Cirba Solutions receives $75M in grant funding from US Department of Energy
Cirba Solutions has received $75M in grant funding from the US Department of Energy (DOE) as a part of the Biden Administration’s bipartisan infrastructure law. The funds will used be to expand critical mineral upgrading assets at Cirba Solution’s lithium-ion processing facility in Lancaster, Ohio, to which the company has committed to invest $200M
In September, Cirba Solutions also announced plans for its Heritage Battery Recycling affiliate to construct a lithium-ion battery processing facility in Eloy, Arizona, which is expected to manufacture enough battery material to power 50,000 EVs annually. In October, the expansion of the Lancaster, Ohio facility was announced, followed by a $75 million grant from the Bipartisan Infrastructure Law’s Battery Materials Processing and Battery Manufacturing provision by the Department of Energy to increase lithium-ion battery recycling in the United States. With six operational facilities currently, one to open in 2023 and expected to grow to an estimated 13 facilities before 2030, Cirba Solutions is committed to enhancing the circular battery supply chain.
Updated: 9th of November Cirba Solutions announced that they had received an additional $7.4M from DOE taking the total grant to $82.4M.