Repurposing and Recycling of Li Ion Batteries
The value of global Li- ion Battery (LIB) market is projected to reach US$127.8 Billion by 2027.
Limited resources and the rise of raw material prices are expected to become a challenge to implement electrification of transportation and adoption of large scale renewable energy sources such as solar and wind due to storage shortage.
PRO is working toward the development of a circular economy for the LIB in partnership with Electrovaya, a leading battery developer and supplier to repurpose, recondition and reuse batteries along with recycling and recovery of the valuable materials with high purity at end of life..