WASHINGTON - The Responsible Battery Coalition (RBC), a coalition of leading battery industry and battery-use stakeholders, today applauded RBC member Li-Cycle for securing a $375 million conditional loan to develop an electric vehicle battery recycling facility in Rochester, New York.
“Li-Cycle lives up to the RBC’s Green Principles by putting the circularity in the circular economy and creating a new life for the critical minerals in lithium-ion batteries,” said Steve Christensen, Executive Director of the Responsible Battery Coalition. “The Department of Energy recognizes this too and their investment in Li-Cycle will help secure America’s supply of lithium, nickel and cobalt here in America and eventually bring the U.S. to the same recycling rate as lead-acid batteries.”
The loan is part of a larger multi-billion dollar initiative by the Department of Energy to support start-ups and established businesses build a domestic lithium-ion battery economy across the country.
The announcement also comes after the Li-Bridge public-private partnership pointed out that the U.S. and its allies need to develop recycling as a core component of a strategy to meet domestic commercial demand for electric vehicles. The Responsible Battery Coalition also believes that by building this domestic economy in America, the U.S. can also reduce reliance on China, unfair labor practices and emissions.
Further requests for commentary from Li-Cycle should be directed to Media@li-cycle.com.
About the Responsible Battery Coalition
The RBC is a coalition of companies, academics, and organizations committed to the responsible management of the batteries of today and tomorrow. Members include: Advance Auto Parts, AutoZone, Clarios, FedEx, Ford Motor Company, Honda, Li-Cycle and O’Reilly Auto Parts. RBC was created in April 2017 to advance the responsible production, transport, sale, use, reuse, recycling and resource recovery of transportation, industrial and stationary batteries and other energy storage devices. For more information: https://www.responsiblebatterycoalition.org/