Nth Cycle has begun building out a new 12,000-square-foot facility to house its development and executive offices in Beverly, Massachusetts. The company has signed the lease and expects to move into the new facility in September.
Nth Cycle has developed a clean and modular technology that can reliably salvage critical minerals from a variety of e-waste and low-grade mine tailings using clean electricity. Demand for critical minerals has exploded in recent years as they are essential for clean energy technologies such as batteries in electric vehicles and wind turbines.
"Nth Cycle's mission is to enable a low-impact, streamlined supply of critical minerals for the energy transition. The Boston area is a fantastic home from which to build out our future--there is talent, demand, and Massachusetts' leadership is committed to speeding the clean energy transition," said Megan O'Connor, CEO of Nth Cycle. "As we work to build that clean energy future, we need to ensure our climate solutions are abundant, accessible, and sustainable."
Nth Cycle's modular electro-extraction technology supports battery recyclers and miners with an alternative or enhancement to older, dirtier hydrometallurgy and pyrometallurgy processes. Nth Cycle's technology transforms the outputs of electronics recycling, untapped mining resources, and waste from existing mines, into high-purity critical minerals ready to be used in new production without polluting furnaces or harsh chemical waste.
