{"id":1004608472,"date":"2022-10-24T11:00:02","date_gmt":"2022-10-24T19:00:02","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004608472"},"modified":"2022-12-09T02:10:36","modified_gmt":"2022-12-09T10:10:36","slug":"ascend-elements-starts-construction-on-1b-kentucky-plant","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ascend-elements-starts-construction-on-1b-kentucky-plant\/","title":{"rendered":"Ascend Elements Starts Construction on $1B Kentucky Plant"},"content":{"rendered":"
\"Ascend<\/a>

Ascend Elements breaks ground on Apex 1 in Hopkinsville, Ky. Image courtesy of Ascend Elements<\/p><\/div>\n

Ascend Elements<\/strong> has broken ground on Apex 1, a 500,000-square-foot manufacturing facility in Hopkinsville, Ky., that will produce sustainable lithium-ion battery cathode materials for electric vehicles.<\/p>\n

The company has received two grants totaling $480 million from the U.S. Department of Energy to build the project, which is expected to bring hundreds of full-time jobs and billions of dollars in positive economic impact to Kentucky.<\/p>\n

At Apex 1, Ascend Elements plans to deploy its innovative Hydro-to-Cathode direct precursor synthesis technology, which produces new cathode materials from spent lithium-ion cells in a more efficient and sustainable way than traditional methods. The company has been running a pilot scale version of this technology at a Massachusetts location for the last few years.<\/p>\n

\n

READ ALSO<\/strong>: Meridian Group\u2019s Upbeat Take on Industrial<\/a><\/p>\n

\n

Upon completion, Apex 1 will produce enough materials to equip 250,000 electric vehicles per year. The facility is expected to accommodate as many as 400 full-time employees and generate $4.4 billion in positive economic impact to Kentucky over the construction period and the first 10 years, according to Ascend Elements.<\/p>\n

Addressing the growing demand for electric vehicle parts<\/h2>\n

Ascend Elements plans to invest nearly $1 billion into the Apex 1 facility, which could include potential expansion phases. Kentucky\u2019s governor, Andy Beshear, said in prepared remarks that Apex 1 is the largest development project in western Kentucky after Ascend Elements announced that it would invest heavily into the facility.<\/p>\n

According to Michael O’Kronley, CEO of Ascend Elements, the plant will become the first in the U.S. to provide a domestic source of sustainable lithium-ion cathode material for EV batteries.<\/p>\n

Besides Ascend Elements, many other companies are building out facilities to produce components for electric vehicles. Earlier this month, Our Next Energy, Inc. signed a multi-year lease<\/a> at a 659,589-square-foot facility in Van Buren Township, Mich., with plans to invest $1.6 billion to convert it into a manufacturing plant for electric vehicle battery cells. In May, SEMCORP Advanced Materials Group chose a site in Sidney, Ohio, for its $916 million manufacturing facility<\/a> that will produce a key component of electric vehicle batteries.<\/p>\n","protected":false},"excerpt":{"rendered":"

In a first for the U.S., the facility will sustainably produce a key component of EV batteries.<\/p>\n","protected":false},"author":883,"featured_media":1004608482,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,22251,21748,21742],"tags":[],"class_list":["post-1004608472","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-in-focus","category-industrial","category-latest"],"acf":[],"yoast_head":"\nAscend Elements Starts Construction on $1B Kentucky Plant - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Ascend Elements is building a plant in Hopkinsville, Ky., that will produce lithium-ion battery cathode materials for electric vehicles.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/ascend-elements-starts-construction-on-1b-kentucky-plant\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ascend Elements Starts Construction on $1B Kentucky Plant\" \/>\n<meta property=\"og:description\" content=\"Ascend Elements is building a plant in Hopkinsville, Ky., that will produce lithium-ion battery cathode materials for electric vehicles.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/ascend-elements-starts-construction-on-1b-kentucky-plant\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-24T19:00:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T10:10:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/Ascend-Elements-breaks-ground-on-Apex-1-in-Hopkinsville-Ky.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"838\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jackson Chen\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ascend-elements-starts-construction-on-1b-kentucky-plant\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/ascend-elements-starts-construction-on-1b-kentucky-plant\/\",\"name\":\"Ascend Elements Starts Construction on $1B Kentucky Plant - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ascend-elements-starts-construction-on-1b-kentucky-plant\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ascend-elements-starts-construction-on-1b-kentucky-plant\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/Ascend-Elements-breaks-ground-on-Apex-1-in-Hopkinsville-Ky.jpg\",\"datePublished\":\"2022-10-24T19:00:02+00:00\",\"dateModified\":\"2022-12-09T10:10:36+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/8d4607aca26f3427c49fe54ddc82ddf1\"},\"description\":\"Ascend Elements is building a plant in Hopkinsville, Ky., that will produce lithium-ion battery cathode materials for electric vehicles.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ascend-elements-starts-construction-on-1b-kentucky-plant\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/ascend-elements-starts-construction-on-1b-kentucky-plant\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/ascend-elements-starts-construction-on-1b-kentucky-plant\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/Ascend-Elements-breaks-ground-on-Apex-1-in-Hopkinsville-Ky.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2022\/10\/Ascend-Elements-breaks-ground-on-Apex-1-in-Hopkinsville-Ky.jpg\",\"width\":838,\"height\":600,\"caption\":\"Ascend Elements breaks ground on Apex 1 in Hopkinsville, Ky. 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