Blockchain Is Key To The Battery Passport Initiative
ACC is partnering with Circulor to use blockchain technology to trace the origin and carbon footprint of European EV battery materials.
Big Idea:
In a move towards transparency and sustainability, Automotive Cells Co (ACC), a joint venture between Stellantis, TotalEnergies, and Mercedes-Benz Group, collaborates with Circulor, a UK startup using blockchain, to trace the origin and carbon footprint of materials powering European EV batteries.
Why It Matters:
This partnership anticipates the imminent implementation of the European battery passport by 2027 that will scrutinize the environmental impact of EV cells. With pressure mounting on automakers to disclose carbon footprints and recycled material content, this collaboration positions ACC at the forefront of responsible and sustainable supply chain practices.
Key Details:
- ACC, formed in 2020, is investing €7 billion in EV battery plants across France, Germany, and Italy.
- Circulor's blockchain technology maps supply chains for eco-friendly production, with prior collaborations including Volvo Cars, BMW, and BHP.
- European batteries must disclose carbon footprints from this year and comply with emissions limits and recycled material disclosure by 2027.
- ACC and Circulor join the European battery passport initiative, ensuring accountability throughout the EV battery supply chain.
ACC's supply chain director, Olivier Talabard, emphasized, "Our partnership with Circulor is key to knowing our supply chains are operating sustainably and responsibly."
What's Next:
The collaboration raises awareness and responsibility in sourcing materials. The EU has added additional funding for battery technology and NGOs like the Global Battery Alliance are working with organizations to promote transparency in the supply chain and social responsibility to protect workers.
The Intrigue:
Battery upcycling is part of the circular economy for battery production. Startups like Redwood Materials and Circu Li-ion give decommissioned batteries a second life and reuse their raw materials for new batteries. They have received millions in funding from venture firms and automotive companies to support the reduction of carbon emissions.
<script type="application/ld+json">
{
"@context": "https://schema.org",
"@type": "Article",
"mainEntityOfPage": {
"@type": "WebPage",
"@id": "https://www.themoney.game/stories/blockchain-is-key-to-the-battery-passport-initiative"
},
"headline": "Blockchain Is Key To The Battery Passport Initiative",
"description": "ACC is partnering with Circulor to use blockchain technology to trace the origin and carbon footprint of European EV battery materials.",
"image": "",
"author": {
"@type": "Organization",
"name": "The Money Game",
"url": "https://www.themoney.game"
},
"publisher": {
"@type": "Organization",
"name": "",
"logo": {
"@type": "ImageObject",
"url": ""
}
},
"datePublished": "2024-01-26"
}
</script>
Companies innovating in this space
Subscribe to our weekly newsletter
Browse by category
