Li-Cycle Provides Recycling Solutions to Growing Battery Energy Storage System (BESS) Market, Including Supporting Artificial Intelligence Technologies in the U.S.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 10 2025
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Should l Buy ?
Source: Newsfilter
Li-Cycle's Recycling Growth: In 2024, Li-Cycle recycled over 100 MWh of battery feedstock from U.S. Battery Energy Storage System (BESS) partners, marking a 33% increase from the previous year and contributing to approximately 27% of their recycling feedstock in the U.S.
Support for Energy Independence: Li-Cycle plays a crucial role in supporting domestic energy independence by providing safe recycling solutions for lithium-ion batteries, which helps reduce reliance on foreign mineral supplies amidst growing electricity demand driven by data centers and AI technologies.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
