Li-Cycle makes innovation list

Li-Cycle Corp. has been recognized by Fast Company’s World Changing Ideas Awards for its innovative technology playing an important role in building a better world.

Fast Company’s World Changing Ideas Awards honour businesses, policies, projects, and concepts that pursue innovation. Fast Company received an all-time record of entries this year and Li-Cycle’s Spoke & Hub Technologies was selected both as a finalist in the General Excellence category and an honourable mention in the Best World Changing Idea North America category.

Li-Cycle’s technology applies a low temperature, wet chemistry processing approach to recycling all types of lithium-ion batteries and is able to recover up to 95% of the critical, finite materials within these batteries.

“We are thrilled to have our innovative and proven lithium-ion battery recycling technology recognized as a World Changing Idea by Fast Company,” said Ajay Kochhar, president, CEO and co-founder of Li-Cycle.

“Our technology is critical for the growth of the electric vehicle revolution, enabling a sustainable, affordable, abundant and circular supply of the batteries that are playing an increasingly important role in powering the global economy.”

Now in its fifth year, the World Changing Ideas Awards showcase 33 winners, more than 400 finalists, and more than 800 honourable mentions—with Health and Wellness, AI & Data among the most popular categories.

A panel of Fast Company editors and reporters selected winners and finalists from a pool of more than 4,000 entries across transportation, education, food, politics, technology, and more. Sseveral new categories were added, including Pandemic Response, Urban Design, and Architecture. The 2021 awards included entries from across the globe, from Brazil to Denmark to Vietnam.