Industry

Lithium-ion Batteries

Client

Nowos

Developping new opportunity for refurbished batteries

Developping new opportunity for refurbished batteries

From battery repair to repurposing for energy storage

Brought on to research and develop a new business segment in early 2023, Recraft has helped Nowos identify customers in the energy storage space in need of a sourcing partner for second life cells and modules. We have successfully found customers and inspired Nowos to explore this route seriously. Activities: - Customer Segementation - Outreach - Attending tradeshows - Networking - Technical Sales - Project Management - Strategic Partnerships Initiatives - Sustainability Insights As a result of this work, Nowos now invests in key EV and Battery Energy Storage System manufacturer relationships to ensure steady supply of unused modules to refurbish and make them available for a secondary market in energy storage. _____________________ Nowos BV is a Dutch company offering consulting and manufacturing services around lithium-ion batteries including repair, repurposing, and remanufacturing offering cost-effective and environmentally responsible solutions. They are determined to drive sustainability in the lithium battery industry and shape a greener future by enabling a circular value chain. The opportunity in repuposing: Typically, when a battery is no longer useable for its first use, it is taken to a recycling center. In that recycling center, the battery is usually taken apart, crushed into 'black mass'. However, these batteries that arrive are at the recycling center are for the most part still useable if repaired and repurposed. There is a gap in the value chain between the first use of a battery and the moment it is taken to a recycling center. With repair and repurposing, batteries can be reused in multiple applications before becoming unusable and destined to be crushed. Challenges to this include regulations, certification and transport of batteries as well as know-how which prohibits electronices manufacturers and retailers from considering these extra steps. However, repairing and repurposing have benefits. It can create additional revenue streams, extend the life of a battery which pushes back the need for a new battery and goes in line with circular economy initiatives and regulations such as CSRD (Corporate Sustainability Reporting Directive) as well as promote customer loyalty. Problem: Manufacturers and retailers are not always aware of this opportunity and often do not have the infrastructure set up. Batteries that are new with cosmetic defects, or barely used with over 95% remaining capacity are often sent to be recycled instead of repaired or reused. Nowos intervenues in this segment in order to give these valuable batteries a second life.

Brought on to research and develop a new business segment in early 2023, Recraft has helped Nowos identify customers in the energy storage space in need of a sourcing partner for second life cells and modules. We have successfully found customers and inspired Nowos to explore this route seriously. Activities: - Customer Segementation - Outreach - Attending tradeshows - Networking - Technical Sales - Project Management - Strategic Partnerships Initiatives - Sustainability Insights As a result of this work, Nowos now invests in key EV and Battery Energy Storage System manufacturer relationships to ensure steady supply of unused modules to refurbish and make them available for a secondary market in energy storage. _____________________ Nowos BV is a Dutch company offering consulting and manufacturing services around lithium-ion batteries including repair, repurposing, and remanufacturing offering cost-effective and environmentally responsible solutions. They are determined to drive sustainability in the lithium battery industry and shape a greener future by enabling a circular value chain. The opportunity in repuposing: Typically, when a battery is no longer useable for its first use, it is taken to a recycling center. In that recycling center, the battery is usually taken apart, crushed into 'black mass'. However, these batteries that arrive are at the recycling center are for the most part still useable if repaired and repurposed. There is a gap in the value chain between the first use of a battery and the moment it is taken to a recycling center. With repair and repurposing, batteries can be reused in multiple applications before becoming unusable and destined to be crushed. Challenges to this include regulations, certification and transport of batteries as well as know-how which prohibits electronices manufacturers and retailers from considering these extra steps. However, repairing and repurposing have benefits. It can create additional revenue streams, extend the life of a battery which pushes back the need for a new battery and goes in line with circular economy initiatives and regulations such as CSRD (Corporate Sustainability Reporting Directive) as well as promote customer loyalty. Problem: Manufacturers and retailers are not always aware of this opportunity and often do not have the infrastructure set up. Batteries that are new with cosmetic defects, or barely used with over 95% remaining capacity are often sent to be recycled instead of repaired or reused. Nowos intervenues in this segment in order to give these valuable batteries a second life.

Why is this relevant to the circular economy?

Battery waste is still a serious problem in Europe. Despite the fact that up to 95% of lithium-ion batteries can be retrieved, only 5% of EV batteries are currently being recycled. This is often due to a lack of battery recycling frameworks, poor infrastructure and informal recycling. Battery recycling is essential the the circular economy, as it can reduce the need to mine new materials and limit dependence on imports. But lithium-ion battery recycling is barely in use today. Most industry experts confirm that not more than 5% of used lithium batteries are currently being recycled (Source: American Chemical Society (CAS). We are proud to support Nowos in their journey to enabling a circular battery value chain in Europe.

2024 Copyright Husk and Stone, Recraft Ventures. Registration number kvk 89016858

2024 Copyright Husk and Stone, Recraft Ventures. Registration number kvk 89016858

2024 Copyright Husk and Stone, Recraft Ventures. Registration number kvk 89016858