Aqua Metals, Inc. Achieves Significant Improvements to its Sustainability Focused Battery Recycling Technology
December 28, 2020 at 08:00 am EST
Share
Aqua Metals, Inc. announced it has completed its V1.25L electrolyzer program on time and under budget, achieving lead production that is 100% greater compared to the V1.0 electrolyzer deployed at the AquaRefinery during commercial production in 2018 and 2019. The Company previously guided a 20% increase of throughput, yet the V.125L electrolyzer surpassed that guidance by 500%. The V1.25L program concluded with a multi-day 24/7 endurance run that ended on December 24, 2020. These results should positively impact capital and operating expenses for its future equipment supply and licensee customers. The doubling of throughput results in a 50% reduction in the number of electrolyzers needed for equivalent lead production. V1.25L also has a lower build cost and reduced assembly time compared to the V1.0 electrolyzer, which correlates to a 50% decrease in capital expenditures for Aqua Metals equipment installations. In addition, electrolyzer operating expenses have been reduced by greater than 60% compared to the V1.0 electrolyzer, with the combined impact of improvements in automation and increased throughput. The current design has a single button start and stop functionality with no manual interaction required during operation, along with automated maintenance capability. The 60% reduction in operating expenses and 50% reduction in capital expenditures greatly exceeds the targets that were set in early 2020.
Aqua Metals, Inc. is engaged in the business of recycling metals. The Company is reinventing metals recycling with its patented AquaRefining technology. It provides sustainable recycling solution for materials strategic to energy storage and electric vehicle manufacturing supply chains. The Companyâs AquaRefining technology is a low-emissions, closed-loop recycling technology that replaces polluting furnaces and hazardous chemicals with electricity-powered electroplating to recover valuable metals and materials from spent batteries with higher purity, lower emissions, and minimal waste. AquaRefining is designed to deliver raw materials back into the manufacturing supply chain and replaces the need for polluting furnaces and hazardous chemicals with electricity-powered electroplating to recover valuable metals and materials from spent batteries with higher purity, lower emissions, and minimal waste. AquaRefining process produces purity metals and alloys.
AQUA METALS, INC. 
