The company behind a planned battery recycling plant in western Kentucky is receiving another $125 million in funding from the U.S. Department of Energy as a part of a broader federal effort to boost battery production and recycling for electric vehicles (EVs) and the electric grid.
Massachusetts-based Ascend Elements is receiving the federal award for a new battery recycling process at planned facilities in Hopkinsville in partnership with the Mexican company Orbia. The companies plan to extract graphite from the recycled batteries, have it further processed and enhanced at a separate Louisiana facility owned by Orbia and then sell the new battery-grade graphite. The DOE is describing the effort as a “first-of-its-kind recycled graphite production” process.
White House National Climate Advisor Ali Zaidi in a statement Friday about the funding — which awarded more than $3 billion to 25 battery-related projects across the country — said the funding is “helping support the technologies that we need in the market today, the components that we will need in the near future, and the innovative technologies we need to advance our vision for a circular domestic battery supply chain that positions the United States to continue leading the global effort on clean energy.”
This latest funding for graphite recycling in Hopkinsville follows earlier large federal investments in other Ascend Elements manufacturing plants in the Western Kentucky city. Ascend Elements in partnership with South Korea-based SK ecoplant announced last year a planned $65 million lithium-ion battery recycling plant, which would shred and recycle. 24,000 metric tons of EV batteries annually. Ascend Elements had previously stated the construction of that plant should be completed by January 2025.
The Hoptown Chronicle has previously reported the recycled batteries will help supply another planned Ascend Elements plant, dubbed Apex 1, creating cathode active materials that constitute battery cells. The DOE has invested more than $480 million into the Apex 1 projects.
Courtesy : paducahsun.com