RENO, Nev., Sept. 27, 2021 (GLOBE NEWSWIRE) -- Aqua Metals, Inc. (NASDAQ: AQMS) (“Aqua Metals” or the “Company”), which is reinventing metals recycling with its AquaRefining technology, has established an Innovation Center focused on applying its proven technology to lithium-ion battery recycling research and development and prototype system activities. Aqua Metals’ strategic decision to apply its proven clean, closed-loop hydrometallurgical and electrochemical recycling experience to lithium-ion battery recycling is designed to meet the growing demand for critical metals driven by the global transition to electric vehicles, growth in Internet data centers, and alternative energy applications including solar, wind, and grid-scale storage. The global lithium-ion battery recycling market size is predicted to be $11.07 billion in 2027.
The Aqua Metals Innovation Center is located in Tahoe Reno Industrial Center (TRIC), with many of the world’s foremost technology companies, including the Tesla GigaFactory, Blockchain, Google, Jet.com, and Switch. The Aqua Metals Innovation Center has been strategically and cost-effectively designed to meet the Company’s R&D needs. The objective of the Innovation Center is to expand the development of breakthrough technologies for sustainable metal recycling that can deliver high-value raw materials back into the manufacturing supply chain while reducing emissions and toxic byproducts, creating safer work environments and lowering...
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