Cirba Solutions Unveils New Combined Entity of Heritage Battery Recycling, Retriev Technologies, and Battery Solutions, Designed to Build Circular Battery Supply Chain
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CHARLOTTE, N.C.--(BUSINESS WIRE)--Cirba Solutions is now the combined entity representing Heritage Battery Recycling, Retriev Technologies, and Battery Solutions, creating the most experienced and comprehensive battery management and materials platform enabling a circular battery supply chain for the industry. The company's focus on lithium-ion batteries, required for the rapidly growing electric vehicle industry, is supported by its robust end-to-end solution for all types of battery recycling and processing. Its expansive footprint includes six processing locations in North America, including two lithium-ion operations, and will be rapidly expanding with additional materials processing sites being selected this year.

"Our society is experiencing a rapid electrification transformation. Cirba Solutions, which signifies where circularity and batteries come together, is the most experienced and trusted company to handle the entire battery management process for our customers and we have the expertise to grow our services to meet the scope and scale of the upcoming future," said David Klanecky, CEO, Cirba Solutions. "A key to our success will be to address the complexity of the circular supply chain for customers to meet the industry's need for lithium-ion batteries."

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The company has fundamentally expanded its operational capabilities and industry expertise in the last eight months:

• In October 2021, Retriev Technologies combined with Heritage Battery Recycling to create the largest lithium-ion battery recycler in North America.
• In March 2022, the company appointed battery-industry veterans David Klanecky as CEO and Luke Kissam as Chairman of the Board to join the leadership team.
• In that same month, the company acquired Battery Solutions, the North American leader in sustainable, end-to-end management solutions for end-of-life batteries.

Cirba Solutions has a well-established heritage through its predecessor companies. Retriev Technologies was the largest and most experienced cross-chemistry battery recycler in North America and has recycled more than 50 million pounds of lithium-ion batteries. For more than 30 years, it has seen battery technology change and has adapted to meet market needs through innovation, customer collaboration, and laser-focused execution.

Battery Solutions built the largest North American post-consumer battery sorting services with a transportation, logistics, and collection infrastructure that can collect any volume of batteries of any type throughout the continent and leads the industry in compliance and safety. Processing tens of millions of pounds of end-of-life batteries annually with more than 7,000 customers, covering collection, services, and battery-centric logistics, this supports the battery management efforts for the circular supply chain.

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"Cirba Solutions is the only player in the market today that has an operational, differentiated business with a full suite of capabilities to address lithium-ion and cross-chemistry battery demand," said Klanecky. "Plus our differentiated technology roadmap provides a technical foundation for significant gains in upgrading materials while servicing the industry needs for today."

The industry is preparing for the growing demand of electric vehicles in North America, which is estimated to grow from two million cars on the road today to 118 million by 2040. Auto manufacturers have committed to invest more than $500 billion in electrifying their fleet. Demand for new metals is anticipated to grow three-fold over the next eight years, enabling battery recycling as a viable and more sustainable resource for the overall EV supply chain.

"We are servicing the needs of today and supporting our future generations with sustainable solutions for the planet," said Klanecky.

More information is available at www.cirbasolutions.com.

Contacts

Kristy Finch
kristy.finch@omalleyhansen.com
773.621.2893

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