Cirba Solutions Hosts U.S. DOE, Showcasing Leadership in Critical Materials Infrastructure

• U.S. Department of Energy Witnesses first-hand the domestic battery recycling capacity being built by an industry leader Cirba Solutions.
• U.S. DOE visits Cirba Solutions Ohio campus as critical mineral refinement project moves forward with Bipartisan Infrastructure Law funding.
• Cirba Solutions is investing more than $400 million in its Ohio expansion to produce metal sulfates.
• State-of-the-art facility to provide enough battery-grade salts to power more than 250,000 electric vehicle batteries annually.

CHARLOTTE, N.C., Aug. 22, 2024 /PRNewswire/ -- Cirba Solutions, the premier battery recycling materials and management company, is at the forefront of building a critical minerals domestic supply chain for electric vehicle (EV) batteries. Illustrating the national strategic importance of its production, Cirba Solutions welcomed David Crane, the Under Secretary for Infrastructure at the U.S. Department of Energy, and Giulia Siccardo, Director of the U.S. DOE Office of Manufacturing and Energy Supply Chains (MESC) to tour the large-scale expansion, currently underway, at Cirba Solutions' Lancaster, Ohio lithium-ion battery recycling processing facility on Thursday, Aug. 22, 2024.

"Across the nation, more and more communities are experiencing the benefits of an American manufacturing renaissance thanks to President Biden's Investing in America agenda. With Cirba Solutions' first project from the Bipartisan Infrastructure Law coming online, Lancaster, Ohio, becomes a strategic focal point in DOE's efforts to build domestic battery manufacturing value chain, increase American competitiveness, strengthen U.S. supply chains, and create good-paying, high-quality jobs for the Buckeye state. I'm proud of the partnership we have created with Cirba Solutions as we reach this extraordinary milestone, and I look forward to our continued collaboration to build a future for Ohioans and all Americans that has never been brighter or cleaner," said DOE Under Secretary for Infrastructure David Crane.

Cirba Solutions is investing more than $400 million in the Lancaster, Ohio project, with sulfate production slated to be operational by 2026. This expansion will provide enough battery-grade metal salts to power more than 250,000 EV batteries annually and will create more than 100 new generational jobs. This expansion was made possible in part by $75 million Cirba Solutions received under the DOEs MESC grant program as part of the Bipartisan Infrastructure Law.

"This is a testament of how a government-enabled and private-sector led approach can enable the future of vehicle manufacturing," said Giulia Siccardo. "Cirba Solutions is demonstrating how a strategic commitment to a circular, domestic battery supply chain can move the U.S. forward, create incredible economic opportunity, and strengthen our energy security."

The visit by the Under Secretary of Infrastructure Crane and Director Siccardo comes approximately one year after U.S. Secretary of Energy Jennifer Granholm took part in the facility's celebratory groundbreaking event. The construction progress further advances Cirba Solutions on its path towards creating a circular battery supply chain and creating a more cost-effective lithium-ion battery processing and critical materials supply.

"Being the first company to officially receive funding through the Bipartisan Infrastructure Law and being able to showcase the immense achievements we have made towards a more stable domestic supply chain, is something we do not take lightly," said David Klanecky, CEO and President of Cirba Solutions. "Increasing the supply of critical materials sourced in the U.S. is crucial to our national security, our pursuit in reducing carbon emissions and our goals around building a closed-loop supply chain. The support from the DOE has made it possible for us to expand our operations and operational footprint for the growing battery industry in the U.S., which has never been seen before in North America."

To celebrate the progress being made representatives U.S. Senator Sherrod Brown (D-OH) and U.S. Representative Balderson (R-OH-12) offices, as well as delegates from the City of Lancaster were all in attendance together to tour the lithium-ion battery processing facility expansion progress.

The demand for critical materials that are essential to battery manufacturing are experiencing a robust growth. Lithium supply will continue to grow at compound annual growth rate (CAGR) of 15 percent through 2033, while demand for nickel and cobalt is expected to double between 2023 and 2034¹. These market indicators also demonstrate that the supply for critical materials will come from recycled content. For example, 29 percent of cobalt demand is expected to come from recycled materials in 2040².

Market trends solidify the need for an increased supply of critical materials. The domestic processing of lithium-ion batteries plays a significant role in the future of critical materials and a closed-loop battery supply chain.

About Cirba Solutions
Cirba Solutions is a premier battery recycling materials and management company extracting critical materials from scrap and used batteries, and then supplying those battery-grade metals back into the supply chain. As the only vertically integrated team with an operational, differentiated platform and a full suite of capabilities, Cirba Solutions is leading the creation of a circular battery supply chain.

www.cirbasolutions.com
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¹ 2024 Q2. Battery Recycling 10-year Forecast. Fastmarkets.
² 2024 Q2. Q2 2024 Battery Recycling Forecast. Benchmark Mineral Intelligence

SOURCE Cirba Solutions

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