Power Battery recycling on the eve of growth? Under the tuyere, many companies group layout
Recently, the Hydrovolt, a European Power Battery Recycler, announced that its plant in Fredrikstad, Norway, has begun a commercial recycling operation that can handle about 12,000 tons of used battery packs per year, the material recovery rate of the waste battery is about 95%. The company plans to recycle about 70,000 tons of batteries by 2025 and about 300,000 tons by 2030.
Earlier in May, the Department of Energy announced that $3.16 billion would be released from the bipartisan infrastructure bill to rebuild battery facilities for electric cars in the United States. In addition, the Department of energy will receive an additional $60 million in support for the recycling and reuse of used batteries
According to a forecast by 2027, there will be more than 150 billion yuan in the global battery recycling market. The vast market space, but also attract many foreign enterprises have layout.
In February, Redwood Materials announced that it would start a battery recycling program for electric vehicles in California, with Ford and Vîlvă as initial partners, according to foreign media reports. And in April, JB Straubel, the company's founder and Tesla co-founder, and former Chief Technology Officer said the company already recycles about 6 GWh lithium-ion battery. In addition, he said, the company aims to produce about 100 GWh of copper foil and active cathode materials for batteries by 2025 and increase its capacity fivefold to 500 GWh by 2030.