| JLR invests into Ascend Elements in $300MĪs per a WSJ report, car maker Jaguar Land Rover and South Korean conglomerate SK Group are investing $300 million in battery start-up Ascend Elements. | Ascend Elements invests into assets : facility in the amount of $43M in Covington, Georgia, United StatesĪscend Elements, a vertically integrated battery recycling and engineered materials company, is investing $43 million into its new Covington, Georgia facility, strategically located near several electric vehicle (EV) manufacturing hubs and lithium-ion battery producers. | Ascend Elements invests into assets : manufacturing hubs in the amount of $43M in Covington, Georgia, United StatesĪscend Elements, a vertically integrated battery recycling and engineered materials company, is investing $43 million into its new Covington, Georgia facility, strategically located near several electric vehicle (EV) manufacturing hubs and lithium-ion battery producers. | Ascend Elements receives financing of $316Mīattery recycler Ascend Elements will receive $316 million, the largest single award the administration announced, to support efforts to develop US production capacity of precursor cathode materials for batteries using both recycled cathode materials from spent lithium-ion batteries and metal salts. | Ascend Elements invests into assets : 140-acre campus and 500,000-square-foot manufacturing facility in the amount of $1BĪscend Elements plans to invest close to $1 billion in the 140-acre campus and 500,000-square-foot manufacturing facility. | Ascend Elements increased headcount by 150 on Aug 1st 22'.Īscend announced it would open its first commercial-scale battery recycling plant in Covington, which was set to create 150 jobs by August 2022 and reach an investment of $43 million. | Ascend Elements received financing of $200M in equity and debt financing on Oct 26th 22'.Īscend Elements, a U.S.-based engineered materials and lithium-ion battery recycling company, today announced it has secured $300 million in equity and debt financing, including $200 million in Series C equity investments from an international group of strategic and financial investors. | Ascend Elements invests into assets : 78 acresĪscend is purchasing an additional 78 acres for the site it will call Apex 1, said industrial foundation board chairman John Crenshaw. | Ascend Elements expands facilities to Kentucky, United StatesĪscend Elements said it would build a $1 Billion lithium-ion battery materials facility in KY. “We are able to reduce that carbon footprint 90% to 93% by just recycling these batteries and producing new cathode material.Ascend Elements launched proprietary process technology on Dec 6th 22'.Īscend Elements and Koura launched a proprietary process technology earlier this year that yields battery-grade graphite material from spent lithium-ion batteries. Therefore, we’re offsetting the amount of mining that’s needed,” O’Kronley said. “We’re effectively urban mining, bringing that material in and transforming it into very usable material for the battery manufacturers. Ascend can then sell those materials directly to manufacturers,” said Diana Olick, CNBC’s climate tech correspondent. “Massachusetts-based Ascend Elements, has developed a process to capture battery metals and formulate them into new battery materials, rather than just recycle whole components as competitors do. The series introduces viewers to startups and investors working to fight climate change. Ascend Elements CEO Mike O’Kronley was featured on CNBC‘s new climate technology series, “Clean Start,” on April 11, 2022.
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