Molg Wins $5M DOE Grant to Improve Circularity of Consumer Laptops, Batteries [Yahoo! Finance]
HP Inc. (HPQ)
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Source: Yahoo! Finance
current dismantling processes, and at half the price — further demonstrating the economic viability of circularity. STERLING, Va., November 15, 2024 BUSINESS WIRE )--The U.S. Department of Energy (DOE)'s Office of Energy Efficiency and Renewable Energy has awarded circular manufacturing & robotics company Molg a $5 million grant for the Bipartisan Infrastructure Legislation (BIL) Novel Design for Disassembly Toolchains and Deployable Robotic Cells Project. This initiative focuses on developing an AI-enabled circular demanufacturing platform for consumer laptops, designed to harvest batteries 50 percent faster and at half of the cost of current state-of-the-art processes. The project was selected as part of the DOE's Battery Recycling, Processing, and Collection Funding Opportunity , a $125 million funding initiative under the Bipartisan Infrastructure Law to improve consumer battery recycling programs. Beyond enhancing the circularity of laptop batteries, Molg aims to set a new su
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HPQ
Earnings
- 8/28/24 - Miss
HPQ
Sec Filings
- 11/22/24 - Form 4
- 11/22/24 - Form 4
- 11/22/24 - Form 4
- HPQ's page on the SEC website