Cool Amps
Innovating to Power an Independent and Sustainable Energy Future
Cool Amps is a company in manufacturing energy based in New Haven Ct, founded in 2021.
Profile
The US is facing a frightening shortfall in the critical minerals needed for energy storage & batteries to enable the shift to electrification. There are limitations in our ability to mine these locally; however we can find these critical minerals in post-manufacturing, off spec batteries, as well as in growing reserves of post-use, spent batteries from EV’s and other uses. But current approaches to battery recycling face a number of challenges, including complexity, cost, and energy usage to carry out reverse logistics and centralize the supply of spent materials, as well as energy intensity of the recycling processes themselves, which use high temperatures (pyrometallurgy) or toxic chemicals (hydrometallurgy) in order to separate the key ingredients within a battery back to their fundamental metal or metal salt forms, only to then utilize further energy to re-create usable cathode-active-materials. These factors combine to mean that battery recycling processes to date have struggled to chart a path to profitability, as battery acquisition & transport represent 30% of recycling costs. All of this means that we currently have sorely inadequate recovery of e-waste, with only 17% of
Cool Amps is positioned in manufacturing energy, a segment that rewards a clear, focused offering.
Its base of operations is New Haven Ct.
Directory data places it at the SOSV portfolio company stage.
Recorded headcount: 2-10 employees.
It has disclosed roughly $65K in funding.
| Sector | Manufacturing Energy |
|---|---|
| Country | New Haven Ct |
| Founded | 2021 |
| Employees | 2-10 |
| Stage | SOSV portfolio company |
| Total funding | $650,000 |
Website: www.coolamps.tech
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