The US arm of France’s transnational Veolia group is to operate and manage the Nevada facility of US lead-acid battery recycling company Aqua Metals.
Aqua Metals said Boston-based Veolia North America Regeneration Services would provide operations, maintenance and management services at the AquaRefining plant in McCarran under a partnership agreement.
Veolia “will contribute operational and technological expertise and organisational capabilities in aqueous-based process chemistries and electrolysis, along with taking on responsibility for operations, supply chain, off take and management of the plant”, Aqua Metals said.
Newly-appointed Aqua Metals president Steve Cotton, who left the novel lead-acid battery recycling firm just over a year ago, has admitted the company is still working on getting its process modules to “steady state” operation— and will probably be operating as little as four of them in the coming months to get things right as the company moves to scale.
Concentrating on the technology is unlikely to improve the company’s bottom line for some time. However, the original business model was premised on being able to sell fund development through the sale of sufficient refined lead.