Overview
- Five awards to Ascend Elements, ICL Specialty Products, Anovion, American Battery Technology Co., and LuxWall were terminated, covering projects in Kentucky, Missouri, Alabama, Nevada, and Detroit.
- Some funds had already been disbursed — including $206 million to Ascend Elements and $13.8 million to Anovion — reducing the undisbursed amounts now withdrawn.
- Affected companies plan to appeal or proceed with other financing, with Ascend Elements and American Battery Technology Co. saying their timelines remain intact and LuxWall indicating it will appeal.
- The grants were funded by the Bipartisan Infrastructure Law to bolster domestic battery materials, recycling capacity, and energy‑efficient manufacturing.
- The cancellations are part of Energy Secretary Chris Wright’s ongoing review that has already revoked about $7.56 billion, and 37 senators have challenged the legality and economic impact in a formal letter.