DOE Announces $445 Million Loan to Li-Cycle to Recover Critical Electric Vehicle Battery Materials

URLhttps://www.energy.gov/lpo/articles/doe-announces-
Sourceenergy.gov
Date Published11/07/2024

Additional Reshoring Information:

Company/Division name Li-Cycle Incorporated
Parent companyLi-Cycle Holdings Corp
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):200
Year reshoring announced:2024
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) reshoredbattery recycling
What non-domestic negative factors made offshoring less attractive?Supply chain interruption
What domestic positive factors made reshoring more attractive?Eco-system synergies, Government Incentives, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market, Raw Materials Cost
Government Incentive dollar amount:475,000,000
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