Bankrupt battery recycling startup Ascend Elements Inc. has settled potential whistleblower civil liabilities with the Department of Energy over at least $16 million in allegedly improper billing for the construction of its Kentucky production facility.
Under the deal, Massachusetts-based Ascend would subtract nearly $7.5 million from funds the DOE owes under a grant, according to a motion filed on Thursday in the US Bankruptcy Court for the Southern District of Texas.
Ascend voluntarily disclosed in February 2025 to the federal government billing issues involving its contractor, Turner-Kokosing Joint Venture and subcontractor RMF Nooter LLC, according to the motion. Ascend said ...
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