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The EU is aiming to reach zero emissions by 2050 but the transition towards renewable energy is leading to bottlenecks in battery storage availability. The total storage capacity needed will rise from 0.7 TWh in 2019 to 10.5 TWh by 2030 but this accounts for up to 248% of the global lithium reserves. Recycling and reuse of batteries are an essential frontier but the current practices waste over 80% of the still usable battery storage while 88% of the battery recycling is outsourced to Asia. Circu Li-ion has developed a sustainable technology-approach to battery upcycling and recycling. Circu Li-ion enables the automated processing of used battery packs and delivers reliable analytics on each battery cell, refurbishes cells for re-use and prepares end-of-life cells for recycling. Our technology can recover >80% of otherwise recycled cells, doubles the battery lifetime, reduces production emissions by 80% and increases recycling efficiency.
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