Through this partnership, Young Poong is the first in the global recycling industry to announce a project focused on next-generation solid-state batteries.īased in Woburn, Massachusetts, Factorial Energy is developing breakthrough solid-state batteries that offer longer range per charge and increased safety and aim to be cost-competitive with conventional lithium-ion batteries.
Young Poong's secondary battery recycling technology is the world's first pyrometallurgy process that can recover more than 90% of lithium and more than 95% of nickel, cobalt, and copper from used batteries. "With lithium-metal recycling, we have the opportunity to establish a recycling process well in advance of the future decommissioning of solid-state batteries." Kang In Lee, Representative of Business Division Green Metal Division at Young Poong. "We are pleased to be working with Factorial to advance our research into Lithium-metal recycling for solid-state rechargeable batteries, an industry first," said Mr. The collaboration reflects Factorial's commitment to sustainability and consideration for the end-of-life of its batteries. This partnership is expected to advance Young Poong's exploration into lithium-metal recycling, to create a novel recycling process for automotive-grade lithium metal solid-state batteries. Today, it is estimated in the U.S., less than 10% of lithium batteries are recycled, with experts forecasting that in 2025, production scrap will account for 78% of the pool of recyclable materials from batteries.
0 kommentar(er)
