Massachusetts-based Ascend Elements, Inc. produces sustainable battery materials from recycled lithium-ion batteries. A 450,000 square foot facility will be constructed in Hopkinsville's Commerce Park II, and it expects to be in operation in 2024.
It's said to be the largest private sector investment ever brought to Christian County. Company officials said the project is planned as Phase 1, with potential to increase to a $1 billion investment and an eventual total of 400 full-time jobs, which would be Ascend's largest U.S. operation.
Company leaders expect the plant to create a $4.4 billion economic impact to Kentucky across construction and its first 10 years of operation.
The governor's office added that since June 2020, the commonwealth has seen over $8.5 billion in EV-related investments, with more than 8,000 full-time jobs announced.
On the Net:
Press release from Ascend and Kentucky.gov
