Extreme Vehicle Battery Technologies Corp. has launched its “Battery Revival Program” utilising its proprietary artificial intelligence (AI) technology.
The used batteries will be refurbished for use in future applications such as electric vehicles or energy storage systems (ESS).
Thanks to AI driven technology, the company is able to perform a rapid testing program to quickly and thoroughly analyse used batteries. Once data is entered into its AI-based technology and the analysis is completed, the company can then determine whether to refurbish the batteries back to 100% or reuse the batteries in future ESS production.
Bryson Goodwin, president and CEO said: “As the world is drowning in waste, we all need to look for better, safer and cleaner alternatives. The surge of electric vehicles is bringing with it a wave of used batteries. Most EV batteries are deemed non-functional when they lose functionality in 20% of their fuel cells.”
The launch of the program comes at a time when electronic waste has become a global concern.
According to media corporation Thomson Reuters, exponential growth in e-waste has reached a record 53.6 million tonnes in 2020. A global e-waste report, commissioned by the United Nations, states that only 17.4% of the waste was recycled.
According to the World Economic Forum, annual e-waste exceeds GDP in more than 120 countries. The UN calls it a “tsunami of e-waste” and has made the management of e-waste a top priority. The report concluded that the overall damage done to the environment is incalculable and the way we currently dispose of e-waste is unsustainable.
As well as a benefit to the environment, reusing batteries and maximising their full potential could also benefit the company by cost savings in the production of ESS products.
