Revex Technologies specializes in sustainable processing and production of critical minerals, with a particular focus on nickel, which is essential for the clean energy transition. The company’s innovative approach combines upstream extraction, midstream processing, and downstream recycling through strategic partnerships with the nickel mining industry. This integration creates a resilient battery material supply chain, addressing the growing demand for critical minerals projected to increase twentyfold in the next decade. Revex’s methods significantly reduce operational costs and greenhouse gas emissions, achieving a 40% reduction compared to traditional smelting techniques.
Battery Technology
Revex Technologies has developed proprietary mineral processing solutions that handle multiple feedstock types, including mine ore concentrate, mine tailings, and recycled lithium-ion batteries. Their REV Nickel Project encompasses three specialized facilities in Marquette County, Michigan. The Eagle Paste Facility processes mine wastes containing residual nickel through flotation technology, producing paste backfill and nickel iron sulfide. The reClaim Facility uses fluidized bed roasting and reduction technology to generate Green Nickel Concentrate. The reCover Facility employs grinding and mechanical separation technologies to extract valuable materials from spent lithium-ion batteries, including cobalt, nickel, and lithium.
This integrated approach enables Revex to produce sufficient domestic nickel for approximately 500,000 electric vehicle batteries annually. The company’s processing methods are designed to minimize environmental impact while maximizing resource recovery, supporting the transition to sustainable energy solutions.
Recent Projects
In late 2023, Revex Technologies secured substantial funding to advance its operations. The company was selected for up to $145 million in funding from the U.S. Department of Energy’s Office of Manufacturing and Energy Supply Chains. Additionally, the State of Michigan awarded Revex $50 million through the Make it in Michigan Competitiveness Fund. These funds support the development of their multi-plant ecosystem, scheduled to begin construction in Q3 2024. The project is expected to create 115 new clean tech positions and support over 360 construction jobs while maintaining 425 existing positions.
Investors
The available information indicates that Revex Technologies has received significant government funding totaling $195 million through the Department of Energy and the Make it in Michigan Competitiveness Fund. However, specific private investors are not publicly disclosed in the provided information.
Business Details
Location: Houghton, Michigan, USA
Website: https://revextech.com
LinkedIn: https://www.linkedin.com/company/96089693
