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Jigar Shah
Director, Loan Programs Office at U.S. Department of Energy (DOE)
2d • Edited • 2 days ago

Excited to be able to announce this Conditional Commitment in person in Rochester, NY. I was joined by Senator Charles Schumer, Congressman Joe Morelle, Ajay Kochhar and NYSERDA’s Doreen Harris.

Li-Cycle is a real breakthrough in battery recycling. Traditional approaches recycled the nickel and cobalt but wasted the Lithium. This $375m conditional commitment is to finish a hub in Rochester to produce 8,500 tons of Lithium Carbonate once it is fully scaled up. For context, the entire US production today is 5,000 tons. Recycling is a fast way to get critical minerals to market. We also need to scale up mining and processing in the USA.

Today less than 10% of consumer lithium-ion batteries are recycled. We are now ready to process this feedstock. Time to get public and non-profit organizations working together to recycle our batteries!

The President has promised 50% of all car sales in 2030 will be zero-emissions. This is our 5th deal from our ATVM program for critical minerals.
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