02 — recycle
Battery Recycling
Second-life solutions for a circular energy economy
Overview
The electric vehicle revolution is creating an unprecedented wave of end-of-life lithium-ion batteries — and with it, a massive opportunity in battery recycling. REC 2 invests in hydrometallurgical and direct recycling technologies that recover lithium, cobalt, nickel and manganese at commercial scale, closing the loop on critical battery materials.
Second-life battery applications are equally compelling. EV batteries that no longer meet automotive performance standards retain 70–80% of their original capacity — making them ideal for stationary energy storage in solar farms, industrial facilities and grid-scale applications. REC 2 structures second-life projects that extend battery value while reducing waste and carbon footprint.
Our materials expertise in rare metals and metal alloys gives us deep insight into battery chemistry and recycling economics, enabling smarter investment decisions across the entire battery value chain from collection logistics to refined material offtake.
Why REC 2 is investing here
01
Global battery recycling market is projected to reach $23B by 2030. EU Battery Regulation mandates 70% recycled content by 2030 — guaranteeing feedstock for recycling operations and regulatory tailwind for investment.
02
Recovered materials are priced at 60–80% of virgin price, improving project economics. Second-life battery systems cost 40% less than new storage, dramatically improving solar and renewable project returns.
03
Synergies with REC 2's rare metals portfolio ensure recovered materials flow into new battery production, creating closed-loop supply chains that command strategic premium from battery and EV manufacturers.
Key Applications
06 areas