SYNETIQ, an IAA company and the UK’s leading integrated vehicle salvage, dismantling, and recycling company, is proud to announce a strategic collaboration with clean-tech innovator Allye Energy. The agreement marks a significant stride towards the sustainable transformation of end-of-life electric vehicle batteries.
The company has finalised a crucial supply agreement with Allye Energy, a trailblazing smart battery technology platform specialising in distributed energy storage at the grid edge. This collaborative effort focuses on the repurposing of electric vehicle battery packs for MAX Battery Energy Storage System (BESS).
A substantial influx of nearly new EV battery packs will be sourced through SYNETIQ’s exclusive agreements with leading insurers and leasing providers, forming a robust supply chain foundation.
As the collaborative journey with Allye Energy unfolds, the shared objective is to use Allye’s proprietary diagnostic technology to assess and repurpose as many usable battery packs as possible. This strategic collaboration positions SYNETIQ at the forefront of driving innovation and sustainability within the vehicle recycling industry.
Tom Rumboll, UK Managing Director for IAA and CEO of SYNETIQ, said:
“We’re excited to work with Allye to repurpose entire EV battery packs and address a key challenge in our industry. Having a safe, climate-conscious, and affordable solution for EV batteries is crucial to maximising their environmental and economic benefits, in total alignment with SYNETIQ’s core principles. Working together to promote reuse will build strong and sustainable markets, benefiting consumers, the automotive sector, and the planet.”
Jack Levy, COO and Co-Founder of Allye, commented:
“We are delighted to work together with SYNETIQ, an organisation that shares our commitment to being an ally to the grid, society, and the planet, as we work together for a more sustainable future. Our unique approach to repurposing the whole EV battery pack is the most sustainable way to deliver energy storage at scale, making best use of the finite resources available and helping ensure every EV battery has another chance to deliver what it was designed to do. Our unique approach at Allye allows us to build battery systems that provide flexibility and circularity at their core, by integrating cells of mixed chemistries, assorted voltage ranges, varying capacity and mixed state-of-health.”