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If you've got an old lithium-ion battery in your trunk, there's a good chance it could be worth a lot more money than it would have been if it had been sent to a battery recycling plant.
That's because a company called Princeton NuEnergy has developed a process that uses low-temperature plasma to separate the battery's outer layers from its inner layers, and the resulting " Cathode-to-Cathode" recycling process is said to be twice as efficient as traditional methods, the New York Times reports.
The company says it has received $10.3 million in new funding from investors, which will be used to build a battery manufacturing facility in the southeastern US, the Times notes.
The process, which separates the outer layers of the battery from its inner layers, "is setting new standards in the reclamation of critical materials, making the recycling process both sustainable and cost-effective," the company says in a press release.
The Times notes that traditional methods of recycling lithium-ion batteries involve sending them to factories in other countries, where they're either sold to Original Equipment Manufacturers (OEMs) or turned into new batteries, which are then sent back to the US for recycling.
PNE's process, however, doesn'
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