7 Battery Recyclers Recently Funded by the DOE
The US Government has backed these seven companies to advance the state of battery recycling.
October 13, 2024
The U.S. Department of Energy (DOE) has launched a series of initiatives aimed at transforming the domestic battery recycling market, with a focus on bolstering the supply chain for materials such as lithium, cobalt, and nickel. These efforts come at a time when the demand for electric vehicles (EVs) and energy storage solutions is surging, placing immense pressure on the supply of battery components. Traditional mining and material sourcing methods are becoming increasingly unsustainable, both environmentally and economically. To address this, the DOE is backing advanced recycling technologies that recover valuable materials from spent batteries and significantly reduce waste and emissions.
The recycling technologies under development focus on extracting high-purity materials from end-of-life batteries and manufacturing scrap. These processes often involve chemical treatments and mechanical separation techniques that isolate metals and other components, which are then reintroduced into the production cycle. Unlike conventional recycling, which often downgrades materials, these new methods aim to preserve the integrity of recovered elements for reuse in new batteries.
Ultimately, the initiative emphasizes creating a circular economy for battery materials within the United States. By investing in domestic facilities and reducing reliance on foreign-sourced raw materials, the DOE is aiming to position the U.S. as a leader in both the battery and recycling industries. The current market, though in its nascent stages, holds tremendous promise. This confluence of technological advancement and market demand presents a unique opportunity to strengthen the supply chain but also reduce the environmental footprint of the energy storage industry.
Read on to learn about seven battery recycling companies that recently received DOE funding.
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