Stuttgart, Germany, November 16, 2023 – independent international consulting, engineering, and software development company P3 is partnering with Circularise, a leading Battery Passport provider. This collaboration aims to equip automotive Original Equipment Manufacturers (OEMs) and battery suppliers with a comprehensive solution to comply with complex battery regulations, manage risks, enhance supply chain transparency, and support them in achieving their sustainability targets.
Starting in 2027, all EV and industrial battery manufacturers selling in the EU will need a battery passport. Japan is set to introduce a disclosure requirement for EV battery CO2 emissions in 2024, while the USA’s Inflation Reduction Act already mandates a record of a battery’s composition and production history. Next to that, new digital technologies are developing faster than ever, and more players are crowding the market. These dynamics create enormous pressure and thus prepare the ground for incomplete and immature solutions. To address these regulatory and technological shifts, Circularise and P3 have formed a strategic partnership.
Circularise brings its unmatched expertise in Battery Passport technology to the table, while P3 offers its established consultancy services and powerful LCA tools. This partnership aims to revolutionize the battery and automotive sectors by providing a unified solution for complete supply chain visibility and compliance with current and future regulations.
Dr. Shyaam Ramkumar, Head of Growth Strategy at Circularise, states, „Today, obtaining primary data beyond tier-1 suppliers is extremely hard. Our collaboration with P3 is crucial in developing solutions that provide automotive OEMs and their battery suppliers with full supply chain visibility and verified data management to comply with battery regulations. We are excited to combine our strengths with P3 to help businesses meet their operational and sustainability goals.“
Zida Liu, Senior E-Mobility Consultant at P3 automotive, adds:
“Many of our customers are initiating the development of a battery passport for their products and are in need of assistance both regarding the regulatory requirements as well as the technological challenges. Which is why we partnered with Circularise to support our clients with a holistic approach to the topic of battery passports.”
THE JOINT APPROACH CONSISTS OF TWO PARTS:
- Strategy and implementation consulting: Given the uncertainty around which technologies will prevail, the actual demand, the origin of raw materials, and potential partnerships, setting up digital battery passports is challenging. P3 offers comprehensive strategic advice and implementation support to navigate these complexities.
- Battery Passport technology: As battery regulations evolve, manufacturers are now required to report on the sourcing, performance, and durability of their batteries, as well as their product carbon footprint, following JRC rules. This necessitates primary data collection from supply chains, often beyond tier 1. Circularise’s traceability solution facilitates this data collection, while their blockchain-based battery passport consolidates necessary reporting data, allowing for public verification and selective sharing in line with regulatory demands.
P3 has over two decades of experience advising OEMs on supply chain operations, as well as a broad portfolio of management consulting services and software solutions for various industries. Circularise is also well-known in the automotive industry, collaborating with several big-name companies to enable the shift to a circular economy. The two partners want to accelerate the creation of a robust battery passport infrastructure enhancing transparency and promoting sustainability within the EV battery and automotive sectors.
ABOUT P3
P3 is an independent international consulting, engineering, and software development company with a rapidly expanding team of over 1,800 consultants and engineers. The team specializes in developing innovative solutions to today’s complex challenges. With a cadre of more than 200 technology consultants, engineers, and software experts in e-mobility, P3 has established itself as a leading industry partner in electric mobility, demonstrating a comprehensive understanding of the relevant technologies, production, and key industry players.
The company delivers end-to-end solutions across the entire value chain, from cell and battery technology to electric drivetrain systems and charging infrastructure, including the grid integration of electric vehicles. Offering a broad portfolio of services and proprietary tools, P3 provides significant added value to its automotive and energy industry clients, guiding them through every stage of the transition from innovation to operation. Clients benefit from P3’s expertise in management consultancy, project organization, engineering services, and software development, as the company adeptly manages complex projects with a holistic approach.
For more information please visit us: www.p3-group.com or https://www.linkedin.com/company/p3/.
ABOUT CIRCULARISE
Circularise is a digital product passports and mass balance bookkeeping software provider founded in The Netherlands in 2016. Circularise’s software system helps suppliers in chemicals, plastics, battery materials, metals, and other industries to trace materials and share their environmental footprint without risking their sensitive data. By extension, it helps brands to get visibility into their Scope 3 emissions and other metrics, which is aligned with the regulatory push for digital product passports, the SEC’s proposed climate risk disclosure rules, and the Corporate Sustainability Reporting Directive.
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Press contact:
press@circularise.com
