Envirostream has signed an exclusive battery recycling agreement with Hithium, a global energy storage solutions provider.
The agreement officially commenced on January 1 and is for an initial three-year term with a two-year optional term.
It will see Livium, Envirostream’s parent company, recycle lithium-ion batteries supplied by Hithium to Lightsource bp’s Woolooga solar farm in Queensland.
As per the agreement, Livium will receive a fee for discharging, dismantling and processing Hithium batteries and for supplementary services such as battery transport services, condition assessments and tailored services.
Livium managing director and chief executive officer Simon Linge welcomed the agreement, describing it as Livium’s first step in supporting renewable project clients in Australia and diversifying its sources of recyclable lithium-ion batteries.
“This agreement with Hithium, further demonstrates our ability to partner with leading global lithium-ion battery manufacturers,” Linge said.
“The Woolooga project is a great representation of the scope of renewable energy projects which are being developed nationally, and we see further scope for our recycling services for other projects. We thank Hithium for their partnership and look forward to providing quality services for them.”
Hithium provides Woolooga with 128 units of five-megawatt-hour battery energy storage system, also known as Bess, containers based on its specialised prismatic 314 ampere hour cells.
“The Woolooga project represents a significant step for Hithium in establishing a foundation for future energy storage initiatives in Australia,” Hithium president of global business Mizhi Zhang said.
“Sustainable disposal of our BESS products is key to our sustainability objectives, and we are delighted to partner with Livium, who have a proven track record of safe battery disposal.”
Envirostream locked in several exclusive recycling agreements throughout 2024, including deals with Infinitev, Hyundai Glovis, LG Energy Solution, Volvo Group Australia and Industrea Mining Equipment.
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