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Recyclus Receives Battery Testbed System
Recyclus Receives Battery Testbed System.
About this update from Technology Minerals Plc
[{"type":"text","content":"\n \n \n The information contained within this announcement is deemed to constitute inside information as stipulated under the retained EU law version of the Market Abuse Regulation (EU) No. 596/2014 (the \"UK MAR\") which is part of UK law by virtue of the European Union (Withdrawal) Act 2018. The information is disclosed in accordance with the Company's obligations under Article 17 of the UK MAR. Upon the publication of this announcement, this inside information is now considered to be in the public domain. \n \n \n \n \n \n \n \n \n 23 June 2022\n \n \n \n \n \n Technology Minerals Plc\n \n \n \n \n \n \n (\"Technology Minerals\" or the \"Company\")\n \n \n \n \n \n \n Recyclus Receives Battery Testbed System\n \n \n \n \n \n \n \n \n Battery testing technology creates capability to charge, discharge, test and sort batteries for reuse and recycling\n \n \n \n \n \n \n \n \n Technology Minerals Plc (LSE: TM1), the first listed UK company focused on creating a sustainable circular economy for battery metals, is pleased to announce that its 49% owned battery recycling business, Recyclus Group Ltd (\"Recyclus\"), has received three lithium battery (\"LIB\") testbed systems designed to measure a range of different battery chemistries of different sizes at its Wolverhampton site.\n \n \n \n \n \n The LIB testbeds give Recyclus the operational capability to test the effective capacity of battery packs from a range of EV and industrial usages as well as for degradation or damage at the cell level. By charging and discharging batteries to measure capacity and capture stored energy it can also perform a number of other critical performance test criteria. The ability to discharge stored energy unlocks future opportunities to feed energy back into the national grid and for use on-site.\n \n \n \n \n \n This testing capability enables Recyclus to grade batteries and access the reuse market for batteries alongside recycling. The tested battery packs will be sorted into one of three categories: the first are suitable for reuse as they are, the second are defective and need to be recycled, and the third are a split with some cells being retrievable and others not. It creates an opportunity for Recyclus to send suitable batteries back into alternative repurposed applicatio...