Princeton NuEnergy scores $30 million in funding for lithium battery recycling

PNE, a New Jersey-based company specializing in lithium-ion battery direct recycling, completed a Series A funding round with a strategic investment from Samsung Venture Investment Corp. The company has developed patented direct recycling technology for lithium-ion batteries and is commercializing its process to recover up to 95% of materials found in all lithium-ion battery chemistries. This funding will support the construction of PNE’s first full-scale recycling facility.

Source:

https://www.pv-magazine.com/2024/06/18/princeton-nuenergy-scores-30-million-in-funding-for-lithium-battery-recycling/

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