Recycling

Recycling

Technology start-ups and incumbents are racing to make recycling electric-vehicle batteries cleaner and more economical, with investors pouring billions of dollars into recycling facilities globally

Company

Investments Planned (in $Millions)

Remarks

Redwood Materials raises over $1 billion to focus on collection of end-of-life batteries, increasing refining capability. Redwood receives conditional commitment for $2B Department of Energy loan for battery materials with recycled content

Ascend Elements (previously Battery Resourcers) raises $542 million to build North America’s first cathode precursor (pCAM) facility, utilizing recycled material, on a 140-acre site in Hopkinsville, Kentucky

Li-Cycle receives conditional commitment for $375 million loan from the U.S. Department of Energy ATVM Program

Cirba Solutions & U.S. Department of Energy to expand Lithium-Ion Battery recycling operations in Ohio. The more than $200 million expansion is aided in part by an over $82 million Department of Energy (DOE) grant

Aqua Metals and Yulho (a South Korean storage solution and battery materials company) form a strategic partnership. Yulho invests $5 million in Aqua Metals, and Aqua Metals grants Yulho a license to deploy Aqua Metals’ AquaRefining technology in Asia and Europe

ABTC receives $10 million DOE grant for the development of new lithium-ion battery recycling technologies. ABTC also secured up to $50 million investment to support commercial-scale battery material construction projects including Lithium-Ion battery recycling

Source: Li-Cycle Investor Presentation November 2023

Extracted from the PDF; charts and images may read imperfectly.