$11M EV battery recycling facility investment announced in Chester County

CHESTER COUNTY, S.C. (QUEEN CITY NEWS) – A big investment in a new facility that will recycle EV batteries is coming to Chester County, South Carolina Governor Henry McMaster announced on Thursday.

Tech company Princeton NuEnergy will invest $11 million and create 41 new jobs with a new 25,000-square-foot facility off Ecology Lane in Chester.

“We are pleased to welcome Princeton NuEnergy to Chester County and South Carolina,” McMaster said. “The company’s new operation will have a significant impact in the community by creating 41 new jobs and advancing our state’s alternative energy sector.”

The facility will be used to recycle lithium-ion batteries from EVs.

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,” Princeton NuEnergy Co-Founder and CEO Dr. Chao Yan said. “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.”

The facility is expected to open later this year.

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