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Area Development - Site Selection, Facility Planning and Workforce Development

Princeton NuEnergy Plans Chester, South Carolina, Recycling Operations

06/24/2024
Clean technology company Princeton NuEnergy plans to establish operations in Chester, South Carolina. The $11 million project is expected to create 41 jobs.

The 25,000-square-foot facility, located at 564 Ecology Lane, will recycle lithium-ion batteries from EVs and manufacturing scrap to produce advanced blackmass and rejuvenated cathode active material. Operations are scheduled to begin in the third quarter of 2024.

“Princeton NuEnergy is excited to establish the first Cathode Active Material (CAM) direct recycling manufacturing center in South Carolina. We will utilize our innovative pre-processing and Cathode-to-Cathode technologies we have developed for lithium-ion battery direct recycling and critical materials recovery. The advanced blackmass and rejuvenated battery-grade cathode active materials will play a crucial role in achieving a true domestic circular economy and supporting the growing number of auto manufacturers transitioning to electric vehicles. South Carolina is rapidly becoming a leader in the EV industry, and we are a proud partner with the state and Chester County on this transformative journey,” Princeton NuEnergy Co-Founder and CEO Dr. Chao Yan said.

To support the project the Coordinating Council for Economic Development approved job development credits. The council also awarded a $500,000 Rural Infrastructure Fund grant to Chester County.

“Having innovative companies like Princeton NuEnergy in South Carolina furthers our state’s contribution to the circular economy. Given sustainability’s important role in remaining competitive, this partnership advances South Carolina’s reputation as an alternative energy leader,” Secretary of Commerce Harry M. Lightsey III noted.

PNE recycles lithium-ion batteries from electric vehicles, consumer electronics, energy storage batteries and manufacturing scrap. The company’s patented direct recycling technology enables the production of battery materials to be produced at a lower cost and environmental impact than traditional recycling processes.

“With Princeton NuEnergy’s new manufacturing operation in Chester, the EV sector continues to grow alongside the I-77 corridor. We have seen several significant EV sector investments in our region in recent years. With a location between Columbia and Charlotte, our region is an ideal location for EV-related and supply chain projects,” added Christopher Finn, Interim President and CEO of South Carolina I-77 Alliance.

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