This is the first commercial sale of cathode active materials made with Ascend Elements’ patented Hydro-to-Cathode™ technology. According to the contract, U.S.-based Ascend Elements will deliver cathode active material made from recycled batteries and scrap to Navitas Systems in April 2022 for use in a DoD project. ![]() leader in comprehensive energy storage solutions and a U.S. (January 31, 2022) - Ascend Elements, the vertically integrated lithium-ion battery recycling and engineered-materials company previously known as Battery Resourcers, today announced it has entered into a contract with Navitas Systems, a U.S. With fewer batteries going to landfill and a cleaner manufacturing process, Ascend Elements is taking the lithium-ion battery industry to a higher level of sustainability.WESTBOROUGH, Mass. Its Hydro-to-Cathode® direct precursor synthesis technology produces new pCAM and CAM from spent lithium-ion cells more efficiently than traditional methods, resulting in improved economics and lowered GHG emissions. From EV battery recycling to commercial-scale production of lithium-ion battery pCAM and CAM, Ascend Elements is revolutionizing the production of sustainable lithium-ion battery materials. Several peer-reviewed studies have shown Ascend Elements' recycled battery materials perform as well as similar materials made from virgin (or mined) sources while reducing carbon emissions associated with mining.īased in Westborough, Mass., Ascend Elements is the leading provider of sustainable, closed-loop battery material solutions. The closed-loop process eliminates several intermediary steps in the traditional cathode manufacturing process and provides significant economic and carbon-reduction benefits. Overall, the company plans to invest more than $1 billion in the facility.Īscend Elements uses a patented process known as Hydro-to-Cathode® direct precursor synthesis to manufacture NMC pCAM and cathode active material (CAM) recovered from used lithium-ion batteries and battery gigafactory manufacturing scrap. Department of Energy awarded two matching grants totaling $480 million to Ascend Elements to help accelerate construction of the southwest Kentucky facility. ![]() The Ascend Elements facility in Hopkinsville, Kentucky will be a one-of-a-kind, sustainable cathode manufacturing facility with capacity to produce NMC pCAM for up to 750,000 electric vehicles per year. In fact, we need to manufacture our own battery materials to secure the supply chain in North America, reduce carbon emissions and ensure our energy independence." "There is no reason we can't manufacture critical battery materials like this in the United States. "Nearly 100% of the world's pCAM is produced in Asia," said Mike O'Kronley, CEO of Ascend Elements. The deal signals a shift in worldwide battery material supply chains as Ascend Elements builds one of North America's first commercial-scale NMC pCAM manufacturing facilities in southwest Kentucky. Under the terms of the agreement, the customer has the option to expand the contract to a larger quantity with a value of up to $5 billion. company's battery manufacturing process, beginning in Q4 2024. customer.Īscend Elements recently signed a multi-year contract to supply approximately $1 billion worth of sustainable pCAM for use in a major U.S. WESTBOROUGH, Mass., J/PRNewswire/ - Using an innovative battery recycling process and a patented cathode engineering technology, Ascend Elements is about to become the top domestic supplier of sustainable, engineered battery materials – specifically high-nickel, NMC cathode precursor (pCAM) – to North America's fast-growing lithium-ion battery industry.Īscend Elements recently signed a multi-year contract to supply up to $5 billion of sustainable pCAM to a U.S. ![]() In a deal valued at up to $5 billion, Ascend Elements will supply sustainable cathode precursor (pCAM) to a U.S.
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