The U.S. Department of Energy will award $5.5 million to companies advancing lithium-ion battery recycling technology, and it will dedicate $15 million to developing a research center focused on the material.
The initiatives will seek to help recover critical materials, such as cobalt and lithium, from consumer electronics, energy storage and other sources, the Department of Energy (DOE) announced today.
"Our goal is the reclaim and recycle critical materials from lithium-based battery technology that's widely used across our society," Energy Secretary Rick Perry said during a presentation. "We aim to reduce our dependence on foreign sources of this material by encouraging entrepreneurs to capture up to 90 percent of America's lithium-based battery technology."
Lithium-ion batteries have a current recycling rate of less than 5 percent in the U.S., according to DOE.
The materials have grabbed more e-scrap industry focus in recent years, in large part because used lithium-ion batteries can cause explosions and fires in processing and transport if they are not handled properly. The battery technology is also being used in an increasing number of products.
The U.S. Department of Energy will award $5.5 million to companies advancing lithium-ion battery recycling technology, and it will dedicate $15 million to developing a research center focused on the material.
The initiatives will seek to help recover critical materials, such as cobalt and lithium, from consumer electronics, energy storage and other sources, the Department of Energy (DOE) announced today.
"Our goal is the reclaim and recycle critical materials from lithium-based battery technology that's widely used across our society," Energy Secretary Rick Perry said during a presentation. "We aim to reduce our dependence on foreign sources of this material by encouraging entrepreneurs to capture up to 90 percent of America's lithium-based battery technology."
Lithium-ion batteries have a current recycling rate of less than 5 percent in the U.S., according to DOE.
The materials have grabbed more e-scrap industry focus in recent years, in large part because used lithium-ion batteries can cause explosions and fires in processing and transport if they are not handled properly. The battery technology is also being used in an increasing number of products.
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