Clean Energy Trust invests in battery lifecycle SaaS company Renewance

Clean Energy Trust, a nonprofit that makes seed investments in clean-tech startups from the US Midwest, has announced an investment in Renewance, a provider of a software-as-a-service (SaaS) platform for battery lifecycle management.

Renewance provides battery management solutions to the energy storage and EV industries. Services include: enabling clients with defective or end-of life batteries to compare, select and contract with battery recyclers on the Renewance Connect platform; turnkey recycling solutions; and other services to facilitate management of energy storage assets throughout the full lifecycle.

Renewance Connect allows users to request a quote from registered waste logistics providers and recyclers when they have DDR (damaged, defective, recalled) or end-of-life batteries. They can then select the most cost-competitive offer.

“It is critical that clean-tech innovation continues unabated during these challenging times, as climate change remains an existential risk,” said Erik Birkerts, CEO of Clean Energy Trust. “We have worked hard to maintain our catalytic investment activity and entrepreneurial support during the current crisis, and we are delighted to welcome Renewance to our portfolio of impactful, cleantech startups.”

Source: Clean Energy Trust via Green Car Congress