Renewance traces its origins to 2015 when three visionary leaders, formerly of General Electric’s Energy Storage business, united to address the evolving landscape of industrial battery management. With a shared history at GE, where they spearheaded initiatives in sodium nickel-chloride industrial batteries deployed worldwide, the founders garnered invaluable expertise and insights into the intricacies of the energy storage sector.
The journey to Renewance was catalyzed by a pivotal moment in 2015 when market dynamics shifted, prompting GE to transition away from battery manufacturing due to emerging trends favoring lithium-ion technology and the discovery of a design flaw leading to premature battery failure. This transition saw the decommissioning and recycling of over 2,000 batteries, presenting a myriad of challenges spanning regulatory compliance, transportation logistics, and end-of-life battery take-back protocols.
It was amidst these challenges that the founders recognized an increasing need for comprehensive, cradle-to-grave solutions within the expanding lithium-ion battery industry. Driven by a deep-seated passion for sustainable stewardship and fortified by their collective expertise, Renewance was conceived as a beacon of innovation and integrity, dedicated to reshaping the journey of battery energy storage through robust, end-to-end solutions.
