circular business models that exhibit the highest potential for batteries: 1) remanufacture + reuse + recycle + waste management, 2) product life extension through durable design, update...
The paper provides visual representations of the necessary interactions and collaborations among companies in the EV battery ecosystem to effectively implement the proposed business model archetypes. This research contributes to the theory of circular business models in general, with specific relevance to EV battery circularity. 1. Introduction
Answering the second research question, “ What are the main drivers to develop circular business models in the lithium-ion battery market?”, “National and international regulation and policies” followed by “Economic benefits” are considered the main drivers for developing CBMs in the LIB market.
Battery circularity maximizes value from retired electric vehicle batteries. New circular business models (CBMs) are needed in the battery ecosystem. The study outlines 3 main archetypes and 8 sub-archetypes of CBMs. The main CBM archetypes include extending, looping, and sharing. The study details collaboration forms for diverse battery CBMs.
Barriers importance for circular business models of lithium-ion batteries. The experts stress that similar to the drivers' findings, most barriers are linked; therefore, identifying a sole dominant barrier is not expected to occur. The highest-rated barrier was “Financial”, reflecting challenges such as incentives and financial viability.
The extension of battery life (and their sub-components) can also apply when the batteries are in their second life. This goal is typically achieved through practices such as maintenance, repair, upgrading, and refurbishing. As a result, these archetype business models minimize waste and reduce the demand for new resources.
Wrålsen et al. (2021) utilized the Delphi method to propose three circular business models that exhibit the highest potential for batteries: 1) remanufacture + reuse + recycle + waste management, 2) product life extension through durable design, update services, remanufacture, and 3) resource recovery of discarded materials.
circular business models that exhibit the highest potential for batteries: 1) remanufacture + reuse + recycle + waste management, 2) product life extension through durable design, update...
The critical issues are explored, including challenges, repurposing processes, cost analyses, and optimal business models for transforming a used Li-ion battery pack retired from EV into ESS for its second-use application. The lithium-ion (Li-ion) battery of high power density and large electricity capacity is pioneering both uncultivated lands, the electric vehicle …
circular business models that exhibit the highest potential for batteries: 1) remanufacture + reuse + recycle + waste management, 2) product life extension through …
Firstly, the battery data owned by power battery and EV manufacturers might not be easy to share with comprehensive utilization enterprises, which turns into a barrier for the latter to predict battery''s state of health in an efficient way. Secondly, battery will become more important asset if its residual value is confirmed through reuse ...
In a nutshell, developments in EV business models and battery second use, as well as their interplay is worth further research, given the limited but ever-increasing volume of EVs and emerging stakeholders interested in battery second use. 6. Conclusion In summary, this paper investigates literature and current practices regarding the unsustainable issues in the …
This study proposes a new theoretical model that incorporates product recycling quality and tiered utilization in the battery recycling process, while also considering corporate R&D innovation …
This study proposes a new theoretical model that incorporates product recycling quality and tiered utilization in the battery recycling process, while also considering corporate R&D innovation and various government subsidy strategies. It reveals several
By establishing a closed-loop system in the battery recycling business, we will create a green, low-carbon, efficient and sustainable ecosystem. Our practice. On January 17, 2023, the company has obtained the echelon utilization type recycling qualification from the Ministry of Industry and Information Technology of China only six years after its establishment, becoming a standard …
Firstly, the battery data owned by power battery and EV manufacturers might not be easy to share with comprehensive utilization enterprises, which turns into a barrier for the latter to predict …
This study proposes a multi-objective optimization framework for peer-to-peer (P2P) energy trading in South Korea''s tiered electricity pricing system. The framework employs the Multi-Objective Evolutionary Algorithm based on Decomposition (MOEA/D) to optimize three conflicting objectives: minimizing consumer costs, maximizing prosumer benefits, and …
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Findings emphasize the importance of battery ownership, inter-industry partnerships and policy support on battery secondary use. The results also suggest the …
For current echelon utilization of power batteries, some people in the industry suggest that the policies and regulations on the echelon utilization of power batteries should be further improved to promote the industry. Large-scale development brings economic advantages through scale. At the same time, it strengthens technology research and development, …
Battery circularity maximizes value from retired electric vehicle batteries. New circular business models (CBMs) are needed in the battery ecosystem. The study outlines 3 main archetypes and 8 sub-archetypes of CBMs. The main CBM archetypes include extending, looping, and sharing. The study details collaboration forms for diverse battery CBMs.
The remainder of this paper is structured as follows. Section 2 describes the theoretical background. Section 3 explains the study''s methodological aspects, including the research design and data collection process and analysis. Section 4 presents the findings, key challenges, and enablers for implementing CBMs for EVBSL. Finally, Section 5 presents a …
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We apply qualitative research methods and draw on data from interviews and workshops with stakeholders, to identify barriers to and opportunities for second use of EV batteries. New business models are conceptualized, in which increased economic viability of second life and recycling and increased business opportunities for stakeholders may ...
are the costliest to own and operate in India in the long-term at every level of utilization —even when the cost of gasoline is extremely low at INR 65 per liter. Additionally, because of the greater utilization of each battery in the swapping model, swappable batteries reach their end of life earlier than batteries used by a single EV owner, and this enhances the potential for faster ...
Repurposing batteries for battery second use (B2U) storage systems is becoming increasingly relevant due to the high demand for storage in the energy sector [3]. …
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Battery circularity maximizes value from retired electric vehicle batteries. New circular business models (CBMs) are needed in the battery ecosystem. The study outlines 3 …
We apply qualitative research methods and draw on data from interviews and workshops with stakeholders, to identify barriers to and opportunities for second use of EV batteries. New …
Repurposing batteries for battery second use (B2U) storage systems is becoming increasingly relevant due to the high demand for storage in the energy sector [3]. However, a circular business model is required to realize circular strategies [11].
The adoption of a Battery swapping business model can be a perfect alternative to the battery charging stations. With companies like Mahindra, Tata, and Hyundai strengthening their base in India, it will take a couple of …
However, degradation models specifically tailored to SLBs are currently absent. Therefore, we analyze the applicability of existing battery degradation models developed for first-life batteries in SLB applications. Secondly, we investigate a representative process of dealing with retired batteries and discuss the regrouping standards for cell ...
This study proposes context-adapted, circular business models and ranks them based on their potential for feasible lifetime management of spent lithium-ion batteries. …
Findings emphasize the importance of battery ownership, inter-industry partnerships and policy support on battery secondary use. The results also suggest the potential of battery reuse as a linkage between the transport and energy sector, and a catalyst for EV business model reconfiguration.
This study proposes context-adapted, circular business models and ranks them based on their potential for feasible lifetime management of spent lithium-ion batteries. Previously, Olsson et al. (2018) identified two circular business models for spent electric vehicle batteries (such as lithium-ion batteries) through interviews. This study ranks ...
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