Circular Economy for EV Batteries
How can we turn used EV batteries from a waste problem into a resource – and a business opportunity?
Electric vehicles are becoming the new normal in Norway. But with this green shift comes a growing challenge: what do we do with all the used EV batteries? These batteries contain valuable materials like lithium, cobalt, and nickel – resources that are both environmentally sensitive and geopolitically vulnerable.
The EU is already moving fast, with new regulations around battery passports, material reuse, and recycling. Norway, however, is lagging behind in implementation. This creates a window of opportunity – and a responsibility – for companies like Gjensidige to take an active role.
We want to explore circular business models that give EV batteries a second life – and reduce risk, waste, and emissions.
As one of Norway’s largest insurance companies, Gjensidige is in a unique position. We are closely connected to both private and commercial EV owners. We manage claims, assess damages, and engage with vehicles throughout their lifecycle. This gives us early insight into a new type of risk – and a chance to shape new value chains.
We believe there’s huge potential in circular battery solutions. By acting now, we can help secure raw materials, reduce environmental impact, and explore entirely new products and services.
We're looking to collaborate with startups and technology partners to:
Identify and test circular business models for EV batteries (reuse, second-life, or material recovery)
Explore data-driven tools for tracking and assessing battery condition
Develop new services or products that could be integrated into insurance offerings
Navigate regulatory opportunities and barriers in light of the EU Green Deal and sustainability frameworks
We know this isn’t just about managing risk. It’s about creating impact – and value.
Electric vehicles are becoming the new normal in Norway. But with this green shift comes a growing challenge: what do we do with all the used EV batteries? These batteries contain valuable materials like lithium, cobalt, and nickel – resources that are both environmentally sensitive and geopolitically vulnerable.
The EU is already moving fast, with new regulations around battery passports, material reuse, and recycling. Norway, however, is lagging behind in implementation. This creates a window of opportunity – and a responsibility – for companies like Gjensidige to take an active role.
We want to explore circular business models that give EV batteries a second life – and reduce risk, waste, and emissions.
As one of Norway’s largest insurance companies, Gjensidige is in a unique position. We are closely connected to both private and commercial EV owners. We manage claims, assess damages, and engage with vehicles throughout their lifecycle. This gives us early insight into a new type of risk – and a chance to shape new value chains.
We believe there’s huge potential in circular battery solutions. By acting now, we can help secure raw materials, reduce environmental impact, and explore entirely new products and services.
We're looking to collaborate with startups and technology partners to:
Identify and test circular business models for EV batteries (reuse, second-life, or material recovery)
Explore data-driven tools for tracking and assessing battery condition
Develop new services or products that could be integrated into insurance offerings
Navigate regulatory opportunities and barriers in light of the EU Green Deal and sustainability frameworks
We know this isn’t just about managing risk. It’s about creating impact – and value.
Electric vehicles are becoming the new normal in Norway. But with this green shift comes a growing challenge: what do we do with all the used EV batteries? These batteries contain valuable materials like lithium, cobalt, and nickel – resources that are both environmentally sensitive and geopolitically vulnerable.
The EU is already moving fast, with new regulations around battery passports, material reuse, and recycling. Norway, however, is lagging behind in implementation. This creates a window of opportunity – and a responsibility – for companies like Gjensidige to take an active role.
We want to explore circular business models that give EV batteries a second life – and reduce risk, waste, and emissions.
As one of Norway’s largest insurance companies, Gjensidige is in a unique position. We are closely connected to both private and commercial EV owners. We manage claims, assess damages, and engage with vehicles throughout their lifecycle. This gives us early insight into a new type of risk – and a chance to shape new value chains.
We believe there’s huge potential in circular battery solutions. By acting now, we can help secure raw materials, reduce environmental impact, and explore entirely new products and services.
We're looking to collaborate with startups and technology partners to:
Identify and test circular business models for EV batteries (reuse, second-life, or material recovery)
Explore data-driven tools for tracking and assessing battery condition
Develop new services or products that could be integrated into insurance offerings
Navigate regulatory opportunities and barriers in light of the EU Green Deal and sustainability frameworks
We know this isn’t just about managing risk. It’s about creating impact – and value.
Electric vehicles are becoming the new normal in Norway. But with this green shift comes a growing challenge: what do we do with all the used EV batteries? These batteries contain valuable materials like lithium, cobalt, and nickel – resources that are both environmentally sensitive and geopolitically vulnerable.
The EU is already moving fast, with new regulations around battery passports, material reuse, and recycling. Norway, however, is lagging behind in implementation. This creates a window of opportunity – and a responsibility – for companies like Gjensidige to take an active role.
We want to explore circular business models that give EV batteries a second life – and reduce risk, waste, and emissions.
As one of Norway’s largest insurance companies, Gjensidige is in a unique position. We are closely connected to both private and commercial EV owners. We manage claims, assess damages, and engage with vehicles throughout their lifecycle. This gives us early insight into a new type of risk – and a chance to shape new value chains.
We believe there’s huge potential in circular battery solutions. By acting now, we can help secure raw materials, reduce environmental impact, and explore entirely new products and services.
We're looking to collaborate with startups and technology partners to:
Identify and test circular business models for EV batteries (reuse, second-life, or material recovery)
Explore data-driven tools for tracking and assessing battery condition
Develop new services or products that could be integrated into insurance offerings
Navigate regulatory opportunities and barriers in light of the EU Green Deal and sustainability frameworks
We know this isn’t just about managing risk. It’s about creating impact – and value.
What you need to know about us
Gjensidige is a leading Nordic insurance company with deep roots in risk management and strong relationships with millions of customers. We’ve been in business for over 200 years, and today we are one of the most trusted voices in Norwegian mobility and sustainability.
We’re not just observers of the electric vehicle shift – we’re participants. Through our car insurance business, we’re already dealing with the real-world implications of EV battery degradation, damage, and disposal. And we see an opportunity to turn a growing headache into a scalable solution.
What you need to know about us
Gjensidige is a leading Nordic insurance company with deep roots in risk management and strong relationships with millions of customers. We’ve been in business for over 200 years, and today we are one of the most trusted voices in Norwegian mobility and sustainability.
We’re not just observers of the electric vehicle shift – we’re participants. Through our car insurance business, we’re already dealing with the real-world implications of EV battery degradation, damage, and disposal. And we see an opportunity to turn a growing headache into a scalable solution.
What you need to know about us
Gjensidige is a leading Nordic insurance company with deep roots in risk management and strong relationships with millions of customers. We’ve been in business for over 200 years, and today we are one of the most trusted voices in Norwegian mobility and sustainability.
We’re not just observers of the electric vehicle shift – we’re participants. Through our car insurance business, we’re already dealing with the real-world implications of EV battery degradation, damage, and disposal. And we see an opportunity to turn a growing headache into a scalable solution.
What you need to know about us
Gjensidige is a leading Nordic insurance company with deep roots in risk management and strong relationships with millions of customers. We’ve been in business for over 200 years, and today we are one of the most trusted voices in Norwegian mobility and sustainability.
We’re not just observers of the electric vehicle shift – we’re participants. Through our car insurance business, we’re already dealing with the real-world implications of EV battery degradation, damage, and disposal. And we see an opportunity to turn a growing headache into a scalable solution.