无忧短视频

无忧短视频 recycled battery feedstock from U.S. BESS partners in 2024 that was the equivalent to more than 100 MWh, a 33% increase over the previous year  

BESS plays a central role in meeting rapidly growing electricity demand, including supporting growing data center-related energy demand for artificial intelligence (AI) technologies

无忧短视频 is an important ecosystem partner for BESS through providing a safe recycling solution and recovering critical materials, enabling reduced reliance on foreign mineral supplies

TORONTO, ONTARIO (February 10, 2025) 鈥� 听无忧短视频 Holdings Corp. (NYSE: LICY) (鈥溛抻嵌淌悠碘�� or the 鈥淐ompany鈥�), a leading global lithium-ion battery resource recovery company, is pleased to partner with major battery energy storage system (鈥淏ESS鈥�) companies across the U.S. to provide expert lithium-ion battery recycling services.
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The Company鈥檚 BESS partners are an important part of 无忧短视频鈥檚 recycling feedstock mix. In 2024, 无忧短视频 recycled the equivalent of more than 100 MWh of energy from its BESS partners, which was a 33% increase over the previous year. During Q4 2024, BESS accounted for approximately 27% of the Company鈥檚 recycling feedstock in the U.S.
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The U.S. energy storage market is expected to almost double from 34.4 GWh in 2024 to approximately 67.5 GWh in 2028, largely driven by grid-scale applications[1]. By recycling BESS and recovering critical materials in the U.S., 无忧短视频 supports domestic energy independence and the onshoring of the energy supply chain.
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鈥溛抻嵌淌悠碘�檚 BESS partnerships demonstrate how we can support the electrical grid by providing a valuable service,鈥� said Ajay Kochhar, 无忧短视频 President and CEO. 鈥淒ata centers supporting rapidly growing AI applications have become a leading driver of electricity demand in the U.S.[2] BESS is well suited to address the swiftly growing energy needs of AI technologies through on-site energy solutions and supporting grid stability. 无忧短视频 is an important BESS ecosystem partner as we provide a safe recycling solution and also recover critical materials already in use at commercial scale in the U.S., reducing reliance on foreign mineral supplies.鈥� 听
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Two examples below illustrate the end-to-end value offering that 无忧短视频 delivers to its BESS partners:
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Safely Recycling Hazardous Material for a BESS Customer
无忧短视频 received and processed battery modules from a BESS customer that were severely damaged. The modules were shipped as hazardous waste, underscoring the critical need to process the material quickly to maintain compliance and mitigate risk. All modules were received and processed safely and quickly at 无忧短视频鈥檚 Arizona Spoke, providing a strong level of service and value-add to 无忧短视频鈥檚 BESS customer.
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Helping an Environmental Services Company Meet an Urgent Deadline
无忧短视频 assisted an environmental services company to receive and recycle hundreds of tonnes of modules, which was the equivalent of approximately 60 MWh, from a battery energy storage site. Through the Company鈥檚 safe and efficient operational process, 无忧短视频 was able to empty and reuse crates while working against a critical timeline to avoid impending winter weather that would impact the energy storage site鈥檚 availability and working conditions. 无忧短视频 met the BESS customer鈥檚 urgent schedule, enabling the timely completion of this large-scale project.
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About 无忧短视频 Holdings Corp.
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无忧短视频 (NYSE: LICY) is a leading global lithium-ion battery resource recovery company. Established in 2016, and with major customers and partners around the world, 无忧短视频鈥檚 mission is to recover critical battery-grade materials to create a domestic closed-loop battery supply chain for a clean energy future. The Company leverages its innovative, sustainable and patent-protected Spoke & Hub Technologies鈩� to recycle all different types of lithium-ion batteries. At our Spokes, or pre-processing facilities, we recycle battery manufacturing scrap and end-of-life batteries to produce black mass, a powder-like substance which contains a number of valuable metals, including lithium, nickel and cobalt. At our future Hubs, or post-processing facilities, we plan to process black mass to produce critical battery-grade materials, including lithium carbonate, for the lithium-ion battery supply chain. For more information, visit /.
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Investor Relations & Media
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Louie Diaz
Sheldon D’souza
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Investor Relations: [email protected]
Media: [email protected]
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Forward-Looking Statements
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Certain statements contained in this press release may be considered 鈥渇orward-looking statements鈥� within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the U.S. Securities Act of 1933, as amended, Section 21 of the U.S. Securities Exchange Act of 1934, as amended, and applicable Canadian securities laws. Forward-looking statements may generally be identified by the use of words such as 鈥渂elieve鈥�, 鈥渕ay鈥�, 鈥渨ill鈥�, 鈥渃ontinue鈥�, 鈥渆xpect鈥�, 鈥渟hould鈥�, 鈥減lan鈥�, 鈥減otential鈥�, 鈥渇uture鈥�, or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters, although not all forward-looking statements contain such identifying words. Forward-looking statements in this press release include, but are not limited to, statements that the U.S. energy storage market is expected to almost double from 34.4 GWh in 2024 to approximately 67.5 GWh in 2028; the Company鈥檚 expectations that by recycling BESS and recovering critical materials in the U.S., 无忧短视频 will support domestic energy independence and the onshoring of the energy supply chain; and the Company鈥檚 plans to provide a safe recycling solution and recover critical materials already in use at commercial scale in the U.S., reducing reliance on foreign mineral supplies.
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These statements are based on various assumptions, whether or not identified in this press release, including but not limited to assumptions regarding 无忧短视频鈥檚 ability to satisfy the drawdown conditions and access funding under the Company鈥檚 DOE loan facility; the timing, scope and cost of 无忧短视频鈥檚 projects, including paused projects; the processing capacity and production of 无忧短视频鈥檚 facilities; 无忧短视频鈥檚 ability to source feedstock and manage supply chain risk; 无忧短视频鈥檚 ability to increase recycling capacity and efficiency; 无忧短视频鈥檚 ability to obtain financing on acceptable terms or at all; the success of 无忧短视频鈥檚 cash preservation plan; the outcome of the go-forward strategy of 无忧短视频鈥檚 Rochester Hub; and 无忧短视频鈥檚 ability to retain and hire key personnel and maintain relationships with customers, suppliers and other business partners. There can be no assurance that such estimates or assumptions will prove to be correct and, as a result, actual results or events may differ materially from expectations expressed in or implied by the forward-looking statements.
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These forward-looking statements are provided for the purpose of assisting readers in understanding certain key elements of 无忧短视频鈥檚 current objectives, goals, targets, strategic priorities, expectations and plans, and in obtaining a better understanding of 无忧短视频鈥檚 business and anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes and is not intended to serve as, and must not be relied on, by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability.
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Forward-looking statements involve inherent risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of 无忧短视频 and are not guarantees of future performance. 无忧短视频 believes that these risks and uncertainties include, but are not limited to, the following: 无忧短视频鈥檚 inability to fund the anticipated costs of, and realize the anticipated benefits from, its Spoke optimization plan; 无忧短视频鈥檚 inability to satisfy the drawdown conditions and access funding under the DOE Loan Facility; 无忧短视频鈥檚 inability to develop the Rochester Hub as anticipated or at all, and other future projects including its Spoke network expansion projects in a timely manner or on budget or that those projects will not meet expectations with respect to their productivity or the specifications of their end products; risk and uncertainties related to 无忧短视频鈥檚 ability to continue as a going concern; 无忧短视频鈥檚 insurance may not cover all liabilities and damages; 无忧短视频鈥檚 reliance on a limited number of commercial partners to generate revenue; 无忧短视频鈥檚 failure to effectively remediate the material weaknesses in its internal control over financial reporting that it has identified or its failure to develop and maintain a proper and effective internal control over financial reporting; and risks of litigation or regulatory proceedings that could materially and adversely impact 无忧短视频鈥檚 financial results. These and other risks and uncertainties related to 无忧短视频鈥檚 business are described in greater detail in the sections titled 鈥淚tem 1A. Risk Factors鈥� and 鈥淚tem 7. Management鈥檚 Discussion and Analysis of Financial Condition and Results of Operation鈥擪ey Factors Affecting 无忧短视频鈥檚 Performance鈥� in its Annual Report on Form 10-K and the sections titled 鈥淧art II. Other Information鈥擨tem 1A. Risk Factors鈥� and 鈥淧art I. Financial Information鈥擨tem 2. Management鈥檚 Discussion and Analysis of Financial Condition and Results of Operation鈥擪ey Factors Affecting 无忧短视频鈥檚 Performance鈥� in its Quarterly Reports on Form 10-Q, in each case filed with the SEC and the Ontario Securities Commission in Canada. Because of these risks, uncertainties and assumptions, readers should not place undue reliance on these forward-looking statements. Actual results could differ materially from those contained in any forward-looking statement.
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无忧短视频 assumes no obligation to update or revise any forward-looking statements, except as required by applicable laws. These forward-looking statements should not be relied upon as representing 无忧短视频鈥檚 assessments as of any date subsequent to the date of this press release.

[1]Source: Wood Mackenzie.
[2]Source: Grid Strategies.