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. 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. Various metal-sulfates, synthesized by the Redwood team, were used by the Argonne team to synthesize NMC-811 cathode, via co-precipitation of metal-hydroxides from the precursors, in continuous stirred tank reactors a method that is reflective of current state-of-the-art industrial production. 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. 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.Īscend Elements recently signed a multi-year contract to supply approximately $1 billion worth of sustainable pCAM for use in a major U.S.
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