For us at Corvus Energy environment is of top priority. This makes recycling services important to ensure sustainable development and the implementation of a circular business model.
The transition to a non-fossil based economy has led to large investments around the world in the field renewable energy technologies. This includes fields like electric vehicles (EVs), solar panels and wind turbines.
Cobalt and Lithium are minerals that are central in the development and production of these components. This makes the demand for both expected to continuously rise. Cobalt and Lithium may be recycled by extracting the minerals from products and infrastructure no longer in use. This will help meet environmental milestones as decided by Paris Agreement and 2030 Agenda for Sustainable Development.
As a supplier of Lithium-ion batteries, Corvus Energy take environmental responsibility seriously and recycling services is an important part of our strategy in its entity. Our main goal is to maintain sustainable lifecycle of the battery from design all the way through its first/second life to end recycling.
Yes. 99,9% of a Corvus Energy ESS may be recycled.
At this point in time the amount of recycling is limited as most of our ESS are still in the first life. Volume will lower the cost substantially.
Corvus Energy does provide services to take back batteries after end of design life.
At end of first life the ESS has a capacity of approximately 70% . Corvus Energy can offer second life services provided we have a monitoring agreement through the first life to ensure the health of the battery.