American Battery Technology Company awarded $150 million in federal funds

RENO, Nev. (KOLO) - Reno-based American Battery Technology Company has been awarded $150 million in federal funding for a second lithium-ion battery recycling facility.

The new facility will be used to process around 100,000 tons of battery materials per year from its battery manufacturer.

"We are extremely honored to be selected for this government investment to further expand our domestic battery recycling operations, and after having gone through nearly one-year of technical and economic evaluation, we appreciate the level of diligence that the government employed in making this decision," stated ABTC CEO Ryan Melsert. "We are greatly appreciative of the confidence and support we have received from our partners throughout this process and are energized to move forward with our feedstock supply, product offtake, and strategic stakeholders in this critical expansion of our domestic capabilities."

The company says they hope construction on the new facility will create 1,200 jobs in construction and 330 jobs in operations.

The project is expected to begin in 2025.