Charged EVs | Ascend Components to speculate a billion in Kentucky battery supplies facility

Ascend Components , a vertically built-in battery recycling and engineered supplies firm, has introduced plans to speculate $310 million within the first section, and as much as $1 billion complete, to construct a battery supplies facility on the Commerce Industrial Park II in Hopkinsville, Kentucky.

The brand new manufacturing facility, Apex 1, will probably be house to the corporate’s proprietary Hydro-to-Cathode direct precursor synthesis course of know-how. Ascend says it’s going to soak up feedstock (black mass) from recycled EV batteries, and produce sufficient precursor and cathode energetic materials to equip as much as 250,000 EVs per yr. The five hundred,000-square-foot Apex 1 plant will function onsite chemical recycling capabilities and a wastewater remedy plant. Groundbreaking is predicted in This autumn 2022, and operations are to start in late 2023.

“Clear power and local weather know-how industries are bringing good jobs to communities throughout the nation, and we couldn’t be happier with our choice to find Apex 1 in southwest Kentucky,” mentioned Michael O’Kronley, CEO of Ascend Components. “We’re constructing one thing in Kentucky that doesn’t exist anyplace in the USA—a home supply of sustainable lithium-ion cathode materials for EV batteries.”

O’Kronley mentioned the corporate checked out greater than 50 areas for the ability. The Hopkinsville web site presents easy accessibility to transportation, clear renewable energy, and proximity to EV producers and lithium-ion battery factories within the southeast US. The Ascend Components Base 1 battery recycling facility in Covington, Georgia will probably be a key supply of recycled battery feedstock (black mass) for the Apex 1 facility.

Supply: Ascend Components