Li-Cycle Provides Recycling Solutions to Growing Battery Energy Storage System (BESS) Market, Including Supporting Artificial Intelligence Technologies in the U.S.
Li-Cycle recycled battery feedstock from U.S. BESS partners in 2024 that was the equivalent to more than 100 MWh, a 33% increase over the previous year
BESS plays a central role in meeting rapidly growing electricity demand, including supporting growing data center-related energy demand for artificial intelligence (AI) technologies
Li-Cycle is an important ecosystem partner for BESS through providing a safe recycling solution and recovering critical materials, enabling reduced reliance on foreign mineral supplies
TORONTO–(BUSINESS WIRE)–Li-Cycle Holdings Corp. (NYSE: LICY) (“Li-Cycle” or the “Company”), a leading global lithium-ion battery resource recovery company, is pleased to partner with major battery energy storage system (“BESS”) companies across the U.S. to provide expert lithium-ion battery recycling services.
The Company’s BESS partners are an important part of Li-Cycle’s recycling feedstock mix. In 2024, Li-Cycle recycled the equivalent of more than 100 MWh of energy from its BESS partners, which was a 33% increase over the previous year. During Q4 2024, BESS accounted for approximately 27% of the Company’s recycling feedstock in the U.S.
The U.S. energy storage market is expected to almost double from 34.4 GWh in 2024 to approximately 67.5 GWh in 2028, largely driven by grid-scale applications1. By recycling BESS and recovering critical materials in the U.S., Li-Cycle supports domestic energy independence and the onshoring of the energy supply chain.
Ajay Kochhar, Li-Cycle President and CEO, said :
Li-Cycle’s BESS partnerships demonstrate how we can support the electrical grid by providing a valuable service,
“Data centers supporting rapidly growing AI applications have become a leading driver of electricity demand in the U.S.2. BESS is well suited to address the swiftly growing energy needs of AI technologies through on-site energy solutions and supporting grid stability. Li-Cycle is an important BESS ecosystem partner as we provide a safe recycling solution and also recover critical materials already in use at commercial scale in the U.S., reducing reliance on foreign mineral supplies.”
Two examples below illustrate the end-to-end value offering that Li-Cycle delivers to its BESS partners:
Safely Recycling Hazardous Material for a BESS Customer
Li-Cycle received and processed battery modules from a BESS customer that were severely damaged. The modules were shipped as hazardous waste, underscoring the critical need to process the material quickly to maintain compliance and mitigate risk. All modules were received and processed safely and quickly at Li-Cycle’s Arizona Spoke, providing a strong level of service and value-add to Li-Cycle’s BESS customer.
Helping an Environmental Services Company Meet an Urgent Deadline
Li-Cycle assisted an environmental services company to receive and recycle hundreds of tonnes of modules, which was the equivalent of approximately 60 MWh, from a battery energy storage site. Through the Company’s safe and efficient operational process, Li-Cycle was able to empty and reuse crates while working against a critical timeline to avoid impending winter weather that would impact the energy storage site’s availability and working conditions. Li-Cycle met the BESS customer’s urgent schedule, enabling the timely completion of this large-scale project.
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Li-Cycle Provides Recycling Solutions to Growing Battery Energy Storage System (BESS) Market, Including Supporting Artificial Intelligence Technologies in the U.S., source
