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Technology giants pour 1.2 million into the island for battery recycling

July 6, 2024
in El Dia
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Technology giants pour 1.2 million into the island for battery recycling

Two technology giants in the renewable energy sector are betting on Tenerife to develop projects related to sustainability and the environment. EAVE, the fastest-growing Canarian startup in Spain within the sector, and Tecnalia, the largest centre for applied research and technological development in the country, have just announced that they will be collaborating with the Technological Institute of Renewable Energies (ITER) – an entity of the Tenerife Island Council – on projects to reutilise batteries and thus enhance recycling in the circular economy. This was announced yesterday by Rosa Dávila, president of the Island’s Corporation, during a meeting with representatives of these two companies in which the Innovation, Research, and Technological Development Councillor, Juan José Martínez, and ITER’s CEO, Begoña Ortiz, were also present. Dávila stressed: “This collaboration demonstrates our positioning of the Island as an international hub of innovation in renewable energies as part of our commitment to be more sustainable and diversify the economy.”

Meeting

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The president of the Island Council, Rosa Dávila; the Innovation, Research, and Technological Development Councillor, Juan José Martínez; and the CEO of the Technological Institute of Renewable Energies (ITER), Begoña Ortiz, recently met with representatives from EAVE and Tecnalia, companies that will engage in a strategic collaboration with ITER – an entity under the Island Council – to develop the technology needed to reuse batteries and thus boost the circular economy through recycling.

Commitment

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Rosa Dávila states that “our goal is to promote sustainability and create a positive impact on the local economy.” She sees it as “a reflection of the Tenerife Island Council’s commitment to energy transition and the development of sustainable solutions.” She also describes the initiative as “a commitment to diversify the economy with local companies that generate employment.” Juan José Martínez, on the other hand, values that “both ITER and Tecnalia are centres with extensive experience in the development of R&D projects, references for companies and, above all, for those recently created like EAVE.” Martínez considers crucial “the certified ability we have from our Institute for technological transfer to the business sector.”

EAVE is a startup – a newly established technological company – from the Canary Islands that was born in 2019 with the aim of helping households and businesses manage their own solar energy. Four years later, the company, specialised in energy self-consumption, generates close to eleven million Euros and expects to soon reach a workforce of 100 employees. It works for global brands like Tesla and Wallbox. This is how they present themselves on social media: “We are a team of professionals specialising in renewable energies. We design, distribute, and install solar panels. We want to contribute to the generational change that our world is experiencing by promoting the use of clean energies and sustainable mobility.”

Tecnalia, on the other hand, represents the largest centre for applied research and technological development in Spain, a reference in Europe. Based in the Basque Country, it collaborates with companies and institutions to, as stated in their presentation, “improve their competitiveness, quality of life for people, and achieve sustainable growth. We do this thanks to people passionate about technology and committed to building a better society.”

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Visit

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Representatives from both companies visited the ITER facilities in Granadilla, where they held a meeting to discuss collaboration projects with the Island Council. They have planned to invest 1.2 million Euros in partnership with the Tenerife Institute. The specific aim of this public-private partnership is to develop the technology to produce advanced batteries for storing renewable energy and electric mobility, with the intention of contributing to sustainability and reducing dependence on fossil fuels.

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