Lithium-ion batteries continue to be the technology of choice for all the major consumer gadget players, including Apple, Samsung and Lenovo – and it is absolutely no wonder that the market is set to explode in the next few years thanks to the inevitable continued growth in consumer electronics, as well as electric cars and home energy systems.
The global lithium-ion battery market is set to jump from almost $30 billion in 2015 to more than $77 billion by 2024.
But what happens to these lithium-ion batteries when they reach the end of their life?
This time, we caught up with Amrit Chandan (below right), co-founder of Aceleron – a business that hopes to revolutionise the way people use and think about low-cost energy storage.
It is a business dreamt up by Amrit and his partner and co-founder Carlton Cummins during their lunch breaks working for a management consultancy. As you’re about to find out, this is a company with a technology that can efficiently test which lithium-ion batteries are good and still have some life, perhaps for use in another application, and which ones are not so good. And it takes the good ones and packages them in a way that is safe, cost effective and useful again.
Amrit and Carlton are on the mission: to find a solid replacement for the traditional 12-volt lead acid battery, something that could truly revolutionise the way people use batteries, particularly in the developing world where 25% of deaths are attributed to industrial gases, including lead poisoning, from lead batteries being burned, according to World Health Organisation statistics.
Enjoy the conversation.