Ascend Elements has achieved significant milestones including signing commercial contracts, starting construction of manufacturing facilities, and securing U.S. Department of Energy grants. They have signed a $1 billion contract to supply sustainable pCAM starting in Q4 2024 and have begun construction of their Apex 1 facility in Kentucky.
Organizations Involved
Decarbonization Partners, Temasek, Qatar Investment Authority, U.S. Department of Energy
Founders
Mike O’Kronley
Company Description
Ascend Elements is a U.S.-based manufacturer of sustainable, engineered battery materials for electric vehicles. They are focused on producing sustainable lithium-ion battery materials to power EV batteries and accelerate the global transition to zero carbon emissions. Ascend Elements is investing in North America's critical EV battery infrastructure and bringing manufacturing jobs back to the United States.