TY - JOUR
T1 - Circular business models for lithium-ion batteries - Stakeholders, barriers, and drivers
AU - Wrålsen, Benedikte
AU - Prieto-Sandoval, Vanessa
AU - Mejia-Villa, Andres
AU - O'Born, Reyn
AU - Hellström, Magnus
AU - Faessler, Bernhard
N1 - Funding Information:
The authors gratefully acknowledge the experts participating in the Delphi panel. The article is partly based on research performed in the BATMAN project (Lithium ion BATteries – Norwegian opportunities within sustainable end-of-life MANagement, reuse and new material streams) funded by the Norwegian Research Council and its partners (NFR: BATMAN – 299334 ). This article is also part of the project “Desafíos y oportunidades de la implementación de la Economía Circular en las empresas” sponsored by Pontificia Universidad Javeriana ID00009299 and the “Research seedbed in Creativity, innovation and strategy within the framework of the circular economy” from Universidad de La Sabana , in Colombia.
Publisher Copyright:
© 2021 The Authors
PY - 2021/10/1
Y1 - 2021/10/1
N2 - Business models for the circular economy, or circular business models, is a growing field of research applied in various industries. Global sustainability trends, such as electrification of the transport sector and increased energy consumption from renewable sources, have led to rapid growth in the number of batteries produced, especially lithium-ion based batteries. Sustainable lifetime management, including end-of-life, needs development to avoid social and environmental harm and potentially to recapture economic value as the use of these batteries increases. Current research primarily focuses on technical and economic issues based on recycling and the second use of batteries rather than circular business models. This study's purpose is to explore the circular business models, drivers, barriers, and stakeholders required to enable value recapturing. The Delphi panel method was applied to communicate with battery experts from various disciplines. The study's findings reveal that the favored circular business model includes several circular strategies. According to the expert panel, the most critical driver is national and international regulations and policies; the most critical barrier is financial viability; the most critical stakeholders are governments and vehicle manufacturers.
AB - Business models for the circular economy, or circular business models, is a growing field of research applied in various industries. Global sustainability trends, such as electrification of the transport sector and increased energy consumption from renewable sources, have led to rapid growth in the number of batteries produced, especially lithium-ion based batteries. Sustainable lifetime management, including end-of-life, needs development to avoid social and environmental harm and potentially to recapture economic value as the use of these batteries increases. Current research primarily focuses on technical and economic issues based on recycling and the second use of batteries rather than circular business models. This study's purpose is to explore the circular business models, drivers, barriers, and stakeholders required to enable value recapturing. The Delphi panel method was applied to communicate with battery experts from various disciplines. The study's findings reveal that the favored circular business model includes several circular strategies. According to the expert panel, the most critical driver is national and international regulations and policies; the most critical barrier is financial viability; the most critical stakeholders are governments and vehicle manufacturers.
KW - Circular business models
KW - Circular economy
KW - Delphi method
KW - Electric vehicles
KW - Lithium-ion batteries
UR - http://www.scopus.com/inward/record.url?scp=85111052930&partnerID=8YFLogxK
U2 - 10.1016/j.jclepro.2021.128393
DO - 10.1016/j.jclepro.2021.128393
M3 - Article
AN - SCOPUS:85111052930
SN - 0959-6526
VL - 317
JO - Journal of Cleaner Production
JF - Journal of Cleaner Production
M1 - 128393
ER -