Battery Resourcers Signs Agreement with with American Honda Motor Co to Recycle Lithium-ion Batteries

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  • Honda’s batteries will initially be processed by the company’s recently expanded site in Worcester, Mass. and later at a new commercial scale plant that will be operational in the spring of 2022
  • With 97 per cent metal recovery, Battery Resourcers currently produces Nickel Manganese Cobalt (NMC) based cathode active materials

Battery Resourcers, a vertically integrated lithium-ion battery recycling and manufacturing company, announced an agreement with American Honda Motor Co. to recycle Honda & Acura Electric Vehicles (EV) batteries.

Honda’s batteries will initially be processed by the company’s recently expanded site in Worcester, Mass. and later at a new commercial scale plant that will be operational in the spring of 2022. The new site will be capable of processing more than 20 million pounds of batteries.

The safe and affordable recycling of spent lithium-ion batteries is a significant challenge for carmakers and battery manufacturers, especially since millions of EVs are expected to hit the road in the coming years and new regulations mandate recycling of spent batteries and the use of recycled metals in new batteries. Battery Resourcers and Honda will also work together to improve recyclability and to reintegrate recycled material back into Honda’s material supply chain.

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Battery Resourcers CEO Mike O’Kronley said, “We are proud to work with sustainably minded companies like Honda to revolutionize the lithium-ion supply chain and build a more sustainable future. Our innovative, closed-loop recycling process addresses environmental and regulatory issues while unlocking the hidden value in spent lithium-ion batteries. As a result, we can provide safe, convenient and environmentally responsible recycling solutions at an affordable cost.”

Founded in 2015 as a spinout from the lab of Prof. Yan Wang at Worcester Polytechnic Institute, Battery Resourcers recently completed a $20 million Series B equity round with financing led by Orbia Ventures, the venture capital arm of the multinational Orbia, and other investors including At One Ventures, TDK Ventures, TRUMPF Venture, Doral Energy-Tech Ventures and Jaguar Land Rover’s In-Motion Ventures.

New approach to lithium-ion battery manufacturing

Battery Resourcers offers a fundamentally new approach to lithium-ion battery manufacturing, starting with a mixed stream of used lithium-ion batteries and ending with the production of finished, battery-ready cathode active materials. With 97 per cent metal recovery, Battery Resourcers currently produces Nickel Manganese Cobalt (NMC) based cathode active materials.

Honda’s batteries will initially be processed by the company’s recently expanded site in Worcester, Mass. and later at a new commercial scale plant that will be operational in the spring of 2022. The new site which will be capable of processing more than 20 million pounds of batteries.

 

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