Our business model features meaningful circular economy & environmental benefits
We are enabling meaningful improvements to the circular economy for batteries with tremendous environmental benefits
Large-scale Acquisition of Cost-advantaged Feedstock
Element acquired multi-GWh of lightly used EV batteries for redeployment on the grid
Element has procured more than 2 GWh of lightly-used EV batteries at an attractive price. When these low mileage batteries are combined with Element’s advanced, adaptive management system, we can create meaningful economic and environmental benefit.
Improved Battery Performance Means Improved Economics and CO2 Reductions
Element maximizes life cycle energy harvest
Element’s Adaptive BMS technology seamlessly maximizes the life cycle energy harvest from battery energy storage systems – we do this by solving for mismatch, slowing capacity fade, and improving useful life. As a result, battery systems managed with our technology store and release even more useful energy to the grid than new batteries — our proprietary and patented system architecture actively monitors and maximizes safety and reliability
Leading Power Companies Ready to Jointly Deploy Utility-scale BESS Systems Managed by Element’s BMS
Element partners with leading power companies to deploy our battery systems in utility-scale storage
Many of the country’s leading power companies plan to partner with Element to support our scaled deployment of re-use assets. Our battery energy storage systems will be available beginning in 2023. Because our batteries are sourced, processed and containerized domestically, our lead times are short and predictable and full-scale deployment will be complete within a year. We are working to secure additional 2nd life feedstock and are collaborating with several market leaders on the introduction of 1st life BESS systems integrating our technology.
Element’s batteries save 17 million metric tons of CO2 - equivalent to planting more than 35 million trees!
We estimate that our initial deployment of re-manufactured batteries will prevent:
Nearly 15 million metric tons of CO2 emissions by replacing the need for
electricity generated by fossil fuels
Over 2 million metric tons of CO2
emissions through greater life-cycle harvest than conventional new battery systems, even those built
from recycled cathode materials
Plus: deferring over 7,000 metric tons of waste compared to recycling and deploying these recycled batteries