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02 Aug
12:49

Ascend Elements to invest $1 billion in Kentucky lithium-ion battery plant

Massachusetts-based Ascend Elements says it will invest $1 billion to develop and expand a sustainable lithium-ion battery materials facility in southwestern Kentucky, Kallanish reports. Groundbreaking for the plant in Hopkinsville, Kentucky, is expected in fourth quarter 2022 as the company invests about $310 million in Phase 1 of the project. The Kentucky facility, known as Apex 1, will house the company’s Hydro to Cathode direct precursor synthetic proce…
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