Ascend signs contract to supply $1B of material to major US battery manufacturer

URLhttps://www.recyclingtoday.com/news/ascend-element
Sourcerecycling today
Date Published06/15/2023
Author NameMegan Smalley

Additional Reshoring Information:

Company/Division name Ascend Elements
Parent companyAscend Elements
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2023
Capital investment ($):1000
City reshored to:Hopkinsville
State(s) reshored to:KY
If relevant, work nearshored to:-
Industry(ies):Electrical Equipment, Appliances & Components
Product(s) reshoredHydro-to-Cathode to produce NMC pCAM
What non-domestic negative factors made offshoring less attractive?Green considerations, Supply chain interruption
What domestic positive factors made reshoring more attractive?Government Incentives, grants totaling $480 million
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