Specialized expertise to get you the financing you need to accomplish your business goals.
ALTUM Partner has over 40 years of experience and is a national provider of capital financing. We have an innovative structuring expertise paired with relationships with a special niche of lenders enabling us to customize financing for projects ranging from $1 million to $250 million and more. We take pride in our extensive lending expertise and our knowledge of the government funding programs available to fully develop your recycling projects. We’ll guide you through all the processes necessary to get you the funding that you need allowing you to concentrate on running your business.
Why does lithium battery recycling matter?
1. Reduces Environmental Pollution and Waste
Recycling lithium batteries prevents them from ending up in landfills where they can leak hazardous materials like heavy metals into the soil and groundwater. Proper recycling ensures safe handling and disposal of battery components.
2. Conserves Limited Natural Resources
Lithium batteries contain valuable metals like lithium, cobalt, nickel, and manganese which are finite natural resources. Recycling recovers these materials so they can be reused, reducing the need for environmentally-damaging mining of virgin resources.
3. Creates Sustainable Supply Chain
As demand for lithium batteries surges, especially for electric vehicles, recycling provides a sustainable source of materials to reintegrate into new battery production. This helps secure the supply chain and reduces reliance on geopolitically-concentrated mineral sources.
4. Generates Economic Opportunities
Battery recycling creates jobs in the recycling industry and generates revenue streams. It also enables development of domestic recycling capabilities, reducing dependence on exporting spent batteries overseas for processing.
5. Improves Battery Performance
Innovative recycling processes can produce cathode materials with enhanced structures that enable better battery performance, longer life, and faster charging compared to batteries with new cathode materials.
Lithium battery recycling is crucial for minimizing environmental impacts, conserving scarce resources, establishing sustainable supply chains, fostering economic growth, and potentially improving battery technology itself – making it an imperative for the transition to electric mobility and renewable energy storage.
