Renewance

About Renewance

Renewance operates as a comprehensive lifecycle management firm for industrial batteries, targeting the energy storage and electric vehicle sectors. The company was founded in 2015 by Jamal Burki, Thomas Newhall, and Sander Jacobs, all of whom are veterans of General Electric's Energy Storage business. Their collective experience at GE, particularly during a challenging phase of decommissioning and recycling over 2,000 industrial batteries, revealed a critical market gap for end-to-end battery stewardship. This firsthand insight into the logistical and regulatory complexities of battery management catalyzed the formation of Renewance.

The company's business model is a blend of specialized field services and a proprietary Software-as-a-Service (SaaS) platform, Renewance Connect™. This dual approach generates revenue through service contracts and software subscriptions. Clients include battery owners, operators, system integrators, original equipment manufacturers (OEMs), electric utilities, and commercial EV fleet operators. Renewance provides turnkey solutions covering the entire battery lifespan: from commissioning, operations, and maintenance to decommissioning, repurposing, and recycling. The firm has established a remote monitoring center to provide analytics that optimize battery performance and prevent system failures.

The core of its technology offering is the Renewance Connect™ platform. This digital tool allows clients to manage their battery assets, ensuring regulatory compliance, tracking warranties, and planning for end-of-life scenarios. A key feature is its marketplace mechanism, which connects asset owners with a network of certified logistics, engineering, and recycling partners to find cost-effective and compliant disposal solutions. The platform provides a centralized dashboard for asset and warranty management, complete with real-time monitoring and performance analytics. This service is chemistry-agnostic, positioning the company to adapt to evolving battery technologies. To date, Renewance has supported the commissioning of over 20 GWh, decommissioned over 100 MWh, and managed the recycling of more than 3,000 tons of batteries.