Johnson Controls is set to employ a new technology that recycles spent lead-acid batteries through a water-based, fundamentally non-polluting process. "This is a huge shakeup considering current lead-acid battery recycling processes involve significant pollutants," said an Aqua Metals' spokesperson.
Johnson Controls will also be investing $11m in Aqua Metals as part of the deal.
“Our partnership with Johnson Controls is a tremendous step forward and is an opportunity for us to work with the global leader in automotive battery manufacturing and responsible recycling,” said Dr Stephen Clarke, chairman and CEO of Aqua Metals. “We will build on this relationship in order to enable clean and efficient battery recycling around the world.”
Under the agreement, Johnson Controls aims to become the first licensee for AquaRefining technology; supply Aqua Metals with batteries to recycle as a service as part of the Johnson Controls closed-loop network; purchase AquaRefined metals produced from Aqua Metals’ facilities and acquire just under 5% of Aqua Metals outstanding shares
“Agreements like this are a part of our continuing strategy to invest in clean technologies, building on our commitment to create a more sustainable and environmentally responsible industry,” said Joe Walicki, president of Johnson Controls Power Solutions.
Aqua Metals recently opened its first plant in McCarran, Nevada.