![]() ![]() "A couple of years ago there was a cost associated with recycling a lithium-ion battery pack. If truly at its end-of-life, SNT will recycle it. A pack can be repaired to operational conditions, remanufactured to original factory standards, refurbished and upgraded to current factory standards. Alfred assesses the health of the battery pack to determine whether it can eventually go back into a vehicle. It then puts the battery packs through its diagnosis system, named Alfred. The company receives EV batteries directly from the dealership or original equipment manufacturer. "You can come to us for a cup of coffee, but if you want to have a steak, a cup of soup or apple pie, we serve all these things." ![]() "We are like a diner of battery services," said Spiers. The company now has over 400 employees and offers what it calls a "one-stop solution" for used and faulty EV batteries. In 2021, it was acquired by Cox Automotive, a subsidiary of Atlanta-based media conglomerate Cox Enterprises. SNT was founded in 2014 with just two employees. "It's fantastic that you can drive an electric vehicle, knowing that the end-of-the life of that battery pack, the ingredients will be reused in a new battery pack and a new electric car, and that we really want to play a role in," said Dirk Spiers, founder and CEO of SNT. Companies like American Battery Technology have already developed processes to recycle lithium-ion batteries, but Oklahoma-based Spiers New Technologies or SNT is pioneering a different process. With the estimated reuse lifetime of an EV battery ranging anywhere between five to 30 years, extending the life cycle could reduce the need for mining critical minerals. It's important that these end-of-life packs are recycled, so they don't end up where they don't belong." "Every battery will reach the end of life. "The degradation of an EV battery pack is one of the biggest questions of the industry," said Lea Malloy, head of electric vehicle battery solutions at Cox Automotive Mobility. It estimates that the lifetime of an EV battery is around 12 to 15 years in moderate climates. ![]() Personal Loans for 670 Credit Score or Lowerīy 2050, the National Renewable Energy Laboratory expects the demand for graphite, lithium and cobalt, all critical minerals in EV batteries, to increase by 500%. Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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