The Energy Storage Report 2024

Now available to download, covering deployments, technology, policy and finance in the energy storage market

Li-Cycle opens third battery recycling facility at ‘strategic’ southwest US location

LinkedIn
Twitter
Reddit
Facebook
Email

Lithium-ion battery recycler Li-Cycle has opened its third recycling facility, in Arizona.

The facility in the town of Gilbert, Arizona, has the capacity to process up to 10,000 tonnes of battery manufacturing scrap and end-of-life batteries, and is the first to use Li-Cycle’s proprietary technology to directly process full EV battery packs. It will be able to recycle the packs without dismantling them manually, making it safer, more sustainable and labour-efficient, the company said.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Arizona made sense as a location because of its emergence as a key part of the US EV supply chain, as well as its proximity to California, whose large EV consumer and energy storage market should provide an increasing supply of end-of-life batteries, Li-Cycle added. The company only announced its intention to build the Arizona plant in April 2021, making it a quick turnaround for it to go into action.

The Gilbert ‘Spoke’ facility is strategically located close to Li-Cycle’s existing battery and manufacturing scrap supply network in the Southwestern US. It is part of the company’s Hub and Spoke model, with a major Hub in Rochester, New York, expected to come online in 2023.

Spoke facilities will send black mass – containing critical metals like lithium, cobalt and nickel – which will then be processed at the Rochester Hub, which will have the capacity to process 35,000 tonnes of material a year.

A fourth Spoke facility in Alabama is set to open in the third quarter of 2022.

The announcement comes just a week after natural resources giant Glencore invested US$200 million into Li-Cycle which built on a US$100 million investment by Koch Strategic Platforms a few months prior. The company has also secured an off-take and supply deal as well as a combined US$50 million investment from LG Energy Solution and LG Chem, which it closed a few days ago.

The company’s share price currently sits at US$7.60, up around 10% since before yesterday’s announcement, leaving it with a market cap of US$1.3 billion. It went public in a SPAC merger last year.

Its Arizona facility is the second major recycling facility to have started operations this week, with Northvolt and Hydro’s Hydrovolt facility in Norway also launching.

Elsewhere in the US, the country’s largest single-site battery recycling facility is under construction near EV battery gigafactories in Georgia, through startup Ascend Elements, which expects to have it up and running this August. Another US recycling and resources specialist, Redwood Materials, has said it is already receiving about 6GWh of lithium batteries for recycling each year at its facility near Tesla’s Gigafactory One in Nevada.

22 October 2024
New York, USA
Returning for its 11th edition, Solar and Storage Finance USA Summit remains the annual event where decision-makers at the forefront of solar and storage projects across the United States and capital converge. Featuring the most active solar and storage transactors, join us for a packed two-days of deal-making, learning and networking.

Read Next

Premium
April 10, 2024
The BESS industry is looking at ways to leverage the 45x tax credit for domestic cell manufacturing in the US, with the domestic content investment tax credit (ITC) bonus still unclear.
Premium
April 9, 2024
Battery technology startup Alsym Energy is keeping the exact chemistry of its product under wraps for the time being, the company has confirmed to Energy-Storage.news.
Premium
April 9, 2024
A second life energy storage assembly plant has opened in Germany, amidst a rapid fall in battery prices which could threaten the economics of repurposing EV batteries into stationary units.
April 8, 2024
The noise of battery energy storage system (BESS) technology has “exploded” as a concern in the last six months, an executive from system integrator Wartsila ES&O said.
April 8, 2024
US-based startups Torus and Alysm Energy have raised a combined US$145 million to scale up their non-lithium energy storage technology businesses.

Most Popular

Email Newsletter