TES
- TES and Galp will combine their expertise in battery recycling, industry, and energy towards an Iberian lithium-ion battery materials circular economy platform.
- This is a logical step in both companies' efforts to address one of the new energy system's top challenges while creating sustainable growth opportunities.
SINGAPORE / ACCESSWIRE / May 12, 2023 / Singapore-headquartered global IT asset lifecycle and battery recycling company TES and European integrated energy company Galp are joining forces to assess the development of a sustainable battery recycling business in Iberia, a vital link for setting up a local and full-cycle battery value chain.
To view this piece of content from www.accesswire.com, please give your consent at the top of this page.The two companies have signed a Memorandum of Understanding (MoU) to jointly undertake the necessary steps to evaluate the feasibility of launching lithium-ion battery recycling operations (which may involve both mechanical and chemical processes) in Iberia.
Galp and TES will engage battery producers, automotive OEMs, EV fleet owners, and other sources of end-of-life batteries for battery material feedstock. The companies will also perform engineering studies aiming to design a competitive and sustainable process to convert the secured feedstock into recycled content battery materials to fully serve the requirements of offtake customers.
Galp has been transforming its businesses as it seeks to become a carbon-neutral energy company by 2050, dedicating more than half of its planned net investments to low-carbon energies and new businesses, including renewables, green hydrogen, low-carbon fuels, and electric mobility. It is also creating a lithium-conversion unit in Portugal, in partnership with a pioneer European battery producer, as the stepping stone to start a local battery value chain.
TES is deeply involved in all aspects of battery lifecycle management for every type of battery configuration, including batteries for electric vehicles (EVs), and is already operating battery recycling sites in Europe, Southeast Asia, and China.
"Lithium-ion batteries are vital for the electrification of mobility, the penetration of renewable energy into electricity systems as well as for a wide range of other applications. We must ensure the long-term availability of key battery materials, and to this end, circularity is essential," said Georgios Papadimitriou, Galp's EVP for Renewables and New Businesses. "Recycling will play a key role in the sustainability of the battery value chain going forward and this will only happen if we put the necessary skills and expertise to work today. That's what Galp and TES are doing," he added.
"We're excited about this MoU. As an organization, Galp has demonstrated its seriousness toward transitioning to a sustainable leader," said Thomas Holberg, Global Vice President of TES Sustainable Battery Solutions. "It is an honour to contribute to this enviable track record," he added.
About TES
TES is a global sustainability and lifecycle services provider with expanding activities in the battery recycling market. With lithium-ion battery recycling facilities already in Singapore, Shanghai (China), Grenoble (France), and its projected sites in Australia and Rotterdam, TES is committed to improving the collection and recycling of portable and EV batteries to close the loop on battery materials and to support the European Union's goals laid out in the European Green Deal and the Critical Raw Materials Act. For more information about TES, visit https://www.tes-amm.com/.
About Galp
Galp is an energy company committed to the development of efficient and sustainable solutions in its operations and in integrated offers to its customers. We create simple, flexible, and competitive solutions for the energy or mobility needs of large industries, as well as small and medium-sized businesses and individual consumers. Our offer includes various types of energy - from electricity produced from renewable sources to natural gas and liquid fuels. As a producer, we extract oil and natural gas from reservoirs located miles below sea level while also being one of the largest Iberian producers of solar-based electricity. We contribute to the economic development of the 10 countries where we operate and to the social progress of the communities that welcome us. We are, therefore, leaders in our sector in the world's main sustainability indices. Galp has 6,360 employees. For more information, visit www.galp.com.
Contact Information
Maria Penaloza
Media Advantage Strategist
maria.penaloza@newswire.com
Anne Weiser
Client Success Manager
anne@newswire.com
941-586-6765
SOURCE: TES
To view this piece of content from stats.newswire.com, please give your consent at the top of this page.View source version on accesswire.com:
https://www.accesswire.com/754472/TES-and-Galp-to-Jointly-Explore-Recycling-of-Lithium-Ion-Battery-Materials-in-Iberia
To view this piece of content from www.accesswire.com, please give your consent at the top of this page.
About ACCESS Newswire
Subscribe to releases from ACCESS Newswire
Subscribe to all the latest releases from ACCESS Newswire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from ACCESS Newswire
Clean Air Metals Announces 2026 Strategic Objectives in Historically Strong PGE and Copper Markets13.1.2026 01:10:00 CET | Press release
THUNDER BAY, ON / ACCESS Newswire / January 12, 2026 / Clean Air Metals Inc. ("Clean Air Metals" or the "Company") (TSXV:AIR)(FRA:CKU0(OTCQB:CLRMF) is pleased to provide an overview of its 2026 objectives and highlights of 2025, for its 100%-owned Thunder Bay North ("TBN") Critical Minerals Project in Northwestern Ontario. Critical Project Advancement Objectives Spot prices for platinum, copper and palladium have appreciated by 70% (1000 $/oz), 25% (1.20 $/lb) and 50% 624($/oz) respectively versus study prices, since the results of the Preliminary Economic Assessment (PEA) were announced in the October 9th release. Using the financial model published in the PEA and applying current spot metal prices (as of January 6th), the TBN project shows a $708M1 NPV8 and a pre-tax IRR of 100% (post-tax NPV8 = $494M1 and IRR = 84%).This is a significant improvement in the project outlook in comparison to the PEA results that featured a $219.4M2 pre-tax NPV8 and a pre-tax IRR of 39%. This year, cons
Germany Buys Eight MQ-9B SeaGuardian(R) RPA Through NSPA12.1.2026 20:00:00 CET | Press release
NSPA Supports NATO Countries in the Acquisition and Sustainment of GA-ASI's Advanced Multi-Domain RPA SAN DIEGO, CALIFORNIA / ACCESS Newswire / January 12, 2026 / Germany's Federal Office of Bundeswehr Equipment, Information Technology and In-Service Support and the NATO Support and Procurement Agency (NSPA) have announced the procurement of eight MQ-9B SeaGuardian® Remotely Piloted Aircraft (RPA) from General Atomics Aeronautical Systems, Inc. (GA-ASI). The program includes four Certifiable Ground Control Stations. First delivery is expected in 2028. Germany joins a growing list of NATO countries that have selected GA-ASI's advanced MQ-9B RPA for its multi-domain capabilities with exceptionally long range and endurance. The platform provides pole-to-pole satellite control and de-icing capabilities to enable missions in cold climates. SeaGuardian features two multi-mode surface-search radars that deliver wide-area maritime surveillance, with an option to add Anti-Submarine Warfare capa
Datavault AI Announces Target to Expand its AI Driven Data Monetization Network to Over 100 Cities Across the Contiguous United States, Starting in the Second Half of 2026 with Corresponding 2027 Revenue Target12.1.2026 14:05:00 CET | Press release
Datavault AI expects to have a fully operational network with over 100 nodes across 33 cities nationwide, generating revenue in the second half of 2026. Target revenue for this project is $400 to $500 million, thereby supporting the $200 million revenue guidance for 2026. With the full deployment of Datavault AI's nodes across 100+ cities throughout the United States, the 2027 revenue target is $2.0 to $3.0 billion for 2027. New York and Philadelphia edge network activation positions Datavault AI to potentially capture a significant share of the insurance and financial sectors, the healthcare industry, and enterprise opportunities. PHILADELPHIA, PENNSYLVANIA / ACCESS Newswire / January 12, 2026 / Datavault AI Inc. (Nasdaq:DVLT), a leader in AI-driven data valuation, monetization, credentialing, and digital engagement technologies, today highlighted the strategic importance of its New York and Philadelphia edge network deployment with Available Infrastructure's SanQtum AI platform. This
OBI Pharma and TegMine Therapeutics Sign Exclusive Global License Agreement for Glycan-Targeting ADC12.1.2026 13:00:00 CET | Press release
Successful Delivery of Commissioned ADC Candidate to Advance the Collaboration Between OBI and TegMine TAIPEI, TW / ACCESS Newswire / January 12, 2026 / OBI Pharma (4174.TWO) announced that it has entered into a commercial license agreement with TegMine Therapeutics, Inc. (TegMine), a San Francisco-based biopharma focused on developing antibodies targeting cancer-associated glycans and glycoproteins, for a glycan-targeting ADC. Under the terms of the agreement, OBI is eligible to receive an upfront payment as well as development and commercial milestones. Following product launch, OBI will also receive royalties based on a tiered percentage of annual net sales. While the detailed financial terms are not disclosed in accordance with the confidentiality provisions, the overall deal economics are broadly comparable to those of recent similar licensing transactions in the market. TegMine will obtain the exclusive global rights to develop and commercialize the ADC under the license agreemen
Charlie's Holdings (OTCQB:CHUC) Signs Agreement with IKE Tech to Commercialize Transformational Age-Gated Vapes that Will Address FDA Concerns Related to Youth Access12.1.2026 12:00:00 CET | Press release
SBX Product Line Will Feature First-Ever AI-Powered Blockchain-Based Age-Gating System for Vape Products IKE's patented biometric BLE Bluetooth chip and blockchain-based app will enable Charlie's to ensure that underage individuals will not be able to activate or utilize the Company's age-gated products. The IKE Licensing Agreement provides CHUC with a first mover advantage in youth access prevention (one of the FDA's top priorities) and a three-year exclusivity period for age-gated nicotine analogue products. Charlie's will test market the IKE age-gating system this spring with the Company's popular SBX nicotine analogue product line; simultaneously, Charlie's intends to incorporate the revolutionary technology into its PACHA branded Electronic Nicotine Delivery Systems (ENDS). COSTA MESA, CA / ACCESS Newswire / January 12, 2026 / Charlie's Holdings, Inc. (OTCQB:CHUC) ("Charlie's" or the "Company"), an industry leader in the premium vapor products space, today reported that the Compan
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom