project in Nevada, one of the largest known lithium deposits in the United States.
"There are currently multiple corporations constructing multi-billion-dollar facilities for the manufacturing of high energy density cathode active material within North America, and these facilities require large amounts of lithium specifically in the form of battery grade lithium hydroxide as their feed material," stated ABTC CEO Ryan Melsert. "However, there are currently no commercial facilities within the U.S. to manufacture battery grade lithium hydroxide from U.S.-based resources. We are excited to have developed our own technologies for how to manufacture lithium hydroxide from our own U.S.-based unconventional claystone resource, to have constructed this integrated demonstration scale facility with support from the US Department of Energy through a competitive grant where we can process hundreds of tonnes of material, and to now be manufacturing large quantities of lithium hydroxide material to deliver to strategic customers for their qualification and long-term offtake agreement processes."
The signing of long-term purchase offtake agreements for battery grade lithium hydroxide is critical to the success of the corporations currently constructing facilities for the manufacturing of high energy density cathode active material. With the type of demonstration-scale facility that ABTC has constructed and is currently operating, large quantities of representative lithium hydroxide can be produced and delivered to these automotive OEM, battery cell manufacturing, and cathode manufacturing corporations for qualification and evaluation in the process of negotiating and signing these long-term offtake agreements.
ABTC is working to further evolve this technology by constructing a commercial-scale 30,000 tonnes lithium hydroxide per year refinery utilizing this system design directly at its TFLP property, which has been identified as one of the largest lithium resources in the U.S. In October 2022, ABTC was selected for an additional competitively awarded $57.5 million grant from the U.S. DOE for a $115M project to support the construction of this commercial refinery. ABTC has engaged one of the premier global construction firms, Black & Veatch, for the engineering, procurement, and construction of this commercial-scale lithium hydroxide refinery.
Lithium products are generally manufactured from conventional feedstock resources, which include hard rock spodumene materials primarily from western Australia and lithium-rich brines primarily from South America, however the U.S. does not have large quantities of these developed conventional resources. As a result, in order to significantly increase U.S. production of battery grade lithium products, ABTC has developed a set of processing technologies specifically for use with the unconventional resource of lithium-bearing claystone that is found in Nevada. ABTC has now explored and developed its own lithium-bearing claystone resource at its more than 10,000 acre Tonopah Flats Lithium Project, which has been assessed to be one of the largest identified lithium resources in the U.S.
Concurrently, the company is also commercializing its first-of-kind technologies for its battery recycling operations and has successfully manufactured a large inventory of recycled battery metal products at its commercial-scale recycling facility in Storey County, Nevada. ABTC's internally-developed recycling processes utilize an upfront strategic de-manufacturing process followed by a targeted chemical extraction train in order to recover battery materials with high yields, low cost, and with a low environmental footprint. These ABTC recycling technologies have won several competitive corporate awards and government grants and are fundamentally different than conventional methods of battery recycling, which generally utilize either high temperature smelting operations or non-strategic shredding systems.
Bringing first-of-kind technologies to market, ABTC's battery recycling and primary battery metals commercialization efforts support the buildout of a domestically-sourced battery metals circular supply chain.
About American Battery Technology Company
American Battery Technology Company (ABTC), headquartered in Reno, Nevada, has pioneered first-of-kind technologies to unlock domestically manufactured and recycled battery metals critically needed to help meet the significant demand from the electric vehicle, stationary storage, and consumer electronics industries. Committed to a circular supply chain for battery metals, ABTC works to continually innovate and master new battery metals technologies that power a global transition to electrification and the future of sustainable energy.
threebabiesbusy
4 months ago
https://www.prnewswire.com/news-releases/us-department-of-energy-secretary-jennifer-granholm-tours-american-battery-technology-company-commercial-facilities-302179090.html
US Department of Energy Secretary Jennifer Granholm Tours American Battery Technology Company Commercial Facilities
American Battery Technology Company (PRNewsfoto/American Battery Technology Company)
NEWS PROVIDED BY
American Battery Technology Company
Jun 21, 2024, 09:46 ET
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RENO, Nev., June 21, 2024 /PRNewswire/ -- American Battery Technology Company (NASDAQ: ABAT), an integrated critical battery materials company that is commercializing its technologies for both primary battery minerals manufacturing and secondary minerals lithium-ion battery recycling, hosted U.S. Department of Energy Secretary Jennifer Granholm and members of her staff at its commercial lithium-ion battery recycling facility earlier this week. The tour follows American Battery Technology Company's (ABTC) recent announcement of its first successful manufacturing of lithium hydroxide from its first-of-kind, Nevada-based claystone integrated demonstration plant that was constructed with support from a grant from the U.S. Department of Energy (DOE).
U.S. Department of Energy Secretary Jennifer Granholm addresses members of the American Battery Technology Company and tour guests at its commercial recycling facility and Nevada-based claystone integrated demonstration plant.
U.S. Department of Energy Secretary Jennifer Granholm addresses members of the American Battery Technology Company and tour guests at its commercial recycling facility and Nevada-based claystone integrated demonstration plant.
American Battery Technology Company CEO Ryan Melsert shows U.S. Department of Energy Secretary Jennifer Granholm battery metal products, including lithium, made from the company’s first-of-kind technologies utilized in its lithium ion battery recycling operations.
American Battery Technology Company CEO Ryan Melsert shows U.S. Department of Energy Secretary Jennifer Granholm battery metal products, including lithium, made from the company’s first-of-kind technologies utilized in its lithium ion battery recycling operations.
"I'm very proud of our team for constructing and commissioning ahead of schedule our multi-tonne per day demonstration system for the manufacturing of battery grade lithium hydroxide from our own Nevada-based sedimentary claystone resource," stated American Battery Technology Company CEO Ryan Melsert. "It was an especially proud moment to have Secretary Granholm come onsite to tour this demonstration facility, to review our progress on scaling this technology even further to our commercial scale refinery with support from an additional U.S. DOE grant, and to have so many of our strategic partners and stakeholders onsite to galvanize our path forward and align to establishing a true US closed-loop battery supply chain."
During the visit, Secretary Granholm toured ABTC's lithium hydroxide from claystone demonstration facility, its lithium-ion battery recycling plant, and met several ABTC strategic partners and stakeholder leaders who participated in the tour and events.
The tour started with ABTC's lithium hydroxide from claystone demonstration facility highlighting the company's integrated, first-of-kind process train specifically designed to access the lithium in these types of US-based unconventional resources to produce a low-cost and low environmental impact lithium hydroxide monohydrate product (LiOH) that meets the rigorous specifications for use in high energy density battery cathode manufacturing. While the U.S. does not hold large deposits of conventional lithium resources, such as hard rock ores and lithium-rich brines, it does have significant amounts of lithium held in unconventional deposits, such as sedimentary claystone resources. To date, attempts to produce battery-grade lithium products from these vast quantities of lithium-bearing unconventional sedimentary resources have utilized processes that were designed for conventional hard rock or brine-based resources, and as a result were not economically competitive.
With its demonstration facility now operational, ABTC is working to further evolve this technology by constructing a commercial-scale 30,000 tonnes lithium hydroxide per year refinery utilizing this system design directly at its Tonopah Flats Lithium Project, which has been identified as one of the largest lithium resources in the U.S. In October 2022, ABTC was selected for an additional competitively awarded $57.5 million grant from the U.S. DOE for a $115M project to support the construction of this commercial refinery. ABTC has engaged one of the premier global construction firms, Black & Veatch, for the engineering, procurement, and construction of this commercial-scale lithium hydroxide refinery.
After touring the LiOH pilot plant, the Secretary viewed the commercial lithium-ion battery recycling operations. The ABTC recycling facility utilizes a first-of-kind integrated set of recycling processes based on a strategic de-manufacturing approach that utilizes a deconstruction process combined with a targeted selective hydrometallurgical process. This system is agnostic to feedstock form factors and can process lithium-ion batteries and manufacturing scrap of a variety of sizes and shapes, and with a wide range of internal chemistries. The first phase of the recycling process produces recycled products that includes copper, aluminum, steel, a lithium intermediate, and a black mass intermediate material, and the integrated second phase further refines these materials into battery grade nickel sulfate, cobalt sulfate, manganese sulfate, and lithium hydroxide.
Several strategic partners and civic leaders joined the tour, including:
Tom Burns, Executive Director, Nevada Governor's Office of Economic Development
Andrew Clinger, Vice President for Administration & Finance, University of Nevada, Reno
Jessica Diss, Northern Nevada Legislative Director, Office of Senator Cortez-Masto
Jon Dunham, AVP, Managing Director of Mining & Metals, Black & Veatch
Joni Eastley, Tonopah Main Street and Tonopah Town Board, Vice Chair
Mridul Gautam, Vice President of Innovation and Research, University of Nevada, Reno
Brady Hays, Sr. Vice President & Executive Managing Director, Energy Resources, Process Industries, Mining and Manufacturing, Black & Veatch
Benjamin Knudsen, Vice President Research, North America, BASF
Jackie Pierrott, VP of Government Affairs, Nevada Battery Coalition
Kristen Wahl, Director of Energy Justice and Workforce Readiness for Advanced Energy Technologies, Argonne National Laboratory
Bringing first-of-kind technologies to market, ABTC's battery recycling and primary battery metals commercialization efforts support the buildout of a domestically-sourced battery metals circular supply chain. ABTC has been selected for several competitive grant awards supporting the advancement and commercialization of its first-of-kind technologies for both recycling and primary LiOH manufacturing.
U.S. DOE Investments in ABTC Lithium-Ion Battery Recycling
October 2021: ABTC was selected for a $2 million project from the United States Advanced Battery Consortium (USABC) supported by funding from US DOE to support the recycling of battery packs and extraction of battery metals, with USABC cost share of $500 thousand.
November 2022: ABTC was selected for a $20 million project from the U.S. DOE to scale, optimize, and commercialize three next generation techniques to even further enhance the performance of the recycling train, with a federal cost share of $10 million.
March 2024: Awarded qualifying advanced energy project tax credits (48C) for $20 million for capital expenditures for battery recycling.
March 2024: Awarded qualifying advanced energy project tax credits (48C) for $40 million for the construction of a new commercial recycling facility.
U.S. DOE Investments in ABTC Lithium Hydroxide (LIOH) from Claystone Manufacturing
October 2021: ABTC was selected for a $4.5 million project from the U.S. DOE for the demonstration of battery-grade lithium hydroxide precursor production from Nevada claystone resources, with federal cost share of $2.27 million.
October 2022: ABTC was selected for a $115 million project from the U.S. DOE to construct a commercial-scale lithium hydroxide refinery, with a federal cost share of $57 million.
About American Battery Technology Company
American Battery Technology Company (ABTC), headquartered in Reno, Nevada, has pioneered first-of-kind technologies to unlock domestically manufactured and recycled battery metals critically needed to help meet the significant demand from the electric vehicle, stationary storage, and consumer electronics industries. Committed to a circular supply chain for battery metals, ABTC works to continually innovate and master new battery metals technologies that power a global transition to electrification and the future of sustainable energy.
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