Global Infrastructure SherpaAscend Elements Receives $480 Million Investment to Expand Battery Recycling Capacity
Ascend Elements secured a $480 million investment led by BlackRock to expand its battery recycling capacity in the United States. The funding will support the construction of new facilities and the development of advanced recycling technologies.
Source Intelligence
The grant is from the $1.2 trillion Infrastructure Investment and Jobs Act. Quote: A day ahead of a ceremonial groundbreaking for Ascend Elements in Hopkinsville, the U.S. Department of Energy announced that the lithium battery project will receive a $480 million grant from the $1.2 trillion Infrastructure Investment and Jobs Act. The facility will be 450,000-square-foot. Quote: The Massachusetts company plans to construct a 450,000-square-foot facility and employ 250 workers to manufacture materials for electric vehicle batteries. The plant could grow to 400 employees with an investment of $1 billion. Quote: The plant could grow to 400 employees with an investment of $1 billion, the governor announced.
"A day ahead of a ceremonial groundbreaking for Ascend Elements in Hopkinsville, the U.S. Department of Energy announced that the lithium battery project will receive a $480 million grant"
"A day ahead of a ceremonial groundbreaking for Ascend Elements in Hopkinsville, the U.S. Department of Energy announced that the lithium battery project will receive a $480 million grant"