Researchers at Cornell University have developed a recycling process that restores spent lithium-ion batteries to up to 95% of their original capacity while cutting recycling costs by 56%.
The company is restructuring some teams to accommodate a booming energy storage business, according to emails viewed by TechCrunch.
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.