Deals Counterparts

Ascend Elements to Supply Recycled Battery Materials to SK On

Supply Agreement Battery Recycling announced Commerce, Covington, United States Oct 10, 2025
30000 metric tons per year
Capacity
operating
Stage

Ascend Elements will supply recycled battery materials to SK On, a leading global battery manufacturer. The multi-year agreement will help SK On meet its sustainability goals and support the growing demand for electric vehicle batteries.

Source Intelligence

KEY DETAILS

Ascend Elements raised $90M in 2021 to expand its battery recycling and cathode manufacturing operations, and recently shared plans to open the Covington, Ga., recycling Base facility, which will be North America’s largest battery recycling facility with 30,000 metric tons per year capacity when fully operational later this year. SK Battery America invested a total of US$ 2.9 billion to build its EV battery plants in Commerce, Ga.

Capacity
North America’s largest battery recycling facility with 30,000 metric tons per year capacity when fully operational later this year
Location
the company’s manufacturing facility in Commerce, Ga. The scrap material will be recycled at Ascend Elements’ new 154,000-square-foot battery recycling facility in Covington, Ga.
Announcement
WESTBOROUGH, Mass. (March 9, 2022)
PARTIES MENTIONED IN SOURCE
A
Ascend Elements recycler

"Ascend Elements , the vertically integrated lithium-ion battery recycling and engineered-materials company previously known as Battery Resourcers, today announced it has been selected by SK Battery America (SKBA) to recycle both cell and module lithium-ion battery manufacturing scrap from the company’s manufacturing facility in Commerce, Ga."

S
SK Battery America seller

"Ascend Elements , the vertically integrated lithium-ion battery recycling and engineered-materials company previously known as Battery Resourcers, today announced it has been selected by SK Battery America (SKBA) to recycle both cell and module lithium-ion battery manufacturing scrap from the company’s manufacturing facility in Commerce, Ga."

high quality Enriched Feb 19, 2026

Timeline

Announced
Oct 10, 2025
Signed
Closed

Market Context

This deal is part of the Battery Recycling sector in United States.
2
Battery Recycling deals
565
deals in United States
1 of 2 Battery Recycling deals tracked this month · Updated daily

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