Kore Power Inc., a developer of high-density, high-voltage energy storage solutions based in Coeur d’Alene, Idaho, has signed a memorandum of understanding (MOU) to enter into a strategic partnership with Renewance Inc., Chicago, to collaborate on battery recycling projects for Kore Power batteries.
Renewance provides software solutions, consulting and project management services for battery end-of-life liabilities. The company has knowledge of regulations related to industrial battery storage, packaging, transportation and recycling. It also has a network of logistics, field service and recycling partners, which will help Kore Power be able to transport and recycle lithium-ion batteries that have reached their end of life.
According to a news release from Kore Power, the partnership will facilitate the proper disposal of Kore Power’s Mark 1 battery cells at their end of life and will create an opportunity for used battery materials to be reused in new batteries. Also, Renewance will help Kore Power in implementing environmentally responsible recycling processes.
“This partnership with Renewance is a significant step towards enabling us to implement strong sustainability practices,” says Lindsay Gorrill, CEO of Kore Power.
“This alliance will enable Kore Power to deliver cost-effective and environmentally friendly reuse and recycling solutions to their customers,” says Dave Mauer, vice president of sales and services at Renewance. “Renewance brings a wealth of experience and expertise on industry best practices and regulatory considerations to all reverse supply chain projects.”
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