A new report from Navigant Research examines key recycling methods and strategies for major advanced battery technologies that are commercially available for transportation and grid storage.
With growing demand for grid-scale and electric vehicle battery storage, advanced battery stakeholders are increasingly concerned about mitigating the life cycle impact of these systems. Efforts are underway to better understand the recycling process and to lower the costs and environmental impacts involved. Click to tweet: According to a new report from @NavigantRSRCH, recycling is an opportunity for advanced battery stakeholders to integrate responsible, profitable business practices into their go-to-market strategies.
“Early markets for advanced batteries opened around 2010, and now the industry is seeing its first major wave of retired advanced battery assets,” says Ian McClenny, research analyst with Navigant Research. “In the past, advanced battery manufacturers, integrators, end users, and even legacy battery recycling companies did not factor retirements into their business models, but that is changing as they become more aware of the opportunity to lower total cost of ownership, increase profits, and reduce environmental impact.”
According to the report, recycling presents an opportunity for system owners to increase profit margins and decrease their footprint, in addition to providing benefits to other stakeholders. While second-life use has been a viable option for some in the battery industry, the economical and environmentally friendly recycling of advanced battery systems would benefit all stakeholders.