American Battery Technology Company Common Stock (ABAT)
American Battery Technology Company (ABAT) focuses on the sustainable development and recycling of batteries and critical minerals. It develops innovative processes for extracting and recovering valuable materials from used batteries and mineral resources, aiming to create environmentally friendly solutions to support the growing demand for energy storage and electric vehicles.
Company News
The global bio-based batteries market is expected to grow from $87.9 million in 2024 to $131.6 million by 2030, driven by regulatory focus on decarbonization, environmental concerns, and innovations in materials science. Key applications include medical diagnostics, wearables, and eco-electronics.
American Battery Technology Company (ABAT) secured a $144 million grant from the U.S. Department of Energy to build a second lithium-ion battery recycling plant, which will process 100,000 tonnes of battery materials annually and create 1,500 jobs.