Ascend Components has begun building of its largest electrical automobile battery recycling and engineered supplies manufacturing facility. The ability will assist meet North America’s rising demand for lithium-ion battery supplies, particularly engineered precursor (pCAM) and battery-ready cathode energetic supplies (CAM). When completed, the Apex 1 facility will produce sufficient pCAM and CAM to equip 250,000 EVs per yr.
The US Division of Vitality (DOE) lately awarded two grants totalling $480 million to Ascend Components to help building of the Apex facility. (Earlier put up.)
Ascend Components plans to take a position near $1 billion within the 140-acre campus and 500,000-square-foot manufacturing facility. (Earlier put up.) The primary-of-its-kind facility can be residence to the corporate’s Hydro-to-Cathode direct precursor synthesis course of know-how. This closed-loop system generates minimal waste and carbon emissions in comparison with conventional cathode manufacturing.
Ascend Components’ Hydro-to-Cathode direct precursor synthesis course of leaches out impurities, preserving the precious metals in resolution and eliminating a number of steps within the recycling circulation.
With potential growth phases, the ability will make use of as much as 400 individuals and generate as much as $4.4 billion in financial affect to Kentucky over the development interval and first 10 years.