The European Union (EU) aims to achieve zero emissions by 2050. However, the transition to renewable energy sources is causing issues with battery storage availability. The required storage capacity is expected to increase from 0.7 TWh in 2019 to 10.5 TWh by 2030, which could account for up to 248% of the global lithium reserves. Recycling and reusing batteries is crucial, but current practices result in over 80% of still-usable battery storage being wasted. Moreover, it is worth noting that 88% of battery recycling is outsourced to Asia.
However, Circu Li-ion has developed a sustainable approach to battery upcycling and recycling. The company facilitates the automated processing of used battery packs and provides dependable analytics on each battery cell. Circu Li-ion refurbishes cells for re-use and prepares end-of-life cells for recycling. The technology can recover more than 80% of cells that would otherwise be recycled, double the battery lifetime, reduce production emissions by 80%, and increase recycling efficiency.
The project aims to enhance our ability to analyze, diagnose, and repurpose cells through an in-house pilot program. This requires further development of computer vision algorithms, quality control measures, predictive maintenance systems, and monitoring systems. Furthermore, it is necessary to develop hardware for safety systems, battery categorization, and sorting systems.