Salem Radio Network News Tuesday, March 28, 2023


DOE grants $375M loan for lithium battery recycling plant


( ) -q-21- UNDATED (Correspondent Jeremy House) “in recent weeks.”
The U.S. Department of Energy will provide $375 million in loans to a battery recycling company.

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TAG: Correspondent Jeremy House reporting.

VERBATIM: The loans will enable Li-Cycle to build its first, and one of the first, lithium ion battery recycling plants in North America. Experts have long talked about recycling the lithium in batteries because mining can be environmentally destructive and supplies in the Earth’s crust ultimately may be limited. There have been three such announcements of lithium recycling plants in recent weeks.

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