Battery recycler Ascend Elements files for bankruptcy
Ascend Elements said that it will be filing for Chapter 11 bankruptcy in the wake of a canceled government grant and a challenging market for lithium-ion batteries.
Ascend Elements said that it will be filing for Chapter 11 bankruptcy in the wake of a canceled government grant and a challenging market for lithium-ion batteries.
The Department of Energy said it was canceling grants to build new factories in places like Alabama and Kentucky. Three startups are affected.