The evolution of Burlington’s Blue Sky Center corporate campus continues with the approval of a new headquarters and research facility for a fast-growing clean energy startup.
Beverly-based Nth Cycle develops technology that recycles electronic components including old cell phones using electricity, rather than greenhouse gas-emitting furnaces. The firm, which opened a 12,000-square-foot headquarters in Beverly in 2021, will occupy a new 46,000-square-foot research and development facility at 15 Blue Sky Drive.
The facility will include 27,768 square feet of office space and over 16,000 square feet of lab space. The Burlington Planning Board approved a site plan for the project May 4.
Nth Cycle will relocate from 100 Cummings Center in Beverly and occupy the office space in June, Vice President of Engineering Chris Thoren told the board. The lab facility will be built out by January 2024 as the company expands its workforce, Thoren said.
“Growing from 30 people to 80 in one year is no small feat, and having this location is incredibly desirable,” he said.
Nth Cycle was awarded $12.5 million in series A financing in February 2022 that included investment from MassMutual’s MM Catalyst Fund.
In December, Nth Cycle received a $2.15 million grant in December from the U.S. Department of Energy in December under the Infrastructure Investment and Jobs Act.
Burlington-based developer Nordblom Co. renamed the 158-acre campus, previously known as Network Drive at Northwest Park, as Blue Sky Center in 2022 to reflect a growing life science industry presence. The Cambridge-based Broad Institute will open a new 146,000-square-foot genetic sequencing research facility in 2024, next to a 125,000-square-foot cell therapy manufacturing headquarters leased to Vericel Corp. also scheduled to open in 2024.