Testa has published its 2020 Impact Report, which shows it’s using two blockchain solutions to trace raw materials used in electric vehicle (EV) batteries, ensuring they’re sustainably sourced. One blockchain solution Re|Source, traces cobalt from the Democratic Republic of Congo (DRC), and the other traces nickel sourced from BHP in Australia.
Re|Source was founded by three major DRC cobalt producers, Glencore, China Molybdenum Co (CMOC) and Eurasian Resources Group (ERG), with Kryha as the technology partner. The blockchain solution was publicly unveiled earlier this year, but has been in the works since 2019. Currently, it’s being piloted in the DRC and at EV battery manufacturers in Europe, with plans for U.S. and Asian pilots later this year with a launch in 2022. Tesla’s final pilot is expected in Q4 2021.
“Tesla selected to collaborate with Re|Source because it is industry-led, is designed to be readily accessible and inclusive to all parties across the supply chain and is scalable, which means it can include other critical battery materials in the future,” reads the Tesla report. It will use the solution to ensure it is sustainably sourced.
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