11 hrs ago
Bridge Green and Hartree Sign Up to $1 Billion Lithium Deal
Bridge Green recycles old and scrap lithium-ion batteries to recover useful materials.
Hartree is a company that trades energy and other commodities.
The two companies agreed to work together on recycled lithium carbonate.
The agreement will last at least eight years.
Hartree plans to buy about 10,000 metric tons of the material each year and help sell it.
Hartree is also investing money in Bridge Green’s expansion.
Bridge Green plans to build or expand refining facilities in the United States and India.
The first lithium carbonate shipments are expected in 2028.
The companies say the deal could help the United States rely less on imported lithium.
Bridge Green and Hartree announced an eight-year lithium carbonate agreement valued at an estimated $500 million to $1 billion at current market conditions.
Hartree will receive exclusive marketing rights and purchase approximately 10,000 metric tons of Bridge Green’s lithium carbonate annually.
Hartree is also investing in Bridge Green’s bridge financing round to support battery recycling and critical-mineral refining expansion.
Bridge Green’s first lithium carbonate shipments under the agreement are projected for 2028, with planned facilities in the United States and India.
The companies said the deal aims to strengthen domestic access to recycled lithium amid efforts to build more resilient critical-mineral supply chains.
- Who
- Bridge Green Upcycle and Hartree Partners.
- What
- They announced an eight-year commercial agreement for recycled lithium carbonate, alongside Hartree’s equity investment in Bridge Green’s bridge financing round.
- Where
- The announcement was datelined New York, United States; Bridge Green has commissioned a facility in India and plans refining facilities in the United States and India.
- When
- Announced September 23; first lithium carbonate volumes are projected for 2028.
- Why
- To expand battery recycling and refining, secure domestic lithium supplies, and strengthen critical-mineral supply chains.
Key facts
- Agreement term
- Initial eight years, with an option to renew for an additional seven years
- Estimated value
- $500 million to $1 billion at current market conditions
- Annual volume
- Approximately 10,000 metric tons of lithium carbonate across all grades
- Hartree rights
- Exclusive marketing rights for lithium carbonate produced by Bridge Green during the term
- First projected volumes
- 2028
- Existing facility
- Circularity Center India was commissioned in the second quarter of 2026 with nameplate capacity of approximately 7,200 metric tons per year of lithium-ion battery input
- Planned use of funding
- Expansion of battery recycling and critical-mineral refining facilities in the United States and India
Quotes
Landon Berns
Head of Battery and Critical Minerals at Hartree Partners
“This agreement marks a defining milestone and a significant step towards developing a circular supply chain for Bridge Green. The scale and long term commitment by Hartree following a rigorous evaluation process, provides strong validation of our technology and business model. More importantly, this accelerates deployment to support the domestic need for critical minerals.”
theprint.in
“Critical minerals are a key pillar of Hartree’s growth strategy, and securing domestic supply and returning recovered materials to productive use are core parts of our approach.”
theprint.in
Sources
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