The influx of affordable Chinese green products is pressuring local industries in major economies, particularly the U.S. and Europe, driving down prices and potentially stifling domestic innovation due to competitive disadvantages.
Battery prices reached an all-time low in 2023 led by the moderation in raw material prices amid the increase in production across the value chain
India is investing in facilities and infrastructure to recycle batteries and recover valuable materials like lithium, cobalt, and nickel. By doing this, we can reduce our need for new materials and minimize the environmental impact of battery production.
Overcoming industry challenges requires collective efforts and partnerships that foster innovation and shared growth. This is why digital ecosystems are now becoming the buzz words and a necessity for the manufacturing companies in the renewable energy value chains.
Nitin Gupta, CEO and co-founder of Attero (India’s largest end-to-end e-waste management and Li-ion battery recycling company), shares the prospects of lithium battery recycling in India, recycling methods in use, and approaches to make the process efficient and green.
The partnership with Exide Energy enables Hyundai Motor and Kia to equip their future electric vehicles (EVs) in the Indian market with locally produced lithium-iron-phosphate (LFP) batteries.
Panasonic Energy and IndianOil have started discussing the framework for the formation of joint venture to manufacture cylindrical lithium-ion batteries in India. The JV will cater to the battery demand for two- and three-wheel vehicles and energy storage systems in the Indian market.
Researchers in Australia have compared the technical and financial performances of a hydrogen battery storage system and a lithium-ion battery when coupled with rooftop PV. They evaluated two commercially available systems – LAVO and Tesla Powerwall 2 – and found that the lithium-ion battery provides better financial profits, whereas the hydrogen battery offers more battery lifespan for long duration of energy storage.
India’s ascent in the Li-ion battery recycling industry can be a win-win for its clean energy ambitions and economic development. By addressing the existing challenges and embracing opportunities, India can be a beacon of light for the rest of the world.
Lithos applied for a $30 million DOE grant, which will help increase the facility’s capacity to sustainably process lithium hydroxide.
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