Stena Recycling invests in EV battery recovery

Swedish Stena Recycling is investing significant resources into the reuse of electric vehicle batteries. The company's leadership is convinced that battery capacity is both an economic and a regulatory compliance issue. While the EV industry has faced both praise and criticism, and European battery makers have gone bankrupt, electrification is here to stay and is expected to quadruple by 2030. With upcoming EU regulations on critical raw materials and an expected surge in end-of-life batteries, Stena sees major potential. The focus is shifting from pure recycling to reusing batteries, which often retain capacity for applications like forklifts, potentially generating revenue for years. Stena, one of the few developing both recycling and reuse offerings, estimates its battery-related business will reach SEK 500 million in turnover within five to seven years