All case studies
    Investment · Recycling

    Evaluating a battery recycling investment

    A reference case where participants size a recycling opportunity end to end: process choice, feedstock pipeline, recovery economics, and the regulatory tailwinds that decide whether the model works.

    The opportunity

    A growth-stage recycler raising capital to scale a hydrometallurgical black mass refining line in Europe. Strong policy backdrop under the EU Battery Regulation, but feedstock pricing and recovery yields are the swing variables.

    What gets analysed

    Process choice (hydromet vs pyromet vs direct recycling), feedstock supply by source (EV scrap, gigafactory production scrap, consumer cells), recovery rates by material, opex per tonne, and capex intensity.

    Recommendation

    Investable if feedstock is contracted ahead of capacity and the team controls a refining step that captures lithium, not just nickel and cobalt. Walk away if recovery economics depend on persistently high metal prices.

    Work cases like this inside the programme

    Every BatteryMBA cohort runs an optional case study track where participants build recommendations on live industry questions, mentored by lecturers working on the same problems.

    Apply to the next cohort

    Ready to Lead the Battery Revolution?

    Join 850+ alumni from 60+ countries who have transformed their careers with BatteryMBA.

    C18 starts September 2026 · Rolling admissions, limited seats