US energy department announces battery recycling prize and battery recycling R&D center

The US Department of Energy (DoE) announced the launch of a »Lithium-Ion Battery Recycling Prize« and the establishment of an associated Battery Recycling R&D Center to reclaim and recycle critical materials (e.g., cobalt and lithium) from lithium-based battery technology used in consumer electronics, defense, energy storage, and transportation applications. The goal of Recycling Prize and R&D Center is to develop technologies to profitably capture 90 percent of all lithium based battery technologies in the United States. Currently, lithium-ion batteries are collected and recycled at a rate of less than 5 percent.
The Battery Recycling Prize will encourage American entrepreneurs to find innovative solutions to collecting, storing, and transporting discarded lithium-ion batteries for eventual recycling. It will award cash prizes totaling $5.5 million to contestants in three progressive phases designed to accelerate the development of solutions from concept to prototype to demonstration.

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