New lithium battery plants for electric vehicles planned for New York, Arizona – By Associated Press (AZ Central) / Mar 1, 2023
The effort to satisfy a vast demand for lithium for electric vehicle batteries moved one step forward with a $375 million loan from the Department of Energy to Li-Cycle, a battery recycling company, to build a lithium-ion battery recovery plant near Rochester, New York.
Monday’s announcement is the third in the U.S. recently. Last Tuesday the large recycling firm Ecobat said it will build its first battery recycling plant in Casa Grande, Arizona.
Earlier this month, the DOE Loan Programs Office also announced a conditional $2 billion loan to Redwood Materials to build a battery recycling facility outside Reno, Nevada. It will also make new EV battery cells out of recovered copper foil and other electrochemical materials.
