Europe's Battery Boom: BeePlanet Factory Opens Recycling Plant in Navarra
Europe is poised to harness the potential of second-life batteries, with a projected capacity of 35 gigawatt-hours by 2030. However, the continent faces stiff competition from affordable electric vehicles produced in China, prompting an investigation by the European Commission into China's practices. Meanwhile, Spanish company BeePlanet Factory is establishing a recycling plant in Navarra to tackle the growing demand for sustainable battery solutions.
BeePlanet Factory, a pioneer in designing and manufacturing sustainable storage systems using second-life electric vehicle batteries since 2018, is set to open its first recycling plant, Beecycle Reuse & Recycling S.L., in Navarra. The plant, with a capacity of 10,000 TPY of black mass, will recycle the batteries of 25,000 cars annually, significantly contributing to Europe's growing demand for second-life batteries.
The joint venture, involving BeePlanet Factory and other firms in the sustainability and recycling sector, is planned to be constructed in Spain with an investment of 18.5 million euros. The plant's startup is scheduled for 2025, creating 60-70 new jobs. Currently, BeePlanet Factory has a capacity of 20 megawatts, transforming about 500 cars per year, and expects to sell at least 30 MWh this year.
These second-life batteries retain 70-90 percent storage capacity and deliver high performance for various applications, making them an attractive and economical alternative to new batteries. However, the European Commission is investigating China for unfair practices in electric vehicle production aid, as the continent seeks to compete with affordable vehicles from China.
BeePlanet Factory's new recycling plant in Navarra is set to boost Europe's second-life battery capacity, contributing to a projected 35 gigawatt-hour capacity by 2030. The plant, with a capacity to recycle the batteries of 25,000 cars annually, will play a significant role in the continent's efforts to provide competitive and economical battery solutions. As the European Commission investigates China's practices in electric vehicle production aid, the need for fair market conditions is emphasized to support European companies like BeePlanet Factory.
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