Advanced Battery Recycling Benefits All Stakeholders
When advanced batteries are recycled in an economical and environmentally friendly way, system owners especially can increase profit margins and decrease their footprint
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 now 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.
The report, Novel Recycling Strategies Expand the Value Proposition of Advanced Batteries, examines key recycling methods and strategies for major advanced battery technologies that are commercially available for transportation and grid storage. These methods are classified by their traditional specifications, reported shortcomings, and future roadmap for improvement. Navigant Research outlines the primary battery system components for advanced batteries and how they should be considered when recycling. The study also explores competing end-of-life strategies and provides recommendations on incorporating recycling procedures in the supply chain for governments, manufacturers, and business owners. An Executive Summary of the report is available for free download on the Navigant Research website.
Contact: Lindsay Funicello-Paul
* The information contained in this press release concerning the report, Novel Recycling Strategies Expand the Value Proposition of Advanced Batteries, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.