Envirostream, a subsidiary of Lithium Australia, has secured an exclusive deal with Volvo Group Australia’s Buses business to recycle end-of-life lithium-ion batteries from its electric and hybrid bus fleet in Australia. The agreement, set for an initial 3-year term, solidifies Envirostream’s position in sustainable battery disposal.
Under the agreement, Volvo will supply used batteries from its buses to Envirostream for recycling. Volvo, a prominent supplier of electric and hybrid buses in Australia, serves various transport operators nationwide, including public transport authorities in Western Australia and Queensland.
While details about the potential second-life use of Volvo bus batteries for stationary storage applications remain undisclosed, Lithium Australia emphasized its commitment to partnering with leading EV and ESS manufacturers. Simon Linge, Managing Director and CEO of Lithium Australia, expressed confidence in the agreement’s significance, stating, “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.”
Linge also projected positive outcomes for the company, noting, “Increasing our capability and growing volumes are strong drivers for the Company reaching cashflow breakeven within the recycling business, which we aim to achieve in the near term.”
