A British entrepreneur is working to create a business dedicated to reclaiming and reusing perceived end of life lithium batteries. Aceleron takes lithium batteries, used in everyday electronics at their apparent end of viable life and transforms them into low-cost second-life battery packs for the storage of renewable energy.
Co-Founder Carlton Cummins has developed this strategy to repurpose a battery as endlessly replacable storage for renewal energy once the original stored energy is used up in order to eliminate waste and the need for further resources to be invested in new products.
Aceleron’s battery processing service has been trialled using end-of-life staff laptops and it was discovered that the average state of health for the batteries tested was 89 per cent.
In the UK the recycling capacity for lithium batteries is limited, with over 1,000 tonnes each year being exported and others finding their way into landfill where they can leach dangerous chemicals into soil and water.
Aceleron creates a solution to this problem especially for manufactures in the automotive and electronics industries. Aceleron also hopes to have a social impact by providing affordable energy storage for developing regions.
Carlton has won a global innovation competition organised by Shell for his innovative concepts and was named the Shell LiveWIRE Young Entrepreneur of the Year in 2016 which resulted in £30,000 of funding.
Aceleron’s innovative process of reclaiming and reusing lithium batteries is considered Research and Development. As a result the company’s activities are eligible to obtain a significant rebate on its R&D expenditure. The available tax relief on R&D activities is very generous, to find out more contact a Swanson Reed R&D specialist today.