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Ascend Elements ships recycled cathode materials to Freudenberg e-Power Systems in heavy-duty EV batteries
Waste Recovery & Management Tech
Jun 19, 2024
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Waste Recovery & Management Tech

Waste Recovery & Management Tech

Jun 19, 2024

Ascend Elements ships recycled cathode materials to Freudenberg e-Power Systems in heavy-duty EV batteries

Partnerships

  • Ascend Elements, a cathode material-recycling company, has recently supplied decarbonized cathode materials to Freudenberg e-Power Systems, a supplier of emissions-neutral energy solutions, for heavy-duty battery applications.

  • With materials drawn from recycled lithium-ion batteries and manufacturing scrap, this shipment is among the first of its kind made in North America on such a commercial scale. The cathode material was made using Ascend Elements' Hydro-to-Cathode direct precursor synthesis technique. The company also announced that by 2030, it aims to reduce the carbon footprint of its decarbonized cathode products by 90%.

  • Analyst QuickTake: The overseas shipment is in addition to an existing agreement where the company will supply nearly USD 1 billion worth of sustainable cathode precursor (pCAM) to a US battery manufacturer from Q4 2024 over a multi-year period. In February 2024 , the company also secured USD 162 million to accelerate the construction of its Apex 1 manufacturing facility for pCAM and CAM.

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