Princeton NuEnergy Breaks Ground on Game-Changing Facility

Princeton NuEnergy (PNE) recently broke ground on its commercial-scale lithium-ion battery direct recycling facility in South Carolina, marking a significant milestone in the nation’s circular battery economy. The new facility will produce over 10,000 tons per annum (tpa) of battery-grade cathode material, equivalent to manufacturing more than 100,000 electric vehicle (EV) batteries annually. This groundbreaking project promises to create 41 new jobs in Chester County and significantly advance the alternative energy sector in South Carolina.

Key Highlights:

  • PNE’s Innovative Technology: Developed from Princeton University research, PNE’s patented low-temperature, plasma-assisted separation process (LPAS™) recovers over 95% of lithium-ion materials from all battery chemistries.
  • Environmental and Cost Benefits: Argonne National Lab’s EverBatt model shows that PNE’s direct recycling can reduce costs by up to 40% and environmental waste by up to 70%. The process cuts CO2 emissions by up to 158,000 tpa and eliminates the need for water-intensive and toxic acid leaching methods.
  • Economic Impact: The facility will generate over 10,000 tpa of battery-grade cathode material, supporting the production of over 100,000 EV batteries annually, and create 41 new jobs in Chester County.
  • Significant Investments: Following a $30 million Series A funding round, with Samsung Venture Investment Corporation as a strategic investor, PNE has been recognized by Time Magazine as one of “America’s Top Greentech Companies 2024.”

Governor Henry McMaster welcomed PNE to South Carolina, highlighting the facility’s potential to significantly impact the local community and the state’s alternative energy sector.

Dr. Chao Yan, PNE’s founder and CEO, emphasized the importance of the facility, stating, “Today is a national milestone for America’s circular battery economy and brings the research incubated at Princeton University to market. South Carolina is an ideal location to lead the battery recycling revolution.”

Circular Battery Economy: PNE’s approach ensures that materials stay within the country from initial production through end-of-life recycling and remanufacturing. Battery feedstock will come from consumer goods and industrial sources, such as mobile phones, computers, children’s toys, electric vehicles, and industrial energy storage facilities.

About Princeton NuEnergy: PNE, founded at Princeton University, is a leader in lithium-ion battery direct recycling. Their innovative LPAS™ technology produces battery-grade cathode and anode materials suitable for direct reintroduction into cell manufacturing. PNE has received over $55 million in grants and funding from notable investors, including Honda Motor Co, Ltd., LKQ Corporation, Samsung Venture Investment Corporation, Wistron Corporation, and the U.S. Department of Energy.

For more information, visit www.pnecycle.com.

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