Ace Green Recycling
Ace Green Recycling operates modular, zero Scope 1 hydrometallurgical plants that recycle lead, LFP, and NMC batteries into battery-grade materials, licensing its proprietary GREENLEAD® and LithiumFirst™ technologies and operating commercial facilities in India and Taiwan. It is expanding to the US, Europe, and Asia Pacific and is going public via a $250M SPAC merger to list on Nasdaq.
- Company typePrivate
- Founded2019
- HeadquartersSingapore, Singapore
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Ace Green Recycling does
Ace Green Recycling (ACE Green Recycling, Inc.) is a battery recycling technology platform that operates modular, 100% electrified hydrometallurgical plants to recover battery-grade materials from lead and lithium batteries. The company's proprietary processes — GREENLEAD® for lead batteries and LithiumFirst™ for both LFP and NMC lithium chemistries — produce zero Scope 1 carbon emissions and have been independently validated by Arthur D Little. Outputs include battery-grade lead, lithium carbonate, NMC MHP and oxide, graphite, and copper, cobalt, and nickel salts, with flexible configuration into precursors and various sulfate, carbonate, and hydroxide salts as specified by customers.
The company operates a hybrid business model combining direct recycling facilities with technology licensing and equipment supply. It runs commercial lead and lithium recycling operations in India (Hapur, established 2023) and licenses technology to partners such as ACME Metal in Taiwan (with Phase II targeting capacity equivalent to 2 million car batteries per year), while shipping equipment to Thailand, Armenia, Australia, Israel, and Romania. The company is headquartered in Houston, Texas, with a regional hub in Singapore, and serves battery OEMs and EV manufacturers, recyclers and refineries, commodity trading firms (including a 15-year offtake agreement with Glencore), and government and industrial stakeholders seeking localized circular battery material supply. It is in the process of becoming publicly traded via a $250 million business combination with Athena Technology Acquisition Corp. II (Nasdaq: AGXI), supported by a $32 million PIPE financing announced in April 2026, and is developing a flagship battery recycling plant in Texas to anchor its US operations.
Ace Green Recycling firmographics
Firmographics- Name
- Ace Green Recycling
- Legal name
- ACE Green Recycling, Inc.
- Website
- https://acegreenrecycling.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Ace Green Recycling operates modular, zero Scope 1 hydrometallurgical plants that recycle lead, LFP, and NMC batteries into battery-grade materials, licensing its proprietary GREENLEAD® and LithiumFirst™ technologies and operating commercial facilities in India and Taiwan. It is expanding to the US, Europe, and Asia Pacific and is going public via a $250M SPAC merger to list on Nasdaq.
- Ownership category
- akta.pro rank
Ace Green Recycling industry classification
Industry- Product category
- Battery Recycling Technology
- NAICS
- Materials Recovery Facilities (562920)
- SIC
- Refuse Systems (4953), Hazardous Waste Management (4955)
- akta.pro primary industry
- Battery Recycling & Management (Lithium-ion, Lead-acid) (BPALAIAF)
- akta.pro secondary industries
- Battery Recycling, Second-Life & Remanufacturing (IMAGAHAL), Battery Recycling & Materials Recovery (Li-ion, LFP, Flow, Lead-Acid) (EUAMALAE), Battery Materials Refining & Re-Manufacturing Feedstocks (Li, Ni, Co, Mn, Graphite Salts) (EUAIAIAJ)
Keywords
Where Ace Green Recycling is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices4 records
Markets served
Ace Green Recycling business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Technology or R&D, Personnel, Supply Chain, Marketing or Sales
Revenue model
- Battery Recycling Operations: Ace Green operates commercial battery recycling facilities in India, processing lead and lithium batteries. The company generates revenue by processing batteries and selling recovered materials including lead, lithium carbonate, NMC MHP, NMC oxide, graphite, copper salts, cobalt salts, nickel salts, and plastics.
- Technology Licensing: Ace Green licenses its proprietary recycling technology to international partners, including ACME Metal in Taiwan. This provides licensing fees and ongoing royalties as the company expands its global platform through technology deployment partnerships.
- Equipment Supply: The company supplies battery recycling equipment to partners globally, including deployments to Taiwan, Thailand, and Armenia as part of its expansion strategy.
Go-to-market motion3 records
Distribution channels4 records
Marketing channels6 records
Ace Green Recycling product offering
Product offeringCore offering
Ace Green Recycling operates a modular battery recycling technology platform that processes end-of-life lead and lithium batteries (LFP, NMC, LTO) using proprietary 100% electrified, zero Scope 1 carbon emissions hydrometallurgical processes. The company deploys recycling plants directly and licenses its GREENLEAD® and LithiumFirst™ technologies to partners worldwide, recovering battery-grade materials including lead, lithium carbonate, NMC salts, graphite, and metal sulfates.
Product overview
ACE Green Recycling operates a modular battery recycling technology platform offering end-of-life solutions for multiple battery chemistries. The platform consists of three proprietary hydrometallurgical processes: GREENLEAD® for lead batteries and LithiumFirst™ for both LFP and NMC lithium batteries. All processes are 100% electrified with zero Scope 1 carbon emissions, producing battery-grade materials including lead, lithium carbonate, NMC salts, graphite, copper salts, and plastics. The modular architecture allows deployment across multiple regions with low capital expenditure.
Differentiator
Problem solved
Functional benefit
Brands
- GREENLEAD®: Lead battery recycling process that produces battery grade lead with a clean process
- LithiumFirst™
Products and services
- GREENLEAD® Lead Battery Recycling Process Proprietary 100% electrified hydrometallurgical process for recycling lead-acid batteries into battery-grade lead. Targets lead battery recyclers, OEMs, and auto companies seeking zero-emission recycling solutions compliant with strict EU and US regulations.
- LithiumFirst™ LFP Battery Recycling Process Proprietary hydrometallurgical process for recycling Lithium Iron Phosphate (LFP) batteries and extracting valuable materials including lithium carbonate. Targets battery OEMs, EV manufacturers, and recyclers looking to recover lithium from the fastest-growing EV battery chemistry.
- LithiumFirst™ NMC Battery Recycling Process Proprietary hydrometallurgical process for recycling Nickel Manganese Cobalt (NMC) batteries, producing NMC MHP, NMC oxide, cobalt salts, and nickel salts. Targets battery OEMs, refineries, and EV manufacturers seeking recovery of critical cathode metals.
- Battery Recycling Technology Licensing Licensing of Ace Green's proprietary hydrometallurgical recycling technology, modular plant equipment, and know-how to existing recyclers and partners worldwide. Generates licensing fees and royalties, enabling asset-light global deployment.
Quantifiable outcome
- Zero Scope 1 carbon emissions from all recycling operations
- +2 more outcomes
Companies that use Ace Green Recycling
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles4 records
Ace Green Recycling technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
Ace Green Recycling partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered major, core and minor.
- National Renewable Energy Laboratory (NREL)majorCollaboration with U.S. Department of Energy's NREL on advanced lithium battery recycling research, providing technical validation and R&D capabilities.
- ACME Metal EnterprisecoreTechnology licensing partnership in Taiwan for lead battery recycling. Phase II will reach capacity equivalent to 2 million car batteries per year. Expanded partnership in June 2025.
- Gold Star MetalsmajorMulti-year strategic supply agreement to secure battery recycling feedstock for the flagship Texas facility, announced October 2025.
- OM CommoditiesmajorSupply agreement to supply the flagship Texas battery recycling facility with feedstock materials, announced April 2025.
- SpiromajorStrategic partnership for sustainable battery circularity in Africa, supporting Spiro's battery-swapping network across the continent, announced January 2025.
- ENECellmajorStrategic agreement to advance sustainable battery recycling in Australia, announced June 2025.
- Singapore PolytechnicminorAcademic collaboration for research and development in battery recycling technology.
- IIT KharagpurminorAcademic collaboration with Indian Institute of Technology Kharagpur for research and development.
Scale indicators10 records
Recent moves9 records
Expansion highlights8 records
Ace Green Recycling competitors and assessment
Company assessmentDirect peers
- SungEel HiTech: Korean battery recycler operating hydrometallurgical and pyrometallurgical processes for NMC/LFP. Comparable on technology, Asia-based operations, and B2B sales into Korean battery OEMs.
- Li-Cycle Holdings: Public hydrometallurgical battery recycling company with operations across North America and Europe. Closely comparable to Ace Green Recycling on core technology (hydrometallurgy), target chemistries (NMC, LFP), and B2B offtake model.
- Redwood Materials: US-based battery recycling and cathode-active material producer founded by a former Tesla CTO. Directly comparable on NMC/LFP recycling, OEM partnerships, and hydrometallurgical-plus-pyrometallurgical process strategy.
- Ascend Elements: Hydrometallurgical battery recycler that produces black mass and cathode precursor materials. Comparable on technology platform, NMC/LFP chemistry focus, and B2B sales to battery manufacturers and OEMs.
- Cirba Solutions: North American battery materials and recycling company with processing for multiple chemistries. Directly comparable on B2B recycling services, chemistry breadth, and supply to OEMs and commodity traders.
- Hydrovolt (Norsk Hydro / Northvolt JV): European battery recycling joint venture operating hydrometallurgical facilities in Norway. Comparable on hydromet process, multi-chemistry capability (NMC/LFP), and B2B sales into the European EV supply chain.
- Ecobat: Global leader in lead battery recycling and producer of battery-grade lead. Directly comparable to Ace's GREENLEAD® lead recycling franchise on chemistry focus, B2B sales, and global footprint.
Broad incumbents
- Fortum: European energy company with a battery recycling business line using hydrometallurgical processing. Comparable on recycling technology and B2B sales, but operates as part of a much broader utility portfolio rather than as a pure-play.
- GEM Co. Chinese battery recycling and nickel/cobalt materials company with significant hydrometallurgical operations. Comparable on chemistry breadth and recovered metal output, though operates at much greater scale and as part of a broader materials business.
Emerging players
- Princeton NuEnergy: US-based startup developing direct recycling and hydrometallurgical processes for lithium-ion batteries. Comparable on technology category and target chemistries, but at an earlier commercialization stage than Ace Green Recycling.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Ace Green Recycling social profiles
Digital presenceAce Green Recycling financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ace Green Recycling leadership team
Management profileNumber of profiles
Profiles8 records
Ace Green Recycling funding detail
Funding detailFunding overview
Funding rounds6 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ace Green Recycling M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Ace Green Recycling
What does Ace Green Recycling do?
Ace Green Recycling operates a modular battery recycling technology platform that processes end-of-life lead and lithium batteries (LFP, NMC, LTO) using proprietary 100% electrified, zero Scope 1 carbon emissions hydrometallurgical processes. The company deploys recycling plants directly and licenses its GREENLEAD® and LithiumFirst™ technologies to partners worldwide, recovering battery-grade materials including lead, lithium carbonate, NMC salts, graphite, and metal sulfates.
Is Ace Green Recycling a public or private company?
Ace Green Recycling is a private company. It is classified as venture growth investor backed and is currently operating.
When was Ace Green Recycling founded?
Ace Green Recycling was founded in 2019. It employs 11 to 50 people.
Where is Ace Green Recycling based?
Ace Green Recycling is headquartered in Singapore, Singapore, in the Asia region.
How does Ace Green Recycling make money?
Three revenue lines are on record. Battery Recycling Operations are the primary driver. The others are technology Licensing and equipment Supply.
Who are Ace Green Recycling's main competitors?
Direct peers on record are SungEel HiTech, Li-Cycle Holdings, Redwood Materials, Ascend Elements, Cirba Solutions, Hydrovolt (Norsk Hydro / Northvolt JV) and Ecobat. Broad incumbents are Fortum and GEM Co.. Princeton NuEnergy is listed as an emerging player.
Does Ace Green Recycling have an API?
No public API is recorded for Ace Green Recycling.
What industry is Ace Green Recycling in?
Ace Green Recycling's product category is Battery Recycling Technology. Its primary akta.pro industry code is BPALAIAF, Battery Recycling & Management (Lithium-ion, Lead-acid), with a secondary code of IMAGAHAL, Battery Recycling, Second-Life & Remanufacturing. Its NAICS code is 562920 and its SIC code is 4953.