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A digital solution framework for enabling electric vehicle battery circularity based on an ecosystem value optimization approach

Engineering and Technology

A digital solution framework for enabling electric vehicle battery circularity based on an ecosystem value optimization approach

A. Kumar, P. Huyn, et al.

Discover a groundbreaking digital solution framework for optimizing battery circularity, enhancing safety, compliance, and value recovery while reducing costs. This innovative research, conducted by Amit Kumar, Pierre Huyn, and Ravigopal Vennelakanti from Hitachi America, reveals how intelligent analytics can transform battery management for a sustainable future.

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Playback language: English
Abstract
A circular economy for batteries is crucial for sustainability. This paper presents a digital solution framework that optimizes five key value drivers for battery circularity: safety, regulatory compliance, carbon footprint reduction, quality, and financials. The framework uses innovative analytical models and a trusted data platform to forecast availability, predict remaining value, minimize reverse logistics costs, and maximize value recovery from end-of-life batteries. The solution can reduce average transportation costs by 11% to 44%, estimate battery health with error rates under 1%, and improve value recovery by 52% to 60%.
Publisher
npj Materials Sustainability
Published On
Oct 12, 2023
Authors
Amit Kumar, Pierre Huyn, Ravigopal Vennelakanti
Tags
circular economy
batteries
sustainability
value recovery
transportation costs
analytics
reverse logistics

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