Energy Storage News•3 months ago
US battery recycling in doldrums: updates from Redwood Materials, Ascend Elements
- •Two prominent US battery recycling companies, Redwood Materials and Ascend Elements, are experiencing significant difficulties, with Redwood laying off 135 employees and Ascend filing for Chapter 11 bankruptcy.
- •This situation signals potential instability and supply chain risks for domestically sourced battery materials, which could impact the long-term cost and material availability for battery storage projects.
- •The struggles highlight the nascent and volatile nature of the US battery recycling market, suggesting that a robust circular economy for batteries is still far from established, affecting developers and large consumers relying on sustainable battery solutions.
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