For Corvus Energy recycling services is important to ensure sustainable development and a circular business model.
The transition to a low-carbon economy leads to considerable investments around the world in renewable energy technologies, including electric vehicles (EVs), solar panels and wind turbines. Cobalt and lithium are central to the development and deployments of these technologies— largely due to lithium-ion batteries—and as such, the demand for both minerals has and is predicted to increase substantially.
Cobalt and lithium recycling, as part of the circular economy, offers a solution to overcome these supply chain issues by extracting metals and minerals from products and infrastructure no longer in use. Moreover, increased mineral recycling could contribute to the commitments set out by the Paris Agreement and the 2030 Agenda for Sustainable Development.
As a supplier of Lithium Ion batteries, Corvus Energy take this responsibility very seriously and recycling services is an important part of current and future strategy. We aim for a sustainable lifecycle of the battery through design, manufacturing, first life, second life and all the way to recycling.
Yes. 99,9% of a Corvus Energy ESS can be recycled.
At the 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.