A new report from Navigant Research examines key recycling methods and strategies for major advanced battery technologies that are commercially available for transportation and grid storage.
With growing demand for grid-scale and electric vehicle battery storage, advanced battery stakeholders are increasingly concerned about mitigating the life cycle impact of these systems. Efforts are underway to better understand the recycling process and to lower the costs and environmental impacts involved. Click to tweet: According to a new report from @NavigantRSRCH, recycling is an opportunity for advanced battery stakeholders to integrate responsible, profitable business practices into their go-to-market strategies.
Early markets for advanced batteries opened around 2010, and now the industry is seeing its first major wave of retired advanced battery assets, says Ian McClenny, research analyst with Navigant Research. In the past, advanced battery manufacturers, integrators, end users, and even legacy battery recycling companies did not factor retirements into their business models, but that is changing as they become more aware of the opportunity to lower total cost of ownership, increase profits, and reduce environmental impact.
According to the report, recycling presents an opportunity for system owners to increase profit margins and decrease their footprint, in addition to providing benefits to other stakeholders. While second-life use has been a viable option for some in the battery industry, the economical and environmentally friendly recycling of advanced battery systems would benefit all stakeholders.
The report, Novel Recycling Strategies Expand the Value Proposition of Advanced Batteries, examines key recycling methods and strategies for major advanced battery technologies that are commercially available for transportation and grid storage. These methods are classified by their traditional specifications, reported shortcomings, and future roadmap for improvement. Navigant Research outlines the primary battery system components for advanced batteries and how they should be considered when recycling. The study also explores competing end-of-life strategies and provides recommendations on incorporating recycling procedures in the supply chain for governments, manufacturers, and business owners. An Executive Summary of the report is available for free download on the Navigant Research website.
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About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The teams research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Energy Technologies, Utility Transformations, Transportation Efficiencies, and Buildings Innovations sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
Navigant Consulting, Inc. is a specialized, global professional services firm that helps clients take control of their future. Navigants professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage and/or protect their business interests. With a focus on markets and clients facing transformational change and significant regulatory or legal pressures, the Firm primarily serves clients in the healthcare, energy and financial services industries. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigants practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com.
* The information contained in this press release concerning the report, Novel Recycling Strategies Expand the Value Proposition of Advanced Batteries, is a summary and reflects Navigant Researchs current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the reports conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.
Lindsay Funicello-Paul, +1-781-270-8456