Renewance Inc. services

It is burdensome to project manage end-of-life liabilities, coordinating the various tasks which would be executed by different parties.

End-of-life battery recycling or treatment costs represent a substantial liability that is often overlooked. Many owners and operators of industrial batteries do not realize that, depending on the applicable jurisdiction, they are burdened by this obligation. Proper accounting practices require to provision for such liability. But how can you quantify the cost of such asset retirement obligation several years out while the battery and recycling technologies as well as the regulations are still evolving?

The regulatory landscape for product compliance, international trade, transport, deployment and particularly end-of-life treatment of industrial batteries is complex. Navigating these regulations and managing the required compliance activities is onerous and the consequences of non-compliance are severe. These regulations affect battery manufacturers, battery energy storage system integrators and owners and operators of battery energy storage systems. For example, cost impact of some of the proposed building and fire safety codes applicable to battery energy storage could be profound, but have not been top of mind at developers, owners and operators.