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Li Industries, Inc. Selected for $55 Million Award to Advance Closed-Loop Lithium Iron Phosphate Recycling and Manufacturing

Sep 23, 2024•over 1 year ago

Contract Type

partnership

BlacksburgManufacturingRenewable Energy

Description

Li Industries, Inc. has been selected for a $55 million award from the U.S. Department of Energy to drive advancements in lithium iron phosphate (LFP) cathode active material (CAM) direct recycling and production. This grant supports the establishment of a 10,000 tonne per annum LFP CAM recycling and manufacturing plant, representing a significant milestone for the domestic and sustainable battery supply chain, and strengthening U.S

Company Information

Company

Li Industries

Location

Blacksburg, Virginia, United States

About

Li Industries is an innovative and fast-growing climate tech company developing next-generation lithium-ion battery recycling technologies. Founded in 2017 and headquartered in Pineville, NC, Li Industries has developed scalable direct recycling technologies for lithium-ion batteries from electric vehicles and consumer electronics. Li Industries' unique and patented direct recycling process can recycle all types of lithium-ion batteries and generate high purity commercial-grade battery materials faster, cheaper, and cleaner, enabling effective and sustainable recycling.

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Partnership agreements typically involve technology integration and joint go-to-market strategies
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