A pair of Massachusetts companies will benefit from the push to convert to electric vehicles. Ascend Elements and 6K Inc. were recipients of more than $530 million in federal funding through a program designed to support battery manufacturing, recycling, and material processing for the electric vehicle market.
The announcement was welcomed by the Massachusetts delegation. U.S. Democratic Sens. Edward J. Markey and Elizabeth Warren, and US Reps. Jim McGovern and Seth Moulton hailed the move that will support the companies based in North Andover and Westborough.
- Massachusetts ingenuity and innovation has and continues to inspire the next generation of climate solutions.
The move will support demand for electric vehicles and at the same time "support good-paying jobs."
- The U.S. Department of Energy will allocate the funding through its Battery Materials Processing and Battery Component Manufacturing and Recycling program.
- Westborough-based Ascend Elements will receive $480 million that will be used to build a manufacturing plant where batteries will be recycled as raw material and reduce dependence on foreign suppliers.
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