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Cirba Solutions to Spend $300 Million on New Battery Recycling Plant
Cirba Solutions is preparing to spend $300 million on a new facility focused on end-of-life batteries to extract critical materials.
March 23, 2023
1 Min Read
Cirba Solutions is preparing to open a new facility in Columbia, S.C., which will be a recycling plant for end-of-life hybrid and electric batteries, gigafactory scrap, and end-of-life consumer batteries to extract critical materials such as nickel, cobalt, and lithium.
Recently, Cirba Solutions raised $50 million in investment capital and secured a federal grant for $75 million last year. The company says it will spend “more than $300 million” on the new facility.
“The State of South Carolina and Richland County have been tremendous partners in supporting Cirba Solutions’ strategy to build a sustainable battery materials supply chain,” said Cirba Solutions CEO David Klanecy. “We are proud to bring this battery materials mega-site to Richland County, which will create generational jobs in the state and support an amazing community. Additionally, it shows our commitment to provide sustainability sourced and domestic battery-grade raw materials for cathode production in North America.”
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