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News & Insights
2024-06-07
14:14
Europe’s first complete value chain for the reuse of electric car batteries being built in Norway
Stena Recycling AS proudly announces the launch of Europe’s first complete and scalable value chain for the reuse and recycling of electric car batteries.
This innovative project is being established at Stena’s new battery management facility in Ausenfjellet, in collaboration with the technology company EV HUB AS. The facility is expected to be completed after the summer of 2024, with a total investment framework of 100 million NOK. Enova is supporting the project with 40 percent, capped at 21.8 million NOK.
Increased Need for Lithium Batteries
The rapidly growing electric car fleet in Europe, with at least 30 million electric cars expected by 2030, has led to increased demand for lithium-ion batteries. Stena Recycling's project addresses the need for efficient and environmentally friendly solutions for the reuse and recycling of these batteries.
A circular value chain
Ragnhild Borchgrevink, CEO of Stena Recycling AS, highlights the significance of the facility. “This project focuses on both the reuse and recycling of electric car batteries and will help reduce the carbon footprint and promote a circular economy. With Enova’s support, we can develop new technology and establish a value chain that minimizes the environmental impact of electric car batteries,” she explains.
Capacity and Technology
When fully operational, the facility will be able to handle up to 3,000 tons of high-energy batteries annually, equivalent to 6,000 – 8,000 electric car batteries. The project includes the development of advanced infrastructure, AI algorithms for assessing battery health, innovative disassembly and diagnostic methods, and a modular battery storage bank for second life applications.
Collaboration with EV HUB
EV HUB plays a crucial role in the maintenance and refurbishment of electric car batteries, having developed a unique solution for diagnosing and repairing battery systems. “Our technology provides a detailed overview of the battery’s condition, making it possible to save many electric cars from being scrapped and get them back on the road again,” says Nassir Farooq, CEO of EV HUB AS.
Environmental and economic benefits
The reuse of electric car batteries reduces CO2 emissions and resource consumption, contributing to the transition to a low-emission society. The project will also generate new knowledge and create new jobs within the green energy sector.
About EV HUB AS
EV HUB AS is a technology company focused on digitizing the maintenance market for used hybrid and electric cars, where real-time data collection and the use of AI for optimal renovation of all high-voltage components enable efficient recycling.
About Enova
Enova works for Norway’s transition to a low-emission society. The transition requires us to reduce greenhouse gas emissions, contribute to technology development and innovation, and create new values. Therefore, Enova works to ensure that new energy and climate technology is developed and adopted in the market.
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