Battery passports are aimed at stimulating a more sustainable environment for the battery sector that over time will result in improved quality and more production efficiencies. Here are some of the values that implementing this can bring:
Contribute to a more sustainable industry: Making battery information available (respecting the upcoming data sharing rules) will empower downstream supply chain participants to make better decisions and create more business efficiencies along the whole supply chain, ultimately enabling circularity and secondary raw material usage.
Supply chain insights: Even though Battery Passports require different sets of information related to ESG, carbon footprint, performance and durability data etc. going this path will provide battery manufacturers to gain deeper insights into their supply chains. This will also enable more input from their suppliers and help identify potential supply chain risks or disruptions, improve supplier evaluation processes, as well as strengthen raw material sourcing strategies.
Industry positioning and competitive advantage: Battery Passports are a way to communicate crucial information on a battery that has not been exchanged so far. Differentiating your batteries with a QR code (as a unique identifier) that can provide access to this battery’s information will not only satisfy compliance requirements, but also create a way to differentiate and with that lead towards better market visibility and positioning.