Coherent Evaluates Strategic Alternatives for its Advanced Lithium-Ion Battery Recycling Technology
Coherent Corp. (NYSE: COHR) announced it will evaluate strategic alternatives for its SHARP™ (Streamlined Hydrometallurgical Advanced Recycling Process) technology, which efficiently recovers and recycles critical metals from lithium-ion batteries. The technology achieves over 97% recovery of critical metals (Ni, Co, and Li) and offers significant cost advantages including 55% lower CAPEX, 45% lower plant footprint, and 60% lower reagents/utilities compared to common processes.
SHARP™ technology produces cathode precursors directly from battery waste, eliminating extensive metal separation steps. The process features zero liquid discharge and no toxic waste production. The company has successfully scaled up the technology, with test results showing performance comparable to pristine materials in battery applications.
Coherent Corp. (NYSE: COHR) ha annunciato che valuterà alternative strategiche per la sua tecnologia SHARP™ (Processo Avanzato di Riciclo Idrometallurgico Semplificato), che recupera e ricicla in modo efficiente metalli critici dalle batterie agli ioni di litio. La tecnologia raggiunge un recupero superiore al 97% dei metalli critici (Ni, Co e Li) e offre vantaggi significativi in termini di costi, tra cui un CAPEX inferiore del 55%, un footprint dello stabilimento inferiore del 45% e un uso di reagenti/utilità inferiore del 60% rispetto ai processi comuni.
La tecnologia SHARP™ produce precursori di catodi direttamente dai rifiuti delle batterie, eliminando ampie fasi di separazione dei metalli. Il processo presenta zero scarico liquido e nessuna produzione di rifiuti tossici. L'azienda ha scalato con successo la tecnologia, con risultati di test che mostrano prestazioni comparabili a materiali pristini nelle applicazioni delle batterie.
Coherent Corp. (NYSE: COHR) anunció que evaluará alternativas estratégicas para su tecnología SHARP™ (Proceso Avanzado de Reciclaje Hidrometalúrgico Simplificado), que recupera y recicla de manera eficiente metales críticos de las baterías de iones de litio. La tecnología logra un recupero superior al 97% de metales críticos (Ni, Co y Li) y ofrece ventajas significativas en costos, incluyendo un CAPEX un 55% más bajo, un espacio de planta un 45% más pequeño y un uso de reactivos/utilidades un 60% más bajo en comparación con los procesos comunes.
La tecnología SHARP™ produce precursores de cátodos directamente de los desechos de las baterías, eliminando pasos extensos de separación de metales. El proceso presenta cero descarga líquida y ninguna producción de residuos tóxicos. La compañía ha escalado exitosamente la tecnología, con resultados de pruebas que muestran rendimiento comparable a materiales vírgenes en aplicaciones de baterías.
코히런트 코프. (NYSE: COHR)는 리튬 이온 배터리에서 중요한 금속을 효율적으로 회수하고 재활용하는 SHARP™ (간소화된 수리해리술 고급 재활용 프로세스) 기술의 전략적 대안을 평가할 것이라고 발표했습니다. 이 기술은 중요한 금속(Ni, Co 및 Li)의 97% 이상의 회수율을 달성하며, 일반적인 프로세스에 비해 55% 낮은 CAPEX, 45% 작은 공장 배치 면적, 60% 낮은 시약/공공 요금과 같은 상당한 비용 이점을 제공합니다.
SHARP™ 기술은 배터리 폐기물에서 직접 양극 전구체를 생산하여 금속 분리 단계를 대폭 줄입니다. 이 과정은 액체 배출이 없으며 독성 폐기물이 발생하지 않습니다. 회사는 기술을 성공적으로 확장했으며, 테스트 결과는 배터리 응용 프로그램에서 순수한 재료와 유사한 성능을 보여주고 있습니다.
Coherent Corp. (NYSE: COHR) a annoncé qu'elle allait évaluer des alternatives stratégiques pour sa technologie SHARP™ (Processus de Recyclage Hydrométallurgique Avancé Simplifié), qui récupère et recycle efficacement des métaux critiques à partir de batteries lithium-ion. La technologie atteint un taux de récupération supérieur à 97% des métaux critiques (Ni, Co et Li) et offre des avantages significatifs en termes de coûts, notamment 55 % de CAPEX en moins, 45 % de réduction de l'empreinte des installations, et 60 % de réduction des réactifs/utilités par rapport aux processus courants.
La technologie SHARP™ produit des précurseurs de cathodes directement à partir des déchets de batteries, éliminant ainsi des étapes de séparation des métaux. Le processus présente aucun rejet liquide et aucune production de déchets toxiques. L'entreprise a réussi à développer la technologie, avec des résultats de tests montrant des performances comparables à celles des matériaux vierges dans les applications de batteries.
Coherent Corp. (NYSE: COHR) gab bekannt, dass sie strategische Alternativen für ihre SHARP™ (Vereinfachter Hydrometallurgischer Fortgeschrittener Recyclingprozess)-Technologie bewerten wird, die kritische Metalle aus Lithium-Ionen-Batterien effizient zurückgewinnt und recycelt. Die Technologie erreicht eine Rückgewinnung von über 97% der kritischen Metalle (Ni, Co und Li) und bietet erhebliche Kostenvorteile, darunter 55% geringere CAPEX, 45% geringerer Platzbedarf und 60% geringerer Bedarf an Reagenzien/Versorgungen im Vergleich zu gängigen Prozessen.
Die SHARP™-Technologie produziert Kathoden-Vorläufer direkt aus Batteriemüll und beseitigt umfangreiche Metalltrennungsprozesse. Der Prozess weist keinen Flüssig-Ausschuss und keine giftigen Abfälle auf. Das Unternehmen hat die Technologie erfolgreich skaliert, wobei die Testergebnisse eine Leistung zeigen, die mit reinen Materialien in Batterien vergleichbar ist.
- Technology achieves >97% recovery rate of critical metals
- 55% lower CAPEX compared to traditional processes
- 60% lower reagents/utilities costs
- 45% smaller plant footprint requirement
- 52% lower CO2 emissions
- Zero liquid discharge and no toxic waste production
- Successfully scaled up with proven performance
- Company seeking to divest or restructure SHARP™ technology ownership, indicating potential strategic shift
- No immediate revenue impact disclosed from the technology
Insights
The strategic evaluation of Coherent's SHARP technology represents a significant potential value creation opportunity in the rapidly growing lithium-ion battery recycling market. The technology's impressive metrics - including
The timing of this strategic review aligns with increasing regulatory pressure for sustainable battery solutions and rising demand for critical battery metals. With major automakers ramping up EV production and battery manufacturers seeking sustainable material sources, SHARP's zero-waste process and superior economics could attract significant interest from strategic buyers or partnership opportunities.
SHARP's technological advantages over traditional hydrometallurgical processes are substantial. The elimination of complex separation steps while maintaining high purity output is a significant breakthrough in battery recycling. The technology's ability to produce cathode precursors directly from battery waste, combined with its verified performance matching pristine materials, demonstrates remarkable technical maturity.
The
PITTSBURGH, Dec. 12, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, today announced that as a result of an ongoing strategic portfolio assessment, the company will evaluate strategic alternatives for its Streamlined Hydrometallurgical Advanced Recycling Process (SHARP™) technology to efficiently recover and recycle critical metals from lithium-ion batteries (LiBs).
With the increasing global demand for LiBs, driven by electric vehicles, energy storage systems, electronics, and other applications, the recycling of end-of-life LiBs is more critical than ever. SHARP™ technology addresses this challenge by enabling the production of cathode precursors and materials suitable for new LiB production directly from LiB waste. Unlike traditional hydrometallurgical processes, SHARP eliminates the need for extensive critical metal separation and purification steps.
The benefits of the SHARP technology include:
- High Recovery Rates: >
97% recovery of critical metals (Ni, Co, and Li) - Cost Efficiency vs. Common Processes:
55% lower CAPEX,45% lower plant footprint,60% lower reagents/utilities and52% lower CO2 emissions - Environmentally friendly: zero liquid discharge, no toxic solid/gas/liquid waste
SHARP has been successfully scaled up, and its products have undergone rigorous evaluation. Results demonstrate that the materials produced perform on par with pristine materials in battery applications, confirming their suitability for high-performance lithium-ion batteries.
Interested investors are encouraged to contact Tim Challingsworth, Vice President, Strategy and Corporate Development, at tim.challingsworth@coherent.com. The company does not anticipate making further public comments regarding this matter until a material development occurs.
About Coherent
Coherent empowers market innovators to define the future through breakthrough technologies, from materials to systems. We deliver innovations that resonate with our customers in diversified applications for the industrial, communications, electronics, and instrumentation markets. Coherent has research and development, manufacturing, sales, service, and distribution facilities worldwide. For more information, please visit us at coherent.com.
Media Contact:
Amy Wilson
Corporate Communications & Investor Relations
corporate.communications@coherent.com
FAQ
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