#Battery #Recycling #Stocks Headline News - (NYSE:
$KULR) (NYSE: $LICY) (NASDAQ: $ELBM) (NASDAQ: $AQMS) @KULRTech @li_cycle @ElectraBMC @AquaMetalsInc
Vancouver,
Kelowna, Delta, BC – July 21, 2023 - Investorideas.com, a leading
investor news resource covering clean energy and battery stocks releases a
special news report on the importance
and growth of the lithium battery recycling market and some of the key players,
featuring KULR
Technology Group, Inc. (NYSE:KULR), a leading energy
management platform company accelerating the global transition to a sustainable
electrification economy.
Read this article,
featuring KULR in full at https://www.investorideas.com/news/2023/renewable-energy/07211Battery-Recycling-Stocks.asp
A
new report from Spherical Insights, The Global
Lithium-Ion Battery Recycling Market, says the market will grow from USD 5.25 billion
in 2022 to USD 26.56 billion by 2032, at a Compound Annual Growth Rate (CAGR)
of 17.6% during the forecast period.
Continued “Lithium-ion
battery recycling is a crucial process that aims to recover valuable materials
from used batteries, minimize environmental impact, and conserve resources.
With the increasing use of lithium-ion batteries in electric vehicles, portable
electronics, and renewable energy storage systems, recycling has become
essential.”
KULR Technology Group, Inc. (NYSE: KULR) with a core mission of sustainability, just announced a
joint collaboration with Cirba Solutions, the largest and most comprehensive
battery materials and management processor for end-of-life EV batteries and
gigafactory manufacturing scrap. This collaboration focuses on developing a
safe transportation platform for original equipment manufacturers (“OEM’s”) to
store and transport prototype, end of life, damaged, defective, and recalled
lithium-ion batteries up to 2.5 kWh (kilowatt-hours) by utilizing KULR’s SafeCASE™
and Cirba Solutions’ nationwide logistics and recycling services.
From the news: The collaboration between KULR and Cirba Solutions is an
exclusive nationwide program for consumer lithium-ion batteries focused on
sustainability, for responsible and compliant recycling in the United States.
The large-scale deployment of KULR’s SafeCASE™ product is set for immediate
delivery while the ongoing partnership is expected to yield additional products
and solutions developed together over time to meet the requirements of Cirba
Solutions customers.
KULR's fire resistant SafeCASE™,
along with the Company’s SafeSLEEVE™, are part of its patented SafeX product
line, that will serve Cirba Solutions’ customers with a comprehensive solution
available in customized form factors and configurations for the safe storage
and transportation of lithium-ion batteries depending on the customer’s
requirements.
For over 30 years, Cirba Solutions
has demonstrated its industry-leading capabilities in collection, logistics and
processing for all batteries. Cirba Solutions now provides the only vertically
integrated solution for customers: a true traceable option enabling the
circular battery supply chain.
Jay Wago, Chief Commercial Officer of
Cirba Solutions emphasized, “The need to safely transport lithium-ion batteries
is critical to increasing recycling rates and building a circular battery
framework in the U.S. The SafeCASE™ design provides safe transportation and
storage for lithium-ion batteries up to 2.5 kWh in a form that is easy to use
for customers. The focus on a reusability feature makes the solution both cost
effective and sustainable.”
"As we continue to collaborate,
we are eager to provide our proven thermal protections to Cirba Solutions and
its customers with the common goal of helping provide a safer and cleaner
environment for everyone," said KULR
Li-Cycle
Holdings Corp. (NYSE: LICY), a leading global lithium-ion battery resource
recovery company and EVE Energy Co., Ltd., a leading lithium-ion battery
technology company recently announced that they have
signed a memorandum of understanding ("MOU") to collaborate and
explore lithium-ion battery recycling solutions for EVE battery materials.
From the news: The MOU includes a
framework to explore global sustainable recycling solutions for EVE lithium-ion
battery materials in the North American market, as well as battery
manufacturing scrap generated at EVE’s planned lithium-ion battery cell
manufacturing facilities in Malaysia and Hungary. The collaboration is also
expected to support EVE’s environmental goals through a closed-loop supply
solution and continue to support the global movement towards electrification.
EVE is one of the world’s largest lithium-ion battery cell manufacturers, with
global manufacturing facilities and customers that include global automakers.
Continued: In addition to its
large lithium-ion battery manufacturing footprint in Asia, EVE has announced
plans to build its first European battery manufacturing facility in Hungary,
which is expected to supply a major global automaker for the production of
electric vehicles ("EVs"). EVE has also announced plans to build a
lithium-ion battery cell manufacturing facility in Malaysia.
Li-Cycle’s
patented Spoke & Hub Technologies™ enables a safe and environmentally
friendly way to recycle lithium-ion batteries and battery manufacturing scrap
and recover key battery-grade materials, including lithium, nickel and cobalt.
Li-Cycle’s overall process includes an efficient environmental footprint,
minimal direct greenhouse gas emissions, and minimal wastewater discharge,
which helps position Li-Cycle’s innovative technologies as a strong recycling
solution for EVE’s battery cell manufacturing capabilities.
Electra
Battery Materials Corporation (NASDAQ: ELBM) ( TSX-V: ELBM), a processor of
low-carbon, ethically-sourced battery materials just announced the first customer
shipment of nickel-cobalt produced at its refinery complex north of Toronto
from recycled battery material. Using Electra’s proprietary hydrometallurgical
process, the nickel-cobalt mixed hydroxide precipitate product
("MHP") was produced in the Company’s black mass recycling trial
currently underway at its permitted, low-carbon hydrometallurgical refinery.
From the news: "The first
customer delivery of product from our refinery marks another important
milestone on the path to commercializing our black mass refining
capabilities," said Trent Mell, CEO of Electra. "Since the trial’s
launch late in 2022, we have proven that our proprietary hydrometallurgical
process works successfully, produces high-quality products, including lithium
carbonate and nickel-cobalt MHP, and supports compelling economics."
Continued: Black mass is the
industry term used to describe the material remaining once expired lithium-ion
batteries are shredded and all casings removed. Black mass contains high-value
elements, including nickel, cobalt, lithium, manganese and graphite, that once
recovered, can be recycled to new produce new lithium-ion batteries.
Electra
launched its black mass trial at the end of December 2022, with the goal of
validating its hydrometallurgical process in a plant-scale setting and testing
its refinery equipment.
On
June 29th, Aqua Metals, Inc. (NASDAQ: AQMS), a pioneer in
sustainable lithium-ion battery recycling announced the successful
completion of its groundbreaking Li AquaRefining™ recycling pilot, transition
to 24/5 operations and production of high-purity, saleable quantities of
sustainably recycled battery materials.
From the news: The Company
completed the pilot facility commissioning with the recovery of both cobalt and
manganese dioxide, completing the suite of valuable metals (including
high-purity lithium hydroxide, nickel, and copper) the Company reclaims from
spent lithium batteries using its patented AquaRefining technology. Aqua Metals
believes this advance makes it the first fully operational lithium battery
recycler using advanced electro-hydrometallurgy - replacing polluting furnaces
and intensive chemicals typical of recycling with electricity to separate the
critical metals from spent lithium batteries.
Continued: “Completing
commissioning and moving into 24/5 operations at our Li AquaRefining Pilot is a
tremendous milestone for Aqua Metals and represents the future of sustainable
lithium battery recycling in the US and beyond,” said Ben Taecker, Chief
Engineering & Operations Officer at Aqua Metals. “Not only are we
demonstrating the scalability of our solution, but also our significant
advantages in recovery rates, emissions reductions, and worker safety compared
to current battery recycling facilities.”
The
Company has completed the pilot - from finalized design through to operations -
in roughly eight months’ time, and with a transition to 24-hour operations, is
scaling the pilot facility to a capacity of 75 tons per annum (tpa) of
processed black mass input. Based on the success of the pilot, the Company also
continues the simultaneous phased development and commissioning of its first
commercial-scale facility, which was initiated earlier this year and is well underway.
The first phase of Aqua Metals’ recycling campus will be designed to process
3,000tpa black mass, for which the Company has secured both sufficient supply
of black mass to reach scale and is in the process of finalizing off-take
agreements for the recycled materials. The Company expects that at current
metals prices and projected processing costs at scale, its Phase 1 recycling
facility should generate positive cash flow.
Aqua
Metals intends to sell the high-purity and battery-grade materials produced at
the pilot to metals buyers and start generating initial revenue from recycled
metals in the third quarter. The Company will also continue distributing its
high-purity production samples to existing and potential customers in battery
and cathode manufacturing, advancing ongoing partnership and long term
off-taker discussions.
According
to Energy portal.eu, “The automotive
batteries segment is expected to be the fastest-growing segment in the battery
recycling market from 2023 to 2030. Lithium-ion batteries, which are commonly
used in the automotive industry, contain valuable metals such as lithium, cobalt,
nickel, and rare earth elements. Recycling these batteries not only reduces the
demand for new mining operations but also preserves natural resources.”
The
bottom line for global governments and EV manufacturers; if you want to sell
the sustainability story you need a plan to recycle the batteries. With all of
the money at stake, as well as the motivation to really save this planet, there
is no shortage of innovation driving this new cleantech future.
Visit
the clean energy and battery stocks free directory at Investorideas.com
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