The U.S. Department of Energy (DoE) made an award to a consortium for a blockchain powered recycling trial for lithium-ion batteries. Blockchain startup Everledger is developing an app to reward consumers for recycling portable batteries found in phones, laptops and other devices as part of the Team Portables consortium.
Other members of the team are HP, Call2recycle and mobile phone company Fairphone.
The aim of the Lithium-Ion Battery Recycling Prize promoted by the DoE is to support solutions that contribute to the capture of up to 90% of lithium-based batteries in the U.S. for recycling or re-introduction of materials into the supply chain. A total of $5.5 million is up for distribution across phased competitions.
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