Advanced to the next stage of the Department of Energy’s program. Our process produces battery-grade cathode and anode-active materials from production scrap.
UConn, R/GA Ventures, and CTNext announced the launch of the Future Climate Venture Studio, selecting Cool Amps and five other companies.
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How to Read the Loss Curve
This explains each axis and curve + why the tail matters.
Each Axis
X-axis (Loss severity, $M): size of a loss if something goes wrong. Examples: fire from hazardous scrap, spill and cleanup, regulatory action, business interruption.
Y-axis (Probability density): likelihood of each loss size.
Each Curve
Gold curve (Baseline): current risk profile.
Blue dashed curve (With Cool Amps): risk after scrap is neutralized and processed at the point of generation.
Red area: actuarial risk that disappears. Losses that were plausible become much less likely.
Before Cool Amps
Wide uncertainty. The plant can have small events or very large events.
Flattened, long right tail = Probability is spread into high-loss outcomes.
After Cool Amps
Catastrophic outcomes are far less likely. The tail is thinner.
Small or negligible losses dominate. The curve is taller and narrower at lower severities.