Materials recovery company Lithium Australia has announced its subsidiary recycling company Envirostream Australia has entered into an agreement with the buses arm of Volvo Group Australia to recycle end-of-life batteries from its fleet of electric and hybrid buses.
The recycling agreement is for an initial three year term, during which Lithium Australia will be the exclusive provider of battery recycling services to Volvo.
“The agreement validates our strategy to target large scale OEMs and ESS manufacturers to grow our share of the high margin, large format battery collection volumes,” Lithium Australia chief executive officer Simon Linge said.
With a recent focus on electrifying its fleets, Volvo has been building vehicles and systems for long-term sustainable public transport, delivering its electric bus model to WA Public Transport Authority, QLD based Transdev and more.
As the adoption of EVs and ESS continues to grow, the supply of available large format batteries for recycling is expected to accelerate.