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Aqua Metals has developed a course of for recycling lithium-ion batteries that it says is way cleaner, extra environment friendly and more cost effective than present strategies (see our current in-depth interview with firm execs). Now Aqua has signed a strategic provide settlement with battery supplies provider 6K Power to ascertain a extra sustainable provide chain for battery important minerals.
Beginning in 2024, Aqua Metals will ship sustainably recycled battery supplies from its Sierra ARC facility in Reno, Nevada, which 6K Power will use to fabricate cathode energetic materials (CAM) at its PlusCAM facility in Jackson, Tennessee. At full scale, Aqua will present 30% of the nickel and lithium carbonate wanted at 6K’s PlusCAM facility.
Primarily based on right now’s metals costs, the supplies provided below this offtake settlement could have an estimated worth of over $50 million yearly as soon as the 2 amenities attain capability.
“Our strategic settlement with 6K Power represents a pivotal second in our mission to construct a extra sustainable battery ecosystem from the bottom up right here in North America,” mentioned Steve Cotton, President and CEO of Aqua Metals. “Collectively, we’re demonstrating the viability and financial advantages of closed-loop recycling for important battery metals and laying the muse for the US to say management on this quickly accelerating international trade.”
Like Aqua’s recycling processes, 6K Power’s UniMelt manufacturing course of will be powered solely by clear vitality, and has a transparent pathway to net-zero operations sooner or later. The businesses’ patented processes additionally get rid of the manufacturing of hundreds of tons of sodium sulfate waste—a byproduct of conventional cathode manufacturing and recycling strategies.
“This settlement extends past a provide contract—it’s a partnership geared toward redefining trade requirements for environmental duty and value effectivity in battery materials manufacturing,” acknowledged Sam Trinch, President of 6K Power. “6K Power would be the first in North America to include massive portions of sustainably recycled metals into our battery supplies, utilizing our low-cost, low-carbon-footprint CAM manufacturing know-how.”
Supply: Aqua Metals
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