A Sustainable Investment in Journalism

A sustainable business requires diverse revenue streams. ESG Investor now operates a subscription service as of Tuesday 14th May. To find out more please get in touch with our subscription team on subscriptions@esginvestor.net

Fund Solutions

BlackRock, Temasek Invest in EV Battery Materials Manufacturer

Decarbonisation Partners, which is a sustainable private investment partnership between asset manager BlackRock and sovereign wealth fund Temasek, has co-led a growth equity investment in Ascend Elements. As part of the investment, which has contributed to the US$460 million Series D round, a representative of the Decarbonisation Partners will sit on the board of the US-based manufacturer of sustainable, engineered battery materials for electric vehicles (EVs). In total, Ascend Elements has raised US$542 million in new equity investments this year. The Series D funding will advance the construction of Ascend Elements’ Apex 1 facility in Kentucky, which will serve as North America’s first sustainable cathode precursor and cathode active material manufacturing facility. Dr Meghan Sharp, Global Head of Decarbonisation Partners, said: “We are thrilled to partner with Ascend Elements, which has established itself as a leader in the fast-growing sustainable battery materials space that is vital to accelerating the electrification of transport. We are pleased to collaborate on this investment and look forward to supporting Ascend Elements’ continued expansion and technological innovation.

The practical information hub for asset owners looking to invest successfully and sustainably for the long term. As best practice evolves, we will share the news, insights and data to guide asset owners on their individual journey to ESG integration.

Copyright © 2024 ESG Investor Ltd. Company No. 12893343. ESG Investor Ltd, Fox Court, 14 Grays Inn Road, London, WC1X 8HN

To Top