DOE Grants $375M Loan for Lithium Battery Recycling Plant

URLhttps://www.manufacturing.net/energy/news/22737872
SourceManufacturing.net
Date Published03/01/2023
Author NameIsabella O'Malley
Mentions specific company case(s) of reshoring, kept from offshoring, or transplantYes

Additional Reshoring Information:

Company/Division name Li-Cycle Corp.
Parent companyLi-Cycle Holdings Corp
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Year reshoring announced:2023
Capital investment ($):375
Country(ies) from which reshored:Canada
City reshored to:Rochester
State(s) reshored to:NY
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredlithium batteries
What domestic positive factors made reshoring more attractive?Government Incentives
Government Incentive dollar amount:375 DOE
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