Ascend Elements, Inc.

Bipartisan Infrastructure Law (bil)-integrated Sustainable Battery Precursor Production Plant the Objective of This Project Is to Establish Industrial Scale Battery Precursor Production Capacity of Sustainable Low-cost Cathode Active Materials in the United States by Integrating the Separation of Critical Cathode Materials From Spent Lithium-ion Batteries (LIBS) With the Production of Precursor Active Materials (PCAM) for New Libs.

Committed

$316.2 Million

Paid out
$206.0M
65%
Committed, not yet paid
$110.2M
35%

How to read these numbers

One award, start to finish: Everything here is this single award's whole record — signed, amended, paid — not a fiscal-year slice. The by-year charts elsewhere split an award across the years it was committed; this page keeps it whole.
Committed vs. ceiling: Committed is what the government has legally promised on this award so far. Contracts can also carry a ceiling — the maximum if every option is exercised. Unspent ceiling is headroom, not money owed.
Paid out: The cash actually disbursed against this award. The gap from committed is the disbursement pipeline: promised, not yet cashed.
The ledger: Each transaction is a signing event — an action that created or changed the award, dated the day it was signed — not a payment. Negative amounts are real: money de-committed at closeout or renegotiation.
The money bar: One bar, the award’s whole arithmetic: paid out, then committed, not yet paid, then .

Source

This award on USAspending.gov ↗

Federal grant · project grant (b)

Department of Energy

Manufacturing and Energy Supply Chain Demonstrations and Commercial Applications to