BatX Energies, has announced the launch of its “Buy Back Battery Programme”, aiming to make India energy sufficient by battery lifecycle solutions contributing to circular economy, the company said in a statement.
Batx Energies is the only company in India, working on both Lithium-ion battery manufacturing as well as lithium-ion battery recycling, the statement observed.
Under this programme, BatX Energies take back batteries from the market and harvest the good cells from them, understanding the life and state of health of those cells and putting them back for stationary applications by developing Li-ion batteries for inverters and solar storage batteries. Batx offers a 10 percent buyback cost to its electric vehicle OEM’s clients like electric rickshaw and electric two-wheelers manufacturers who can further offer this as a value addition to their customers.
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Li-ion batteries are treated as waste after first life application, but at the end of its life, an expert handling that meets the safety requirements set by law along with the right use of technology helps a lot of material to be recovered from these batteries and can be reused into the battery supply chain, the release noted.
The lithium – ion industry is expected to reach 132 GHW in 2030 and grow at a significant rate in the next five years, according to BatX.
According to Vikrant Singh, Co-Founder and CTO, BatX Energies Pvt Ltd, “Refurbishing of Li-ion batteries will play an imperative role in the growth of electric transportation industry. At BatX Energies, we work together with our customers to build smart and sustainable solutions for ensuring the circulation of valuable materials and the removal of harmful substances from the material cycle and aim to solve the global problem of end-of-lifecycle of a lithium-ion battery. With our buy-back programme, we create a secondary supply to meet the demand for critical battery materials through innovative recycling technology”.
BatX has the appropriate logistics networks for the safe transportation of lithium-ion batteries. The recycling of these batteries results in the reduction of energy consumption further reducing the wastage of natural resources also to make India self-sufficient with these battery recycling services by extracting scarce metals like cobalt, nickel, lithium and other materials to make India’s battery garden material supply chain stronger.
BatX Energies provide an innovative solution to fill this gap through in house developed recycling and resource recovery process which is capable of recovering lithium, nickel and cobalt up to 90 per cent purity.
