Renewance Achieves Milestones in Industrial Battery Management

Sander Jacobs, Co-founder and CCO ● Photo Credit: Renewance, Inc.

CHICAGO, June 25, 2024 (VSNewsNetwork.com) - Renewance, Inc., a provider of industrial battery services and asset management software, has announced significant milestones in its operations. The company has assisted businesses in commissioning and servicing over 20 GWh, decommissioning over 100 MWh, and managing the recycling of more than 3,000 tons of batteries.

The demand for lithium-ion batteries is expected to grow by over 30% annually, reaching a market size of 4.7 TWh and $400 billion by 2030, according to a 2022 analysis by McKinsey & Company. Renewance supports the energy storage system and electric vehicle sectors through a range of services that include safe and sustainable deployment, operations, and end-of-life management of battery-based applications.

The company offers product stewardship software solutions and expert services through a team of certified battery field services technicians and a comprehensive life cycle management platform. These services ensure optimized battery performance, regulatory compliance, and responsible recycling or repurposing.

The disposal of lithium-ion batteries at the end of their lifecycle poses significant environmental challenges. Improper disposal can lead to the contamination of soil and groundwater with hazardous substances such as cobalt, nickel, manganese, and lithium-fluoride salts. Additionally, lithium-ion batteries pose a fire risk if not handled correctly.

“We provide clients a one-stop-shop solution for decommissioning, collecting, re-using or recycling services from trusted partners, in the most cost competitive, eco-friendly and compliant manner,” said Sander Jacobs, CCO at Renewance.

Founded in 2015 by veterans in battery energy storage, Renewance was established to address the lack of end-to-end logistics and recycling services for industrial batteries and to provide expert guidance on complex industrial battery management regulations. The company has been recognized for its expertise, winning Phase 3 of the U.S. Department of Energy’s Lithium-Ion Battery Recycling Prize, and is approved by the U.S. Environmental Protection Agency as an importer and exporter of hazardous waste.

Renewance's Renewance Connect™ digital platform is a purpose-built SaaS solution that enables clients to manage their battery assets effectively and responsibly throughout their lifecycle. Key features of the platform include asset management, warranty management, operations and maintenance, regulatory compliance, and end-of-life management. The platform provides comprehensive dashboards for real-time monitoring, automates warranty processes, plans and manages maintenance activities, and ensures regulatory compliance.

For more information, visit https://batterystewardship.com.

Source: Renewance, Inc. via Newswire