Solidion Chairman and CEO Jaymes Winters said the new DOE award highlights the strength of the company’s innovation and IP portfolio work. [Image: DI Studio composite; Credits: Zarina Lukash/istockphoto, Nasdaq Exchange footage, and Solidion]
The federal ARPA-E award adds to the Dallas-based company’s momentum as it advances next-generation battery materials and builds out new power tech for AI data centers.
The lithium-ion battery recycling company has opened its new HQ and R&D laboratory in Carrollton, with a goal of "advancing critical metals recovery in a way that's both economically sustainable and environmentally responsible." The company is doing that through the use of its proprietary Membrane Solvent Extraction technology.
Founded in 2016, Momentum—whose CEO is on the Forbes 30 Under 30 list—is a lithium-ion battery recycling company. It's developed a patented battery recycling technology in conjunction with the U.S. Department of Energy's Oak Ridge National Lab and Halliburton Labs.
The investment will help Momentum build its first two battery recycling plants.
North Texas boasts a new crop of Tech Titans, including a team at Dallas Fort Worth International Airport, a University of Texas at Dallas inventor and a Lewisville ISD teacher.
North Texas boasts a new crop of Tech Titans, including a team at Dallas Fort Worth International Airport, a University of Texas at Dallas inventor and a Lewisville ISD teacher.