Cirba Solutions

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Cirba Solutions and EcoPro Innovating the Closed-Loop Circular Battery Economy

📅 Date:

🔖 Topics: Partnership, Circular Economy

🏢 Organizations: Cirba Solutions, EcoPro

Cirba Solutions, the premiere battery recycling and battery materials company, is collaborating with EcoPro Co Ltd (“EcoPro”), a global leader in lithium-ion battery cathode materials, under a signed Memorandum of Understanding (“MOU”) to enhance innovative elements of the lithium-ion battery recycling business.

This strategic alliance brings together key leaders in the market focused on a circular battery supply chain. EcoPro will leverage Cirba Solutions recycled materials to produce precursor cathode active material (PCAM) and cathode active material (CAM). PCAM and CAM production is critical to support the growing demand for electric vehicle batteries and requires increased use of recycled content. Cirba Solutions’ expansive logistics and collection networks, along with a diversified processing footprint, also are key aspects of this alliance.

Read more at PR Newswire

Cirba Solutions Secures Over $200 Million Investment to Grow its Closed Loop EV Battery Recycling & Materials Production in North America

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Cirba Solutions, EQT Infrastructure

Cirba Solutions, the largest and most comprehensive battery management and materials processor for end-of-life batteries and gigafactory manufacturing scrap, has received a $245 million minority investment from the EQT Infrastructure V fund (“EQT Infrastructure”). The Heritage Group, a fourth-generation family-owned business managing a diverse portfolio of companies focused on a safer, more enriching, and sustainable world, will remain the majority owner of Cirba Solutions.

The new investment from EQT Infrastructure will support the expansion of an existing lithium-ion facility in Lancaster, Ohio that should generate enough recycled battery material to power 200,000 EVs annually when complete. Additionally, Cirba Solutions has announced a new lithium-ion processing site in Eloy, AZ and expects to announce future processing locations that will further enhance the broad battery collection and processing network that Cirba Solutions has already established. Cirba Solutions expects to invest over $1 billion into the market over the next 10 years to continue its leadership and be the largest and most comprehensive battery recycling company in North America.

Read more at Globe Newswire