Rochester, New York — According to state and local economic development sources Li-Cycle plans to invest $175,000,000.00 to build out new space in Rochester. The company plans to occupy the new space at 1669 Lake Ave in Rochester, on or about October 1, 2021. According to the company website Li-Cycle is on a mission to leverage its innovative solution to address an emerging and urgent global challenge. Lithium-ion rechargeable batteries are increasingly powering our world in automotive, industrial/utility/residential energy storage, and consumer electronic applications. The world needs improved technology and supply chain innovations to better recycle these batteries, and to meet the rapidly growing demand for critical and scarce battery-grade materials. Li-Cycle Technology is a low cost, safe, environmentally friendly process that can recycle all types of lithium-ion batteries. It can do so with an unparalleled recovery rate of up to 100% of all materials. Li-Cycle’s industry-leading innovations make it uniquely positioned to support a key element of the growing international movement towards zero carbon technologies as part of the circular economy.

To learn more about Li-Cycle, visit http://li-cycle.com/

Company Contact:
Tim Johnston, Executive Chairman and Co-Founder
https://www.linkedin.com/in/timjohnston1/
416-583-3509

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