Commercial Recycling Demonstration Grant

US Advanced Battery Consortium

American Battery Technology Company received a $2 million contract award from the United States Advanced Battery Consortium LLC (USABC), in collaboration with the U.S. Department of Energy (DOE), for the commercial demonstration of its integrated lithium-ion battery recycling system and production of battery cathode grade metal products, the synthesis of high energy density active cathode material from these recycled battery metals by cathode producer and lithium-ion battery recycler BASF, and then the fabrication of large format automotive battery cells from these recycled materials and the testing of these cells against otherwise identical cells made from virgin sourced metals by cell technology developer C4V.

ABTC was selected after responding to a request for proposal information (RFPI) titled “Development of a Cell Using Recovered Active Materials from End of Vehicle Life Li-ion Batteries” by the United States Advanced Battery Consortium.

The program’s focus is to demonstrate that battery grade metals can be manufactured from recycled materials at lower cost, lower environmental impact, and with higher domestic U.S. sourced content than conventional virgin sourced metals. Commercially prevalent processes will then be used to synthesize high energy density active cathode material from these recycled metals, and then large format automotive battery cells will be manufactured from these recycled materials and tested to validate that these cells achieve the same performance metrics as otherwise identical cells manufactured from conventional virgin-sourced metals.

The contract award, which includes a 75% cost-share, funds a 30-month project that began in October 2021. This is American Battery Technology Company’s first contract with USABC.

About USABC

USABC is a subsidiary of the United States Council for Automotive Research LLC (USCAR). Enabled by a cooperative agreement with the U.S. Department of Energy (DOE), USABC’s mission is to develop electrochemical energy storage technologies that advance commercialization of next generation electrified vehicle applications. In support of its mission, USABC has developed mid- and long-term goals to guide its projects and measure its progress. For more information, visit www.uscar.org/usabc.

About USCAR

USCAR is the collaborative technology company of Ford Motor Company, General Motors, and Stellantis. The goal of USCAR is to further strengthen the technology base of the domestic auto industry through cooperative research and development. For more information, visit www.uscar.org.

All USCAR Member companies have joined in becoming signatories of the Responsible Raw Materials Initiative (RRMI, now part of the Responsible Minerals Initiative, RMI) Declaration of Support.

About BASF

BASF Corporation, headquartered in Florham Park, New Jersey, is the North American affiliate of BASF SE, Ludwigshafen, Germany. BASF has approximately 17,000 employees in North America and had sales of $18.7 billion in 2020. For more information about BASF’s North American operations, visit www.basf.com/us.

At BASF, we create chemistry for a sustainable future. We combine economic success with environmental protection and social responsibility. More than 110,000 employees in the BASF Group contribute to the success of customers in nearly all sectors and almost every country in the world. Their portfolio is organized into six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. BASF generated sales of €59 billion in 2020. BASF shares are traded on the stock exchange in Frankfurt (BAS) and as American Depositary Receipts (BASFY) in the U.S. Further information at www.basf.com.

About C4V

C4V™ is an intellectual property company based in Binghamton, New York with expertise and patented discoveries in lithium-ion battery composition and manufacturing. C4V leverages its expertise in materials science, cell designs, process development and also deep roots into the supply chain to create next-generation energy storage solutions, and smart Giga factories. Through its unique business model C4V is currently involved in two Giga projects and bringing products to market through its sister companies like iM3NY (New York, USA) and iM3TVS (Townsville Australia). iM3NY is evolving as one of the largest and first home grown Gigafactory in the US that is starting its no Cobalt, no Nickel, non LFP cell production from its first plant in Endicott New York in early 2022.