DOE Announces Battery Recycling Prize Phase III Winners
The U.S. Department of Energy (DOE) recently announced the four Phase III winners of the Lithium-Ion Battery Recycling Prize. The multiphase competition incentivized American entrepreneurs to develop and demonstrate processes that, when scaled, have the potential to profitably capture 90% of all discarded or spent lithium-based batteries in the U.S. for eventual recovery and reintroduction of key materials into the U.S. supply chain.
Li Industries (Blacksburg, Va.), Renewance (Chicago, Ill.), Smartville (San Diego, Calif.), and Titan Advanced Energy Solutions (Sommerville, Mass.) were named the four Phase III winners and will share the $2 million prize evenly. Over its three phases, the competition awarded $5.5 million to 15 teams around the country.