Partnership aims to improve recycling
solutions for EVSE supply chain waste
KYLE,
Texas, Nov. 20, 2024 /PRNewswire/ -- XCharge
North America (XCharge NA), a provider of DC fast charging and
battery-integrated electric vehicle (EV) solutions, today announces
its partnership with Grensol Group (Grensol). The collaboration
aims to advance sustainable, electrified travel by addressing the
pressing challenge of reducing the end-of-life waste associated
with Electric Vehicle Supply Equipment (EVSE) — particularly, EV
charging cables and modules.
XCharge NA will provide broken or worn-down
EVSE to Grensol and WPI to develop an industrial recycling
solution.
Effective immediately, XCharge NA will provide broken or
worn-down EVSE materials to Grensol, and its research partner
Worcester Polytechnic Institute (WPI),
for the development of an industrial recycling solution for such
equipment. Grensol will then use its advanced metals recovery and
photolysis technologies, amongst other technologies also being
studied, to process the waste and produce useful raw materials for
a circular economy, including critical metals for new EVSEs.
Grensol's research at WPI is being led by Prof. Brajendra Mishra and Dr. Akanksha Gupta and is being performed under a
collaborative agreement between WPI and the DEVCOM Army Research
Laboratory.
"EVSEs have a particularly short useful life due to constant
wear and tear, so the need for a recyclable material solution is
the driving force behind this partnership," said Rajiv
Singhal of Grensol. "Partnering with XCharge NA will provide
us and WPI with more materials and information for our development
of breakthrough low-cost circular materials solutions for the
future that keep resources onshore and materials in use for longer,
while avoiding carbon emissions."
XCharge NA and Grensol discovered their shared interest in
promoting sustainable solutions in the automotive industry while
both being part of the Harvard Innovation Labs.
"This recycling-focused partnership will allow us to achieve
an improved product lifecycle by promoting sustainable
solutions," said Aatish Patel,
Co-founder and President of XCharge North America, "We'll work with
Grensol to determine the best mechanical, chemical and thermal
recycling methods to create a continuous lifecycle for our charging
materials and reducing our carbon footprint."
Looking into the future, this partnership aims to build on
existing techniques, such as wire cutting, alkaline leaching, and
steam cracking by integrating full unit recycling, a system for
waste-reduction management of EV chargers. For now, the first
components including charging cables and modules have been shipped
from XCharge NA to Grensol and WPI for processing.
About Grensol Group
Grensol is a Swiss startup with a mission to maximize the
recycling of end-of-life waste, including cars, while preventing
the incineration and landfilling of recycling residues. The company
aims to transform this waste into valuable low-emission raw
materials such as hydrogen, carbon black, metals and glass, for a
circular economy, contributing to a cleaner and more sustainable
future.
About XCharge North America
XCharge North America specializes in high-power EV charging and
battery-integrated solutions tailored for the North American
electrical grid. With a focus on innovation and sustainability,
XCharge North America is committed to advancing the future of
electric mobility through cutting-edge technology and thoughtful
design.
About XCharge
XCharge (NASDAQ: XCH), founded in 2015,
is a global leader in integrated EV charging solutions. The Company
offers comprehensive EV charging solutions, which primarily include
the DC fast chargers, the advanced battery-integrated DC fast
chargers, as well as its accompanying services. Through the
combination of XCharge's proprietary charging technology, energy
storage system technology and accompanying services, the Company
enhances EV charging efficiency and unlocks the value of energy
storage and management. Committed to providing innovative and
efficient EV charging solutions, XCharge is actively working toward
establishing a global green future that is critical to long-term
growth and development.
Safe Harbor Statement
This press release contains
forward-looking statements. These statements are made under the
"safe harbor" provisions of the U.S. Private Securities Litigation
Reform Act of 1995. Statements that are not historical facts,
including statements about the Company's beliefs and expectations,
are forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties, and a number of factors could
cause actual results to differ materially from those contained in
any forward-looking statement. In some cases, forward-looking
statements can be identified by words or phrases such as "may,"
"will," "expect," "anticipate," "target," "aim," "estimate,"
"intend," "plan," "believe," "potential," "continue," "is/are
likely to," or other similar expressions. All information provided
in this press release is as of the date of this press release, and
the Company does not undertake any duty to update such information,
except as required under applicable law.
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SOURCE XCharge North America