Investors Flock to Battery Recyclers in Hunt for Climate Law Winners

05 Sep 2023 | Abstracted from MSN

"Investors are racing to find the clean-energy startups best positioned to capitalize on last year’s landmark climate law...Major investors including BlackRock and Goldman Sachs Asset Management are pouring money into battery recycling...The latest wager is on Ascend Elements, a battery-recycling startup that said it raised $460 million in a financing round...gigantic wave of battery factories coming soon...There needs to be processing capacity on line available to receive that material."

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