SYDNEY, Thursday, March 30: A Perth-based lithium battery recycler, Renewable Metals, has won the inaugural Supercharge Australia Innovation Challenge Award with its unique technology that turns battery waste into battery metals.
The Renewable Metals process achieves more than 95% recovery of the valuable materials in lithium batteries including lithium, nickel, cobalt, copper, manganese and graphite, without creating black mass and saving 20-30% of the costs of standard recycling.
The announcement was made at a gala event hosted by Dan Ilic at EnergyLab in Sydney on Thursday night.
Despite producing almost 60% of the world's lithium, Australia retains less than 1% of the US$400 billion and rising annual product value.
Sicona came second with a University of Wollongong-developed technology to produce next gen battery materials technology used in the anodes of lithium-ion batteries for electric-mobility and storage of renewable energy.
Roev, came third – they convert large fleets of utes to electric, solving unmet demand and managing energy usage.
Fourth place getter is Brisbane-based Vaulta, who make recyclable and repairable high-performance batteries. Vaulta's batteries are designed, assembled and tested at their manufacturing facility in Brisbane's inner north.
As Prime Minister Anthony Albanese said, "Lithium has an extraordinary capacity. We need to not just dig it up. I want to make sure we use the lithium and nickel and other products we have to make batteries here. (National Press Club, 22 February 2023)
Ninety-eight percent of the lithium mined in Australia is refined overseas.
Supercharge Australia aims to support lithium battery innovation in Australia and capture more of the lithium value chain, by encouraging export-oriented lithium battery value chain start-ups.
Supercharge Australia is a project of two not-for-profit organisations, global clean energy start-up accelerator New Energy Nexus, and Australia's largest climate tech start-up accelerator EnergyLab.
Since 2016 New Energy Nexus has supported 5,268 entrepreneurs globally, created more than 6,000 green jobs and mobilised more than $US1.5 billion in investments.
"Australian innovators are uniquely placed to supply emerging and mature global markets with low impact lithium products and resources to support our energy transition with better batteries," says Danny Kennedy, CEO New Energy Nexus and Managing Director of the California Clean Energy Fund.
"I've seen billion-dollar battery recycling start-ups in the United States emerging in the last few years and none have technology as exciting as this," says Kennedy.
EnergyLab has supported Australian start-ups focused on clean energy and climate tech since 2017, with more than 150 program alumni.
"Supercharge Australia helps ensure Australia's energy security by supporting the development of the technology needed here for the renewable energy transition," EnergyLab CEO Megan Fisher says.
"Australia is well positioned to capture the full value of the battery and electrification revolution," she says.
In the Supercharge Australia Innovation Challenge 11 start-ups ranging from developers of novel cell chemistries to electric vehicle up-scalers and critical metals recyclers, were matched with mentors and experts with the aim of bolstering a vibrant national battery ecosystem.
"Australia can become a leader in lithium battery technology, from sourcing to advanced battery and EV manufacturing, and capture massive market opportunities as the world electrifies. But to do this, we need much more activity across all phases of the lithium battery value chain, and this requires more investment and more start-ups to meet the innovation challenge," Fisher says.
The Award judges are:
- Katerina Kimmorley, Head of Commercial and Investments, Boundless
- Megan Fisher, CEO, EnergyLab
- Dr Adam Best, Principal Research Scientist, CSIRO
- Danny Kennedy, Chief Energy Officer, New Energy Nexus
Key Facts:
Despite producing almost 60% of the world's lithium, Australia retains less than 1% of the US$400 billion and rising annual product value.
Ninety-eight percent of the lithium mined in Australia is refined overseas.
About us:
Meet the 11 finalists:
- EV FireSafe for Business, co-founded by firefighters to provide electric vehicle (EV) fire and safety knowledge for everyone working with electrified transport
- FARSTE DRIVE - Geelong-based, developed a cost-effective hub motor to counter EV motor inefficiency and allow internal combustion engine vehicles to be converted to EVs
- Gelion - Sydney-based, battery storage innovator developing new lithium-sulfur and lithium-silicon-sulfur technologies to improve battery performance, cost and safety
- The Good Car Company, founded in Hobart, provides affordable EVs through bulk-buys, direct sales and subscription. They import new and second-hand EVs to help drive a second-hand EV market in Australia
- Prohelion, founded in Brisbane, designs and sells battery monitoring systems, bespoke lightweight high-power battery solutions, accessories, monitoring and consulting services;
- Renewable Metals, based in Perth, recycles lithium batteries using a novel technology to recover 6 critical metals - lithium, nickel, cobalt, copper, manganese, and graphite - from end-of-life batteries minimising waste by-products
- Roev, converts large fleets of utes to electric, solving unmet demand and managing energy usage
- Sicona Battery Technologies uses a University of Wollongong-developed technology to produce next gen battery materials technology used in the anodes of lithium-ion batteries for electric-mobility and storage of renewable energy
- Sustainable Lithium Cells Australia - Brisbane-based, enables lithium battery recycling and reduces the carbon footprint of lithium battery construction and provides a cost-effective supply of good condition second-life cells for use in e-mobility and energy projects
- Syenta by the Australian National University, which makes multi-material additive manufacturing devices for electronics such as solar cells, batteries, sensors, and circuit boards with high resolution and high speed
- Vaulta - Brisbane-based, makes recyclable and repairable high-performance batteries.Vaulta's batteries are designed, assembled and tested at their manufacturing facility in Brisbane's inner north.
