Site Selection Evolves
Corporate respondents prioritize workforce talent, environmental factors, and permitting/regulatory ease in their location and expansion decisions.
Q1 2024
The survey’s recognition of success factors such as environmental and permitting regulatory ease and access to low-cost renewable energy is aligned with our industry’s needs. Access to land and logistics infrastructure also resonates deeply within the EV battery recycling sector. With sustainability being a core pillar of the industry, access to renewable energy sources is critical for minimizing environmental impact. Battery recycling projects also require appropriate zoning and access to public infrastructure given the nature of the processes. Lastly, the need to access a global supply chain underscores the importance of a strategic location based on logistic considerations to reduce operational costs.
About half the respondents say that government funding has influenced expansion plans, which is especially the case for the EV battery recycling industry. In addition to the global shift toward electrified transportation, the unprecedented funding through the IRA and DOE loans have helped propel the industry which is expected to double in the next decade. Overall, the alignment between the survey results and the priorities within the EV battery recycling industry underscores the interconnectedness of site selection strategies with broader industry trends and imperatives. As businesses continue to navigate an increasingly complex and dynamic landscape, prioritizing factors such as workforce development, sustainability, and logistical efficiency will be essential for driving growth and competitiveness in the evolving market environment.
Project Announcements
PEAK Precision Manufacturing Plans Bowling Green, Kentucky, Operations
07/26/2024
Italy-Based Sipcam Agro USA Upgrades Wayne County, Mississippi, Operations
07/26/2024
Cleveland-Cliffs Plans Weirton, West Virginia, Operations
07/26/2024
IDEXX Laboratories Plans Wilson, North Carolina, Production Operations
07/26/2024
Germany-Based Ritz Instrument Transformers Plans Waynesboro, Georgia, Operations
07/26/2024
AirJoule Plans Newark-Wilmington, Delaware, Operations
07/26/2024
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