DALLAS, May 10, 2023 /PRNewswire/ -- Jacobs (NYSE:J) was selected by Cirba Solutions, a comprehensive battery materials and management company for end-of-life batteries and gigafactory scrap, to expand manufacturing capacity for sustainable electric vehicle (EV) battery materials across North America.
Jacobs is managing the facility design and supporting construction of multiple site locations, including an expansion at Cirba Solutions' lithium-ion processing site in Lancaster, Ohio. The expansion project is estimated at $200 million, and the site recently received over $82 million in grants from the U.S. Department of Energy.
"Jacobs has rich experience in EV manufacturing and transit decarbonization, supporting clients globally in this growing industry. However, a more circular and sustainable battery supply chain will be critical if EVs are to truly decarbonize our transportation sector in North America," said Jacobs Global Business Units Senior Vice President Koti Vadlamudi. "Cirba Solutions' expansion increases capacity in the U.S. and promotes circularity— helping to make the EV industry, and the world, more sustainable."
"Jacobs' expertise and knowledge of an environmentally thoughtful approach is consistent with our focus to ensure our construction supports our strategic approach to technology and sustainability," said Cirba Solutions Vice President of Operations John Kelly.
In addition to working with battery supply chain clients, Jacobs is delivering solutions across the EV industry, including vehicle manufacturing, transit decarbonization, power generation and supply, and funding and grant support.
Jacobs' solutions come as electric and hybrid vehicles are expected to represent 52% of total U.S. car sales by 2030, and as the bipartisan Infrastructure Investments and Jobs Act and Inflation Reduction Act authorized federal funding and tax credits for manufacturing and charging and power infrastructure.
At Jacobs, we're challenging today to reinvent tomorrow by solving the world's most critical problems for thriving cities, resilient environments, mission-critical outcomes, operational advancement, scientific discovery and cutting-edge manufacturing, turning abstract ideas into realities that transform the world for good. With approximately $15 billion in annual revenue and a talent force of more than 60,000, Jacobs provides a full spectrum of professional services including consulting, technical, scientific and project delivery for the government and private sector. Visit jacobs.com and connect with Jacobs on Facebook, Instagram, LinkedIn and Twitter.
Certain statements contained in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that do not directly relate to any historical or current fact. When used herein, words such as "expects," "anticipates," "believes," "seeks," "estimates," "plans," "intends," "future," "will," "would," "could," "can," "may," and similar words are intended to identify forward-looking statements. We base these forward-looking statements on management's current estimates and expectations, as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements including, but not limited to, the timing of the award of projects and funding and potential changes to the amounts provided for under the Infrastructure Investment and Jobs Act, as well as general economic conditions, including inflation and the actions taken by monetary authorities in response to inflation, changes in interest rates and foreign currency exchange rates, changes in capital markets, the possibility of a recession or economic downturn, geopolitical events and conflicts, and the impact of the COVID-19 pandemic, including the related reaction of governments on global and regional market conditions, among others. For a description of some additional factors that may occur that could cause actual results to differ from our forward-looking statements, see the discussions contained under Item 1 - Business; Item 1A - Risk Factors; Item 3 - Legal Proceedings; and Item 7 - Management's Discussion and Analysis of Financial Condition and Results of Operations in our most recently filed Annual Report on Form 10-K, and Item 2 - Management's Discussion and Analysis of Financial Condition and Results of Operations; Item 1 - Legal Proceedings; and Item 1A - Risk Factors in our most recently filed Quarterly Report on Form 10-Q, as well as the company's other filings with the Securities and Exchange Commission. The company is not under any duty to update any of the forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law.
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