Lavanya Balakrishnan joins American Battery Technology board

RENO - American Battery Technology Company (NASDAQ:ABAT), which has seen its stock surge 146% over the past six months according to InvestingPro data, announced Friday the appointment of energy sector financial executive Lavanya Balakrishnan to its Board of Directors, effective September 16, 2025.

Balakrishnan, who currently serves as Vice President of Credit at Constellation Energy, brings over 20 years of experience in the energy sector with expertise in corporate finance, strategic advisory, mergers and acquisitions, and credit risk management.

Prior to her role at Constellation, Balakrishnan spent 17 years at Morgan Stanley as Managing Director in the Global Power, Utilities, and Renewables Group, where she advised power and utility companies and renewable energy developers on strategic matters.

"Lavanya’s outstanding expertise within the power generation and energy sectors make her an ideal addition to our Board," said Ryan Melsert, CEO and Director of American Battery Technology Company, in a press release statement.

The appointment comes as Sherif Marakby, who joined the board in March 2022, will step down effective September 15, 2025, as part of the company’s succession plan for independent directors.

American Battery Technology Company, headquartered in Reno, Nevada, develops technologies for manufacturing and recycling battery metals for the electric vehicle, stationary storage, and consumer electronics industries. With a market capitalization of $232 million, the company maintains a strong liquidity position with a current ratio of 2.19, though InvestingPro analysis indicates current trading levels are near Fair Value.

Balakrishnan holds a Bachelor of Arts in Economics from Smith College and a Master of Business Administration from Harvard Business School. The company is scheduled to report its next earnings on September 25, 2025, with analysts tracking additional metrics available on InvestingPro, including 8 more key insights about ABAT’s financial health and market position.

In other recent news, American Battery Technology Company has been awarded a $1 million grant from the U.S. Department of Energy’s Argonne National Laboratory. This grant aims to advance the company’s lithium hydroxide manufacturing technology. The company will collaborate with Argonne to test its electrochemical lithium processing system using advanced technology, including the Advanced Photon Source particle accelerator and the Aurora Exascale Supercomputer. This development is expected to help reduce chemical agent consumption and operational costs compared to traditional methods.

Additionally, American Battery Technology Company announced changes to its board of directors. Sherif Marakby has resigned from all positions, effective September 15, as part of the board’s succession plan for independent directors. The company emphasized that his departure is not due to any disagreements regarding operations or policies.

Furthermore, American Battery Technology Company terminated a $6.75 million property sale agreement for its Lyon County, Nevada site. The termination occurred before the buyer’s due diligence period closed, and the company reported no material early termination penalties. These recent developments highlight significant changes and advancements within the company.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.