October 20, 2022
Where Old EV Batteries Go to Get New Life? Tim Johnston, Co-Founder, Li Cycle Holdings.
October 20, 2022
Original interview published via Driving With Dunne Podcast
Li-Cycle is a lithium-ion battery recycling company co-founded in 2016 by Tim Johnston and Ajay Kochhar, engineers with deep experience in minerals and mining. By 2025, there will be 900,000 tons of end of life batteries that need processing in North America and Europe. Li-Cycle is ramping up capacity to meet that future demand with operations in Arizona, Alabama, New York and Ohio.There are also new headquarters opening in Switzerland and Singapore. In this episode, Austrlaian-native Tim Johnston walks us through what happens to batteries after their cells are depleted. Do they go to a giant battery junkyard? No, battery scrap material and end-of-life batteries are shredded and then recycled into materials for new batteries. Listed on the New York Stock Exchange in 2021, Li-Cycle is now valued at close to one billion dollars.
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