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Latest Ascend Elements News & Updates

See the latest news and media coverage for Ascend Elements. We track all announcements, press releases, and industry mentions in real time, all in one place.

Company icon
Ascend Elements

Sustainable battery materials manufacturer and recycler

ascendelements.com
Headquarters
Westborough, United States
Founded year
2015
Company type
Private company
Number of employees
110–200
Industry
Specialty Mining & Metals

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Latest news about Ascend Elements

In short: Ascend Elements filed for Chapter 11 bankruptcy amid EV slowdown and mounting debt

Company announcements

Ascend Elements

Ascend Elements appoints Linh Austin as CEO

He brings more than 30 years of energy industry leadership and will focus on scaling commercial production of domestic battery materials, including the Apex 1 pCAM plant.

Ascend Elements

Ascend Elements raises $162 million

The funding advances construction of Apex 1 in Hopkinsville, Kentucky, to produce pCAM and CAM for up to 750,000 EVs annually and brings 12-month funding to $704 million.

Ascend Elements

Ascend Elements raises $542 million

Funds will finance the U.S.'s first commercial pCAM and CAM facility in Kentucky, paired with $480 million in DOE grants and a $1 billion supply agreement starting Q4 2024.

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Media coverage

Wiley

Ascend Elements files for bankruptcy

Ascend on Thursday had approximately $103.5 million in funded debt, $40 million in unsecured debt, and $145 million in lien claims.

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