Battery & Electrification Technology - November/December 2024 - 12
Battery Recycling
Companies are exploring second-life applications
for EV batteries, such as energy
storage systems for homes, buildings, and
power grids. By extending the battery life,
companies can maximize value before recycling
is necessary. Additionally, advancements
in recycling technologies promise to
make the process more efficient and
cost-effective, turning what was once considered
waste into valuable resources.
Early adopters of innovative recycling
Modeling and simulation tools can evaluate various recycling methods, assess the return on
investment for different battery chemistries, and optimize manufacturing lines. (Image:
Dassault Systèmes)
single large recycling facility or multiple
smaller ones.
Furthermore, digital platforms enable
better collaboration across the value
chain, ensuring that raw material providers,
manufacturers, and recyclers have access
to real-time information. This transparency
is essential for meeting regulatory
requirements like the EU's Battery Digital
Passport, which aims to establish traceability
throughout the battery›s lifecycle.
Battery recycling is poised for significant
growth, driven by the escalating number of
EVs reaching end-of-life and increasing
regulatory pressures. Developing a robust
used battery market presents a major opportunity
to rethink business models and
unlock new revenue streams.
practices will gain a competitive advantage,
securing supplies of raw materials
and aligning with global sustainability
goals. By investing in research and collaborating
across the industry, companies can
drive the market forward and contribute to
a more sustainable, carbon-free future.
This article was written by Nicolas
Value Consultant,
Dassault
Vallin, Transportation & Mobility Industry
Business
Systèmes (Waltham, MA). For more information,
visit www.3ds.com.
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Battery & Electrification Technology - November/December 2024
Table of Contents for the Digital Edition of Battery & Electrification Technology - November/December 2024
Battery & Electrification Technology - November/December 2024 - Cover1
Battery & Electrification Technology - November/December 2024 - Cover2
Battery & Electrification Technology - November/December 2024 - 1
Battery & Electrification Technology - November/December 2024 - 2
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Battery & Electrification Technology - November/December 2024 - Cover3
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