By 2040, an estimated 559 million electric vehicles will be on the road worldwide. Furthermore, the capacity of global lithium-ion battery energy storage installations is projected to skyrocket over 50 times during that same time. While lithium-ion batteries continue to play an increasingly critical role in the global transition toward electrification, the world lacks a viable option for dealing with the rapidly growing volumes of spent lithium-ion batteries. Li-Cycle™ provides a solution for this gap through an innovative and sustainable resource recovery process.
Li-Cycle Technology™ is a closed loop, economically viable, safe, sustainable and scalable processing technology that provides a solution to the global lithium-ion battery recycling problem. The technology recovers 80-100% of all materials found in lithium-ion batteries.