Nth cycle awarded grant for innovative technology that salvages critical minerals from e-waste and mine tailings
Nth Cycle has been awarded a $250,000 grant by the Massachusetts Clean Energy Center (MassCEC) through their InnovateMass program. InnovateMass is specifically designed to provide targeted, strategic support to companies deploying new clean energy technologies with a strong potential for commercialization.
Nth Cycle's clean and modular electro-extraction technology can reliably salvage critical minerals from a variety of e-waste and low-grade mine tailings for use in new lithium-ion battery production in the U.S. Salvaging and recycling domestic critical minerals that are used in dozens of clean energy technologies is crucial for building the clean energy future domestically.
"We're thankful for the faith MassCEC has shown in us, and it comes at an important time. The clean energy technologies that are so important for our future—electric vehicles, wind turbines, and grid energy storage—are built on a foundation of critical metals extracted overseas at great monetary and environmental cost. We're committed to enabling a low-impact, streamlined supply of these minerals to speed the clean energy transition in North America," said Megan O'Connor, CEO of Nth Cycle. "This grant will help us bring Nth Cycle's technology solution to scale even faster."
Demand for the critical minerals necessary to power the clean energy transition is growing exponentially. Nth Cycle's modular electro-extraction technology is used by battery recyclers and miners as an alternative or enhancement to older processing technologies. 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.