Recycling Product News Logo

Li-Cycle wins BIG Innovation Award for lithium-ion battery recycling technology

2021 Big Innovation award logo

Li-Cycle, North America's largest lithium-ion battery recycling company, has been named a winner of a 2021 BIG Innovation Award presented by the Business Intelligence Group. 

"More than ever, the global society relies on innovation to help progress humanity and make our lives more productive, healthy and comfortable," said Maria Jimenez, chief operating officer of the Business Intelligence Group. "We are thrilled to be honouring Li-Cycle as they are one of the organizations leading this charge and helping humanity progress."

From across the globe, numerous organizations submitted their recent innovations for consideration in the BIG Innovation Awards. Nominations were then judged by a select group of business leaders and executives who volunteer their time and expertise to score submissions.

"It's very exciting to have Li-Cycle's Spoke & Hub Technology recognized, and to receive this 2021 BIG Innovation Award," said Li-Cycle CEO Ajay Kochhar. "This is an award that highlights the value in our solution toward making end-of-life batteries a resource and not a waste - we're honoured to be recognized for that. Our goal is to keep working to achieve a truly closed-loop system within the lithium-ion battery supply chain."

Li-Cycle is on a mission to leverage its innovative solutions to address an emerging and urgent global challenge. Lithium-ion rechargeable batteries are increasingly powering the world in industrial energy storage, automotive, and consumer electronic applications. The world needs improved technology and supply chain innovations to better recycle these batteries, while also meeting the rapidly growing demand for critical, finite battery materials.

According to the Circular Energy Storage's (CES) recent studies, over 2 million tonnes per year of lithium-ion batteries are forecasted to reach their end-of-life globally by 2030. By 2040, an estimated 559 million electric vehicles will be on the road worldwide. The capacity of global lithium-ion battery energy storage installations is projected to skyrocket over 50 times during that same period. Given this significant growth in the lithium-ion battery market, safe and sustainable solutions are required for the end-of-life of these batteries.

Li-Cycle's Spoke & Hub Technologies recycles all types of lithium-ion batteries, with a recovery rate of ≥95 percent of all battery-grade materials found in Li-ion batteries, including lithium, cobalt, and nickel.

The company was also named to the World Circular Economy Forum's list of Circular Economy Solutions Inspiring the World, a 2020 and 2021 Global Cleantech 100 Company by the Cleantech Group and a finalist in the in the 10th Annual BusinessGreen Leaders Awards.

Company info

2351 Royal Windsor Drive, Unit 10
Mississauga, ON
CA, L5J 4S7

Website:
li-cycle.com

Read more

More from Industry News

Sponsored Brought to you by: Machinex Logo

Discover the main features of a reliable & efficient baler

Single-Ram and II-Ram High-Capacity Balers

At Machinex, we've been designing sorting systems for over 35 years, so we know how essential it is for MRF operators to have a baler they can trust and not worry about its operational reliability. This is why we design and manufacture reliable single-ram and II-ram high-capacity balers to specifically help optimize their operations.

 Watch the video of our expert who presents the main features of Machinex balers delivering these important benefits:

  • Easy & accessible maintenance
  • Reduced maintenance & bale handling costs
  • Energy savings
  • Optimal bale density
Learn more
Sponsored Brought to you by: Komptech Americas LLC. Logo

How to streamline C&D waste processing to increase profitability

For C&D recyclers, waste haulers, demolition contractors and landfills, there is a growing opportunity to profit from rethinking processes. Although every operation is different, by streamlining the front end of the C&D operation processes with purpose-built technologies, recyclers can tap into new end markets, accommodate higher material volumes, stay ahead of regulatory restrictions, increase recovery rates and add commodity revenue, while decreasing labor and other costs.

Download the new eBook to learn about:

  • Finding opportunities in the alternative to landfilling C&D
  • How facilities can increase their profits from C&D
  • Using the right C&D processing technology in the right locations
Learn more

Get our newsletter

Subscribe to our free magazine

Get Our Magazine

Paper or Digital delivered monthly to you

Subscribe or Renew Learn more

Get our newsletter

Subscribe to our free magazine

Get Our Magazine

Paper or Digital delivered monthly to you

Subscribe or Renew Learn more