20 Mar HUB : Old Batteries Find New Life
Media Source: HUB (Click here to see the original article)
HUB Cleantech Indonesia
2nd Quarter 2022 202
The transition to EV is accelerating worldwide with more than 10 million battery-powered vehicles on the road today, and the International Energy Agency estimates that number could rise to 230 million by the end of the decade. But what can prevent all those batteries ending up as toxic trash at the end of their life cycles? One possible solution lies with Massachusetts start-up Ascend Elements, which claims it can take spent lithium-ion batteries and make them “better than new”—longer-lasting, faster- charging and less-polluting. While details on Indonesia’s efforts for battery recycling are vague, Pertamina, together with members of Indonesia Battery Holding (IBH), are developing an EV ecosystem which includes recycling.
Bill Russo, CEO of Shanghai-based Automobility Ltd, tells HUB: “With the shift to electric propulsion, upstream stakeholders must focus on how resources are extracted and how energy stored in the battery is generated while downstream stakeholders need to focus on the life of the battery beyond the vehicle and the creation of a circular economy for recovery and reuse of the materials inside the battery.”
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