Decarbonization Partners Backs Ascend Elements with $460M for Sustainable EV Battery Materials

Decarbonization Partners, a climate tech investment firm established by BlackRock and Temasek, has taken the lead in a significant investment of $460 million in Ascend Elements, a US-based manufacturer of sustainable battery materials. This funding infusion will enable Ascend Elements to construct a substantial facility in Kentucky, dedicated to the production of environmentally friendly materials for electric vehicles. The investment aligns with Decarbonization Partners’ $1 billion fund, which aims to support companies at the forefront of developing climate solutions. This partnership underscores the growing importance of climate tech investment as a means to combat the climate crisis and accelerate the transition to a sustainable future.



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