Battery Recycling and Repurposing
An industry centered around industrial battery recycling and repurposing is emerging. With hundreds of millions of lithium ion batteries being deployed in the energy and mobility markets, concern about what happens when they reach the end of life is growing, particularly from the perspectives of safety, environmental protection and recovery of precious materials.
Lithium ion batteries are Class 9 hazardous materials and are subject to the US EPA Resource Conservation and Recovery Act when destined for end-of-life treatment. As such, strict regulations regarding their collection, transportation, aggregation, sorting, recycling or repurposing apply when they come off the market. It is estimated that by 2030, 11 million tons of lithium ion batteries alone will have to be recycled.
This emerging battery recycling and repurposing industry is built on compliance — not only with federal, state and local regulations, but also in accordance with best environmental stewardship standards. For instance, Renewance does not condone exporting waste batteries for trade to developing countries where they may ultimately end up in a landfill. Our mission is to help you repurpose or recycle in an environmentally appropriate manner. The market for repurposed precious battery materials has been estimated at over $8 billion annually.