- InoBat and its recycling partners have proven that the company can utilise key materials from recycled batteries to produce new batteries
- New batteries using recycled materials perform in line with batteries produced from new materials
London 20th June 2022: InoBat Auto (“InoBat” or the “Company”), the European pioneer of premium electric vehicle battery R&D, engineering and production, is delighted to announce that it has reached a key milestone in the development of its design capabilities, proving that recovered key materials from used batteries can be re-used in the production of new batteries.
Alongside its recycling partners, InoBat has confirmed using its cell optimisation and design mechanisms to prove that recovered active cathode material from end-of-life batteries can then be used in the production of new batteries. The batteries produced from recycled materials perform in line with batteries made from entirely new material and is a key milestone for InoBat, reinforcing the Company’s circular economy capabilities and “cradle-to-cradle approach”.
Today’s announcement is a key milestone, not only for InoBat but also for the battery and electric (EV) industries in general. The transition to battery powered vehicles is fundamental to reducing global warming, however, the production of EV batteries is a carbon-intensive process and mining raw materials can be damaging to the environment. The optimisation process that InoBat has developed significantly reduces the impact of battery manufacture, lowering the need to source new raw material and minimising the carbon emissions associated with battery production. With OEMs increasingly pledging to use recycled materials in the production of their vehicles, as well as more stringent recycling regulations in the EU and globally, InoBat’s sustainable, cost-effective process will support these efforts.
Marian Bocek, CEO of InoBat Auto, commented:
“Reducing the environmental impact in the manufacture of new batteries is a key aim of InoBat. Our cradle-to-cradle approach is central to everything we do and we would not be happy to call ourselves a sustainable business if we could not recycle our products at the end of their usable life. Today’s announcement is a significant milestone in our journey as we can now prove that, not only does our cradle-to-cradle approach work, but that it works well, with the batteries produced from recycled battery materials performing in line with those produced from entirely new materials.”
Doug MacAndrew, CTO of InoBat Auto said:
“I am incredibly grateful to our talented engineers who have made today’s announcement possible. The EV battery industry is growing exponentially, but the strength of our research and development teams, and their ability to innovate and create leading products and processes, ensures we retain a differentiated position in a competitive market.”
NOTES TO EDITORS
About InoBat Auto
InoBat Auto specializes in pioneering research, development, manufacture, supply, recycling, and ultimate careful disposal of innovative electric batteries custom-designed to meet the specific requirements of global mainstream and specialist OEMs within the automotive, commercial vehicle, motorsport, and aerospace sectors. InoBat’s provides innovative solutions across the entire value chain thanks to its “cradle-to-cradle” approach, which showcases the concept of a circular economy. InoBat is backed by a strong consortium of strategic investors and partners such as Rio Tinto, Amara Raja, Ideanomics, IFC, CEZ, IPM Group, Matador, AEN, CSG and Across. A European-based battery manufacturer, InoBat already has a battery research and development facility and pilot line under development in Slovakia. InoBat has also been approved for grant financing under the EU sponsored programme, Important Projects for Common European Interest, and already received a grant from the Slovak Government.
InoBat is also backed by strategic cornerstone investors and co-developers including Rio Tinto, Ideanomics, Amara Raja and the private arm of the World Bank, the IFC. These will allow the Company to complete its R&D centre and pilot plant in Slovakia for which construction has commenced. The facility is due to be operational in the beginning of 2023 and targeting an initial 1GWh of capacity once complete in 2024. InoBat has also recently opened its UK office at the University of Warwick Science Park.
For more information and news on InoBat, please visit https://inobatauto.eu/.
Contacts
Katarina Stryckova, InoBat Auto