Automotive News DEC 2019 / by ALEXA ST. JOHN / Read the original article here
VALUABLE COMPONENTS
Some of the materials that can be extracted from lithium ion batteries:
- Cobalt
- Nickel
- Manganese
The U.S. Department of Energy, in collaboration with the National Renewable Energy Laboratory, is hoping to accelerate efforts to collect, store and transport spent and discarded lithium ion batteries through its Lithium-Ion Battery Recycling Prize. It’s part of DOE’s “American-Made Challenges” contest series.
The idea of the $5.5-million prize is to encourage entrepreneurs and others to find innovative ways to capture 90 percent of the spent lithium-based batteries in the U.S. and recover 90 percent of the key materials, such as cobalt and lithium, from the collected batteries.
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