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Mike O'Kronley - 2 Marc Trent - 1 Charles Trent - 1 Nick Carey POOLE - 1 Thomas Becker - 1 Louie Diaz - 1 Diaz - 1 JB Straubel - 1
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☆ Ascend Elements CEO: You need 'new innovation' to compete with China
  + stars: | 2024-04-16 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailYou need to bring 'new innovation' to compete with China: U.S.-based battery materials manufacturerMike O'Kronley, CEO of Ascend Elements, says China is "very efficient," and "in order to effectively compete with China and the entire battery ecosystem that exists in China, you really need to bring new innovation."
Persons: Mike O'Kronley Locations: China, U.S
☆ Dead EV batteries turn to gold with U.S. incentives
  + stars: | 2023-07-21 | by ( Nick Carey Paul Lienert Victoria Waldersee | Nick Carey | Paul Lienert | ) www.reuters.com   time to read: +8 min
The IRA includes a clause that automatically qualifies EV battery materials recycled in the U.S. as American-made for subsidies, regardless of their origin. That is important because it qualifies automakers using U.S.-recycled battery materials for EV production incentives. China handles virtually all EV battery recycling in a global market projected to grow from $11 billion in 2022 to $18 billion by 2028, according to research firm EMR. The volume of EV batteries available for recycling should grow over tenfold by 2030, said consultant Circular Energy Storage. In Europe, EV batteries are currently shredded into "black mass" that is shipped to China for recycling.
Persons: Marc Trent, Charles Trent, Nick Carey POOLE, Thomas Becker, Louie Diaz, Diaz, JB Straubel, Mike O'Kronley, Christian Marston, deconstruct, Bruno Thompson, Thea Soule, Soule, Kurt Vandeputte, Becker, We've, Nick Carey, Paul Lienert, Ben Klayman, Claudia Parsons Organizations: Charles Trent Ltd, REUTERS, Reuters, BMW, Redwood Materials, European Union, EV, Energy Department, Altilium Metals, recyclers, U.S, CES, Cambridge, Battery Recycling Company, EU, Nissan, Nio, Victoria Waldersee, Thomson Locations: Poole , Britain, England, U.S, North America, China, New York, Nevada, America, Georgia, Kentucky, EVs, Bulgaria, Europe, Poole, Dallas , Texas, Japan, HK, Poole , England, Detroit, Berlin
☆ Battery-recycling startup Ascend Elements just pulled in $800 million in funding. Here's why investors are betting on it to beat out rivals like Redwood Materials.
  + stars: | 2022-10-26 | by ( Alexa St. John | ) www.businessinsider.com   time to read: +4 min
Ascend Elements wants to lead in the crucial EV-battery-recycling space. The burgeoning battery-recycling startup Ascend Elements is sitting on a fresh $800 million — and its CEO plans to spend it on beating out rivals like Redwood Materials. Redwood Materials, arguably the most-known player in the industry, saw a whopping $700 million Series C last year. Correction: October 26, 2022 — An earlier version of this story misstated the breakdown of Ascend Element's funding. The $50 million strategic investment from SK is part of the $200 million in equity funding, not in addition to it.
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