Durapower has partnered with global IT asset and battery recycling leader TES for second-life deployment and end-of-life management of lithium-ion batteries.
Both companies signed a Memorandum of Understanding (MoU) earlier today to develop second-life projects, with TES providing lithium-ion battery recycling services for Durapower’s international customers and their EV fleets. This includes collaborations to extend the value and lower the Total Cost of Ownership (TCO) of Durapower battery packs by repurposing them for second-life use, as well as ensuring efficient recycling at end of life to ensure materials can be reused in the battery raw material supply chain.
The MoU also indicates a further collaboration with Singapore-based GenPlus Pte Ltd. This could strengthen the MoU partners’ positioning and capabilities in the stationary energy storage markets in both Asia and Europe, by leveraging Durapower’s production facilities and GenPlus’s bespoke system integration for international projects.
“Durapower is excited to partner with TES in support of the circular economy. We share joint values on moving the needle on sustainability and climate change by maximizing the circularity of materials to reduce the demand for primary resources,” says Kelvin Lim, Chief Executive Officer of Durapower Group. “TES has proven itself to be eminently qualified in sustainable electrical and technological asset recycling, repurposing, retirement, and lifecycle management, and we look forward to close collaboration.”
John Oh, Chief Strategy Officer TES, comments, “We are pleased and honored to have been chosen by Durapower as its end-of-life battery partner. It is a testament to the outstanding work performed daily by the staff at TES that companies like Durapower trust us to handle their end-of-life batteries responsibly.”
–
About TES
From its early beginnings as a Singapore-based company with just a handful of sites in Asia today TES provides bespoke solutions that help global clients manage the commissioning, deployment and retirement of technology devices and components around the world.
About Durapower Group
Headquartered in Singapore, Durapower offers closed-loop, end-to-end energy storage solutions for electric mobility and renewable energy applications, including on- and off-road electric, hybrid, and plug-in hybrid electric vehicles, electric marine vessels, and stationary energy storage solutions. Since 2009, Durapower has been a leading innovator of lithium-ion cell technology, focusing on the research and development of battery materials, battery cell manufacturing, and system integration. With a global presence spanning 23 countries and 48 cities, including European countries, China, India, and Southeast Asia, Durapower Group strives to make scalable, sustainable batteries that support the circular economy, empowering lives and transforming the future toward a carbon-neutral economy.