Nth Cycle, a metal processing and recycling technology company based in Boston, has been awarded a $250,000 grant by the Massachusetts Clean Energy Center (MassCEC) through its InnovateMass program. The grant money will go toward commercializing Nth Cycle’s clean and modular electro-extraction technology.
“MassCEC is pleased to support the commercialization of technologies that empower a local economy for the energy transition,” says Steve Pike, CEO of MassCEC. “Critical minerals are an essential enabler of the renewable energy transition that is needed for the Commonwealth to achieve its climate goals.”
According to a news release from Nth Cycle, the technology can salvage critical minerals from several e-scrap and low-grade mine tailings for use in new lithium-ion battery production in the U.S.
“We’re thankful for the faith MassCEC has shown in us, and it comes at an important time,” says Megan O’Connor, CEO of Nth Cycle. “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 a 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. This grant will help us bring Nth Cycle’s technology solution to scale even faster.”
Nth Cycle says its 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 products without polluting furnaces or harsh chemical waste.
The Massachusetts Clean Energy Center is dedicated to accelerating the success of clean energy technologies, companies and projects in the state. InnovateMass is specifically designed to provide targeted, strategic support to companies deploying new clean energy technologies with a strong potential for commercialization.