The Hague, The Netherlands, November 16, 2023 - Circularise, a leading Battery Passport provider, has partnered with Germany's P3, an independent international consulting, engineering, and software development company. This collaboration aims to equip automotive Original Equipment Manufacturers (OEMs) and battery suppliers with a comprehensive solution to comply with complex battery regulations, manage risks, enhance supply chain transparency, and support them in achieving their sustainability targets.
Starting in 2027, all EV and industrial battery manufacturers selling in the EU will need a battery passport. Japan is set to introduce a disclosure requirement for EV battery CO2 emissions in 2024, while the USA's Inflation Reduction Act already mandates a record of a battery’s composition and production history. Next to that, new digital technologies are developing faster than ever, and more players are crowding the market. These dynamics create enormous pressure and thus prepare the ground for incomplete and immature solutions. To address these regulatory and technological shifts, Circularise and P3 have formed a strategic partnership.
Circularise brings its unmatched expertise in Battery Passport technology to the table, while P3 offers its established consultancy services and powerful LCA tools. This partnership aims to revolutionize the battery and automotive sectors by providing a unified solution for complete supply chain visibility and compliance with current and future regulations.
Dr. Shyaam Ramkumar, Head of Growth Strategy at Circularise, states, "Today, obtaining primary data beyond tier-1 suppliers is extremely hard. Our collaboration with P3 is crucial in developing solutions that provide automotive OEMs and their battery suppliers with full supply chain visibility and verified data management to comply with battery regulations. We are excited to combine our strengths with P3 to help businesses meet their operational and sustainability goals."
“Many of our customers are initiating the development of a battery passport for their products and are in need of assistance both regarding the regulatory requirements as well as the technological challenges. This is why we partnered with Circularise to support our clients with a holistic approach to the topic of battery passports,” says Zida Liu, Senior E-Mobility Consultant at P3.
The joint approach consists of two parts:
- Strategy and implementation consulting: Given the uncertainty around which technologies will prevail, the actual demand, the origin of raw materials, and potential partnerships, setting up digital battery passports is challenging. P3 offers comprehensive strategic advice and implementation support to navigate these complexities.
- Battery Passport technology: As battery regulations evolve, manufacturers are now required to report on the sourcing, performance, and durability of their batteries, as well as their product carbon footprint, following JRC rules. This necessitates primary data collection from supply chains, often beyond tier 1. Circularise’s traceability solution facilitates this data collection, while their blockchain-based battery passport consolidates necessary reporting data, allowing for public verification and selective sharing in line with regulatory demands.
With over two decades of experience advising OEMs on supply chain operations, P3 is joining forces with Circularise, known for its collaborations with companies like Porsche, Shell, PPG, and others. Together they will accelerate the creation of a robust battery passport infrastructure enhancing transparency and promoting sustainability within the EV battery and automotive sectors.