Sustainable battery use: Over eight million euros investment for Circunomics
Summary
The companys AI-powered software enables a detailed analysis of each batterys state of health (SoH) and uses digital twin technology to simulate which second-life applications best suit their performance potential. Circunomics connects industry partners across all stages of the battery supply chain to enhance the reuse and recycling of batteries.Circunomics offers a valuable solution for both the transition to electromobility and renewable energy adoption, says Julian Klaiber, Principal at GET Fund. We see great potential in Circunomics lifecycle management and digital marketplace for used batteries, particularly for electromobility and other industrial applications, says Jens Sch\xfcler, Board Member of Vehicle Lifetime Solutions at Schaeffler AG.Lower CO2 Emissions and Reduced Use of Precious Materials "Through our independent digital marketplace and detailed analytics, we aim to strongly contribute to bringing battery packs, modules, and cells into a meaningful, sustainable, and comprehensive circular economy," says CEO Felix Wagner. Wagner adds: "The challenges and future potential for Circunomics are immense: globally, by 2030, the automotive sector alone is expected to generate five to six million used vehicle batteries annually that will reach the end of their lifecycle. Schaeffler, a leading motion technology company, brings extensive expertise in the automotive lifecycle through its Vehicle Lifetime Solutions division, benefiting Circunomics in terms of marketplace development, analysis, and the integration of additional features into its offerings.