The U.S. Department of Energy (DOE) has announced 21 projects to expand domestic production of batteries for electric vehicles (EVs) and power grids, totaling $2.8 billion for materials and components currently imported from other countries. awarding. (Previous post.) Of that, $75,000 will be donated to his one project in the recycling segment of Supply his chain.
Cirba Solutions (formerly Retriev Solutions, LLC) will receive $74,999,925 to help expand and upgrade Cirba Solutions’ existing lithium-ion recycling facility in Lancaster, Ohio.
Cirba Solutions collects, disassembles, shreds and upgrades the vital minerals present from tens of thousands of tons of lithium-ion batteries so that the materials can be reused to manufacture new lithium-ion batteries.
At full capacity, the Lancaster facility will be one of the largest commercial-scale recycling facilities in North America, producing enough battery-grade critical minerals to power more than 200,000 new electric vehicles (EVs) annually To do.
Prior to receiving this federal funding, Cirba Solutions announced a commitment to invest more than $200 million to expand its Lancaster, Ohio facility.
In September 2022, Cirba Solutions announced plans to build a 75,000 square foot facility in Eloy, Arizona to recycle lithium-ion batteries. Eloy’s facility is expected to process enough battery material to power 50,000 EVs annually. The company aims to increase its lithium-ion battery processing capacity by about 600% over the next few years and open several new processing facilities across North America. The company currently has six active facilities that process all battery chemistries.
The ability to recycle lithium-ion batteries is essential for the US to develop a sustainable domestic supply chain for the EV market.