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Ascend Elements Receives $460 Million Investment from Decarbonization Partners, Advancing Sustainable Battery Materials for EVs

ESGAscend Elements Receives $460 Million Investment from Decarbonization Partners, Advancing Sustainable Battery Materials for EVs

Decarbonization Partners, a climate tech investment firm formed as a partnership between BlackRock and Temasek, has co-led a $460 million growth equity investment in Ascend Elements. Ascend Elements is a U.S.-based manufacturer of sustainable battery materials for electric vehicles (EVs). The investment will support the construction of Ascend Elements’ first commercial-scale facility in Kentucky, which will produce cathode precursor and cathode active materials for EVs. The company’s technology aims to reduce the environmental impact of battery production by incorporating recycled materials.

Ascend Elements’ mission to produce sustainable lithium-ion battery materials aligns with the goal of decarbonizing the transportation sector, and this investment underscores the growing significance of climate tech investment in addressing the climate crisis.

By FCCT Editorial Team

Disclaimer: The views expressed in this article are independent views solely of the author(s) expressed in their private capacity.

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