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Sustainability and circularity metrics for EV batteries: Enabling circular economy strategy decision making and value communication

Kolhe, Gunjan LU (2023) IMEM01 20231
The International Institute for Industrial Environmental Economics
Abstract
The increasing focus on lithium-ion batteries (LIBs) in the context of electrification of transport sector has raised concerns about their high costs, resource and energy demands, environmental impact, and social supply chain risks. To address these challenges and maximize the value of LIBs throughout their lifecycle, circular economy (CE) strategies, such as reusing and repurposing, are being explored. These strategies offer economic, environmental, and social benefits. However, managing LIBs' lifecycle from an environmental perspective involves balancing objectives related to resource depletion and climate change, alongside contextual factors and business considerations like regulatory requirements and customer acceptance. The study... (More)
The increasing focus on lithium-ion batteries (LIBs) in the context of electrification of transport sector has raised concerns about their high costs, resource and energy demands, environmental impact, and social supply chain risks. To address these challenges and maximize the value of LIBs throughout their lifecycle, circular economy (CE) strategies, such as reusing and repurposing, are being explored. These strategies offer economic, environmental, and social benefits. However, managing LIBs' lifecycle from an environmental perspective involves balancing objectives related to resource depletion and climate change, alongside contextual factors and business considerations like regulatory requirements and customer acceptance. The study found a knowledge gap of sustainability and circularity metrics for life cycle management of LIBs to promote slowing the loop strategies. To track and communicate these relevant metrics for CE strategies, the development of a Digital Battery Passport (DBP) is considered essential.
This research study investigates sustainability and circularity metrics that are pertinent to the DBP and support the implementation of slowing the loop strategies. The study examines the practical, academic, and policy perspectives by conducting interviews across the value chain. The findings emphasize the significance of adopting a diverse set of metrics industry-wide, enabling data-driven decision-making and effective communication to support CE business models. Additionally, the study explores the role of servitization in operationalizing the DBP. Servitization facilitates data access, streamlines battery ownership, and enables the adoption of circular economy strategies by promoting the use of second-life products. (Less)
Popular Abstract
The increasing focus on lithium-ion batteries (LIBs) in the context of electrification of transport sector has raised concerns about their high costs, resource and energy demands, environmental impact, and social supply chain risks. To address these challenges and maximize the value of LIBs throughout their lifecycle, circular economy (CE) strategies, such as reusing and repurposing, are being explored. These strategies offer economic, environmental, and social benefits. However, managing LIBs' lifecycle from an environmental perspective involves balancing objectives related to resource depletion and climate change, alongside contextual factors and business considerations like regulatory requirements and customer acceptance. The study... (More)
The increasing focus on lithium-ion batteries (LIBs) in the context of electrification of transport sector has raised concerns about their high costs, resource and energy demands, environmental impact, and social supply chain risks. To address these challenges and maximize the value of LIBs throughout their lifecycle, circular economy (CE) strategies, such as reusing and repurposing, are being explored. These strategies offer economic, environmental, and social benefits. However, managing LIBs' lifecycle from an environmental perspective involves balancing objectives related to resource depletion and climate change, alongside contextual factors and business considerations like regulatory requirements and customer acceptance. The study found a knowledge gap of sustainability and circularity metrics for life cycle management of LIBs to promote slowing the loop strategies. To track and communicate these relevant metrics for CE strategies, the development of a Digital Battery Passport (DBP) is considered essential.
This research study investigates sustainability and circularity metrics that are pertinent to the DBP and support the implementation of slowing the loop strategies. The study examines the practical, academic, and policy perspectives by conducting interviews across the value chain. The findings emphasize the significance of adopting a diverse set of metrics industry-wide, enabling data-driven decision-making and effective communication to support CE business models. Additionally, the study explores the role of servitization in operationalizing the DBP. Servitization facilitates data access, streamlines battery ownership, and enables the adoption of circular economy strategies by promoting the use of second-life products. (Less)
Please use this url to cite or link to this publication:
author
Kolhe, Gunjan LU
supervisor
organization
course
IMEM01 20231
year
type
H2 - Master's Degree (Two Years)
subject
keywords
Sustainability metrics, Circularity metrics, LIB CE strategies, Second life battery energy storage system, Product service system
report number
2023:10
ISSN
1401-9191
language
English
id
9149747
date added to LUP
2024-03-14 12:37:40
date last changed
2024-03-14 12:37:40
@misc{9149747,
  abstract     = {{The increasing focus on lithium-ion batteries (LIBs) in the context of electrification of transport sector has raised concerns about their high costs, resource and energy demands, environmental impact, and social supply chain risks. To address these challenges and maximize the value of LIBs throughout their lifecycle, circular economy (CE) strategies, such as reusing and repurposing, are being explored. These strategies offer economic, environmental, and social benefits. However, managing LIBs' lifecycle from an environmental perspective involves balancing objectives related to resource depletion and climate change, alongside contextual factors and business considerations like regulatory requirements and customer acceptance. The study found a knowledge gap of sustainability and circularity metrics for life cycle management of LIBs to promote slowing the loop strategies. To track and communicate these relevant metrics for CE strategies, the development of a Digital Battery Passport (DBP) is considered essential.
This research study investigates sustainability and circularity metrics that are pertinent to the DBP and support the implementation of slowing the loop strategies. The study examines the practical, academic, and policy perspectives by conducting interviews across the value chain. The findings emphasize the significance of adopting a diverse set of metrics industry-wide, enabling data-driven decision-making and effective communication to support CE business models. Additionally, the study explores the role of servitization in operationalizing the DBP. Servitization facilitates data access, streamlines battery ownership, and enables the adoption of circular economy strategies by promoting the use of second-life products.}},
  author       = {{Kolhe, Gunjan}},
  issn         = {{1401-9191}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{Sustainability and circularity metrics for EV batteries: Enabling circular economy strategy decision making and value communication}},
  year         = {{2023}},
}