Princeton NuEnergy utilizes patented Low-temperature Plasma-assisted Separation (LPAS™) technology to directly recycle lithium-ion batteries, rejuvenating cathode and anode materials while significantly reducing energy, water, and CO2 emissions. This process addresses the environmental impact of traditional battery recycling methods and the reliance on mining for raw materials by enabling a domestic circular economy for battery materials.
Funding
$41.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional lithium-ion battery recycling methods are energy-intensive, rely on harsh chemicals, and often result in significant material loss and environmental impact. These processes also struggle to handle the increasing volume and variety of battery chemistries, hindering the development of a sustainable circular economy for battery materials.
Solution
Princeton NuEnergy (PNE) offers a direct recycling solution for lithium-ion batteries using its patented Low-temperature Plasma-assisted Separation (LPAS™) technology. This process rejuvenates cathode and anode materials, enabling their direct reuse in new batteries with performance comparable to virgin materials. LPAS™ significantly reduces energy consumption, water usage, and CO2 emissions compared to conventional pyro- and hydro-metallurgical recycling methods. The technology recovers up to 95% of battery materials, supporting a domestic circular economy and reducing reliance on raw material mining.
Target Audience
PNE's primary customers include battery manufacturers, electric vehicle (EV) manufacturers, and energy storage system providers seeking sustainable and cost-effective solutions for battery material sourcing and end-of-life management.
Features
- Patented LPAS™ technology enabling direct recycling of lithium-ion batteries
- Rejuvenation of cathode and anode materials to battery-grade quality
- High material recovery rate (up to 95%) for various lithium-ion battery chemistries (NCM, NCA, LCO, LFP)
- Significantly reduced energy consumption, water usage, and CO2 emissions compared to traditional methods
- Modular process adaptable to different battery formats and recycling volumes
- Capability to repair cathode and anode materials without fully breaking down chemical compounds
- Production of rejuvenated materials comparable to virgin materials, meeting or exceeding OEM expectations