Press Releases

May 13, 2021

Li-Cycle Recognized for its World Changing Technology

Fast Company World Changing Ideas logo and blue Li-Cycle logo overlaid on a photo of clouds

Li-Cycle’s Spoke & Hub Technologies™ named finalist in Fast Company’s World Changing Idea Awards for 2021

TORONTO, Ontario (May 13, 2021)Li-Cycle Corp. (“Li-Cycle” or “the Company”), an industry leader in lithium-ion battery resource recovery and the largest lithium-ion battery recycler in North America, today announced that it has been recognized by Fast Company’s World Changing Ideas Awards for its innovative technology playing an important role in building a better world.

Fast Company’s World Changing Ideas Awards honour businesses, policies, projects, and concepts that are actively engaged and deeply committed to pursuing innovation. Fast Company received an all-time record of entries this year and Li-Cycle’s Spoke & Hub Technologies™ was selected both as a finalist in the General Excellence category and an honourable mention in the Best World Changing Idea North America category. Li-Cycle’s technology applies a low temperature, wet chemistry processing approach to recycling all types of lithium-ion batteries and is able to recover up to 95% of the critical, finite materials within these batteries, bringing them back into the economy.

“We are thrilled to have our innovative and proven lithium-ion battery recycling technology recognized as a World Changing Idea by Fast Company,” said Ajay Kochhar, President, CEO and co-founder of Li-Cycle.  “Our technology is critical for the growth of the electric vehicle revolution, enabling a sustainable, affordable, abundant and circular supply of the batteries that are playing an increasingly important role in powering the global economy.”

Now in its fifth year, the World Changing Ideas Awards showcase 33 winners, more than 400 finalists, and more than 800 honourable mentions—with Health and Wellness, AI & Data among the most popular categories. A panel of eminent Fast Company editors and reporters selected winners and finalists from a pool of more than 4,000 entries across transportation, education, food, politics, technology, and more. Plus, several new categories were added, including Pandemic Response, Urban Design, and Architecture. The 2021 awards feature entries from across the globe, from Brazil to Denmark to Vietnam.

“There is no question our society and planet are facing deeply troubling times. So, it’s important to recognize organizations that are using their ingenuity, impact, design, scalability, and passion to solve these problems,” says Stephanie Mehta, Editor-In-Chief of Fast Company. “Our journalists, under the leadership of senior editor Morgan Clendaniel, have discovered some of the most groundbreaking projects that have launched since the start of 2020.”

About Li-Cycle Corp.

Li-Cycle is on a mission to leverage its innovative Spoke & Hub Technologies™ to provide a customer-centric, end-of-life solution for lithium-ion batteries, while creating a secondary supply of critical battery materials. Lithium-ion rechargeable batteries are increasingly powering our world in automotive, energy storage, consumer electronics, and other industrial and household applications. The world needs improved technology and supply chain innovations to better manage battery manufacturing waste and end-of-life batteries and to meet the rapidly growing demand for critical and scarce battery-grade raw materials through a closed-loop solution. For more information, visit

About World Changing Ideas.

World Changing Ideas is one of Fast Company’s major annual awards programs and is focused on social good, seeking to elevate finished products and brave concepts that make the world better. A panel of judges from across sectors choose winners, finalists, and honorable mentions based on feasibility and the potential for impact. With the goals of awarding ingenuity and fostering innovation, Fast Company draws attention to ideas with great potential and helps them expand their reach to inspire more people to start working on solving the problems that affect us all.


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