Closing the Loop on clean Energy

Battery Recycling and Resource Recovery from Renewable Energy Technologies **Closing the Loop – The Recycling Opportunity** My investment thesis is that the long-term potential of recycling is still underestimated, particularly in batteries and renewable energy technologies. While much of the attention surrounding the energy transition goes to manufacturing and deployment, I believe recovering the materials behind these technologies could become an increasingly valuable business. This wikifolio aims to identify companies positioned to benefit from that development. Battery recycling is the primary focus, complemented by the recycling of solar panels, wind turbine components, and other energy-related equipment. Potential investments include recycling operators, material recovery specialists, and suppliers of recycling technology. I expect the growing use of these technologies to create greater demand for recycling over time. Recovering valuable materials could also support more secure raw material supplies and reduce dependence on primary extraction. The approach is long-term and selective. Commercial viability, access to recyclable materials, financial strength, and valuation are central to the investment case. High capital requirements, fluctuating raw material prices, and uncertainty about when recycling volumes will grow must also be considered. The goal is to find businesses whose ability to turn discarded energy technologies into valuable resources is not yet fully reflected in market expectations.