Recycling
Lithium-ion batteries are widely used in electric vehicles and portable electronics. Solar cells are increasingly installed to decarbonize the power grid. These electric devices eventually reach their end of life and need to be disposed of. Improper disposal can lead to environmental pollution due to the toxic and hazardous materials contained in them.
Recycling helps in mitigating these risks. Valuable materials such as lithium, cobalt, nickel, and manganese in lithium-ion batteries and silver and aluminum in solar cells can be recovered and reused. This can have significant economic benefits.
Recycling startup
We research early- and growth-stage startups that are developing recycling technologies of lithium-ion batteries and solar cells.
Recycling market
Lithium-ion battery recycling market
The market was valued at USD 6.5 billion in 2022 and is projected to reach USD 35.1 billion by 2031, growing at a compound annual growth rate (CAGR) of 20.6%. The growth of the lithium-ion battery recycling market is driven by several factors, including the increasing popularity of electric vehicles, the implementation of government regulations promoting battery recycling, and the need to reduce environmental pollution.
Solar cell panel recycling market
The global solar panel recycling market is projected to grow significantly in the coming years. The market size was valued at $238.7 million in 2022 and is expected to reach $1.7 billion by 2028, growing at a CAGR of 15.43%. This growth is driven by increasing adoption of renewable energy sources, particularly solar energy, across the globe.