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Ascend Elements to Pay $7.5 Million to Resolve Federal Reimbursement Claims
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Ascend Elements to Pay $7.5 Million to Resolve Federal Reimbursement Claims
Ascend Elements has agreed to pay nearly $7.5 million to resolve allegations that it submitted inflated reimbursement claims to the U.S. Department of Energy related to the construction of its Apex-1 battery materials facility in Hopkinsville. U.S. Attorney Kyle Bumgarner announced Thursday that the Massachusetts-based lithium-ion battery materials manufacturer will pay $7.49 million to settle civil allegations involving the company’s federally …
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