The Swedish Energy Agency grants research support to Nilar for the development of advanced battery upcycling
Today, Nilar International AB, which develops and produces advanced battery solutions in Sweden, announces that research support has been granted within the strategic innovation program RE:Source, which is financed by Vinnova, the Swedish Energy Agency and Formas. Together with Stockholm University and Uppsala University, Nilar will develop simple, environmentally friendly and cost-effective methods for reusing spent electrode material in new nickel metal hydride (NiMH) batteries. The work will begin in September.
- That the innovation program RE:Source grants us this research support is an important recognition of Nilar and our research partners' pioneering work in battery recycling technology. The goal is to improve the possibility of reusing spent electrode material, which both promotes a sustainable and circular economy and contributes to improved performance of the new batteries, says Erik Oldmark, CEO of Nilar International AB.
Reuse of spent electrode material from batteries is an important part of the EU's new battery regulation. As the entire society becomes electrified, it becomes important to find innovative solutions to recycle and reintroduce these materials into the battery industry. The project has a total budget of approximately SEK 4 million and receives a 50% grant from the innovation program RE:Source.
By avoiding energy-intensive melting and recasting methods as well as complicated chemical-consuming hydrometallurgical processes, which are traditionally used in the recycling of NiMH batteries, Nilar wants to take the next step in sustainable battery production and facilitate the green transition.
Nilar has a long history of combining research expertise and industrial competence. Together with strategic partners, Nilar develops comprehensive solutions for energy storage, where the company's unique battery technology based on NiMH electrochemistry with a water-based electrolyte is at the center. The technology means that Nilar's batteries have increased safety while the components can be recycled and reused.
For further information, please contact:
Erik Oldmark, CEO
+46 70 432 4444
erik.oldmark@nilar.com
Press contact:
Matilda Ekman Vråmo
+46 72-213 01 28
matilda.ekman.vramo@nilar.com
About Nilar:
Swedish-based Nilar International AB develops and manufactures batteries that are part of stationary energy storage systems. With better energy storage, society can support the increasingly stressed electricity grid by bridging imbalances between energy production and demand, especially important as the share of renewable energy sources increases. Nilar's battery technology is based on nickel metal hydride (NiMH) electrochemistry with a water-based electrolyte, which provides higher safety while allowing the components to be recycled and reused. Nilar has its headquarters in Täby and since 2012 all batteries have been developed and produced in the production facility in Gävle, which is powered by 100% renewable energy.
The Nilar share is listed on the Nasdaq First North hPremier Growth Market under the ticker NILAR. FNCA Sweden is Certified Adviser. For more information see www.nilar.com.
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