What Renewance does

Renewance, Inc. is a U.S.-based battery lifecycle services company headquartered in Elmhurst, Illinois (Chicago area), founded in 2015 by three former senior leaders of GE Energy Storage. The company provides cradle-to-grave management for industrial battery assets across two primary verticals: large-scale battery energy storage systems (BESS) for utilities and renewable energy operators, and electric vehicle batteries for manufacturers, dealers, service shops, and fleet operators. Services span installation and commissioning, field maintenance and diagnostics, warehousing and logistics, warranty management, decommissioning, and end-of-life recycling or repurposing.

The company's offering is organized around four branded components: RenewanceServices™ for field-based lifecycle work, RenewanceCenter™ for centralized warehousing and facility-based diagnostics, RenewanceConnect™ as the cloud-based digital platform providing real-time monitoring, regulatory compliance automation, advanced warranty management, and end-of-life planning, and Renewance Marketplace for refurbished battery transactions. RenewanceConnect™ monitors parameters including state of charge, state of health, temperature, energy dispatch, and charge/discharge cycles, applying predictive analytics to extend asset lifespan and optimize disposition decisions. The platform integrates with a nationwide network of certified recycling partners vetted through the CHWMEG program and logistics providers capable of compliant hazardous materials handling.

Revenue is generated through three streams: professional services for battery lifecycle work (installation through decommissioning), subscription-based access to the RenewanceConnect™ software platform, and transaction fees on the refurbished battery marketplace. Pricing is quote-based and tailored to project scope under multi-year enterprise contracts. The customer base includes enterprise clients such as Duke Energy, Invenergy, Engie, UPS, International Motors, Flexgen, Glidepath, American Battery Solutions, LS, and Contemporary Amperex. The company scaled from zero to $20 million in revenue with a team of 80+ employees by 2024, and closed an $18 million Series A in April 2024 led by IMM Investment Hong Kong and RockCreek Group.

Name

Renewance

Legal name

Renewance, Inc.

Website

https://batterystewardship.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

51–100 employees

Short description

Renewance is a U.S. battery lifecycle services company that provides installation, maintenance, monitoring, decommissioning, and recycling for industrial battery energy storage systems and EV battery assets, serving utilities, BESS operators, EV manufacturers, and fleet operators through its RenewanceConnect™ software platform and nationwide field service network.

Ownership category

akta.pro rank

Product category

Battery Lifecycle Services

NAICS

Business Support Services (5614)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Services-Miscellaneous Repair Services (7600)

akta.pro primary industry

Compliance, EPR & Battery Passport Services (Regulatory Reporting, Traceability, Audits) (EUAFACAJ)

akta.pro secondary industries

Battery Repair, Refurbishment & Remanufacturing Services (Module/Pack Repair, Rework) (EUAFACAI), Battery Second-Life Repurposing & Integration (Stationary Reuse, Repack/Remanufacture) (EUAFACAG), Testing, Grading & State-of-Health (SoH) Diagnostics (EOL Assessment, Certification) (EUAFACAH)

Keywords

• Battery lifecycle management
• Battery recycling services
• Energy storage software
• EV battery services
• Lithium-ion recycling

Headquarters

HQ city

Chicago

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Battery Lifecycle Services: Comprehensive professional services covering the entire battery lifecycle including installation and commissioning, maintenance services, diagnostics and repair, state of charge maintenance, warehousing and logistics, and end-of-life management including decommissioning, recycling, and repurposing.
2. Software Platform (RenewanceConnect™): Subscription-based digital platform providing monitoring, warranty management, regulatory compliance, and end-of-life planning capabilities for battery asset management throughout the lifecycle.
3. Refurbished Battery Marketplace: Marketplace for refurbished batteries enabling second-life applications and responsible reuse of industrial battery assets.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Renewance provides comprehensive cradle-to-grave battery lifecycle management services and software for industrial batteries and EV batteries. The company delivers installation, commissioning, maintenance, diagnostics, repair, decommissioning, recycling, and repurposing services through its RenewanceServices™ field operations, RenewanceCenter™ warehousing/logistics hub, and RenewanceConnect™ digital monitoring platform, complemented by a refurbished battery Marketplace.

Product overview

Renewance operates as a unified battery lifecycle management platform combining three core components: RenewanceSolutions™ delivers comprehensive field services including installation, commissioning, maintenance, diagnostics, repair, and end-of-life handling; RenewanceCenter™ provides centralized operational infrastructure for warehousing, logistics, and facility-based diagnostics and repair; and RenewanceConnect™ serves as the digital command center offering real-time monitoring, AI-driven predictive analytics, regulatory compliance automation, advanced warranty management, and end-of-life planning. The portfolio is complemented by a Marketplace for refurbished batteries, enabling secondary market access and value recovery across the battery lifecycle.

Differentiator

Problem solved

Functional benefit

Brands

• RenewanceServices™: Comprehensive battery lifecycle services including installation and commissioning, maintenance services, diagnostics and repair, and end-of-life services.
• RenewanceCenter™
• RenewanceConnect™
• Marketplace

Products and services

• RenewanceServices™ Comprehensive battery lifecycle field services covering installation and commissioning, maintenance services, diagnostics and repair, state of charge maintenance, warehousing and logistics, and end-of-life management including decommissioning, recycling, and repurposing. Delivered to BESS operators, utilities, EV manufacturers, and fleet operators through a nationwide field service technician network.
• RenewanceCenter™ Centralized operational facility providing warehousing, logistics, center diagnostics and repair, and State of Charge (SoC) maintenance services for battery assets. Strategically located warehouse facility with approximately 56,000 square feet of organized storage capacity housing around 90,000 individual units of customer inventory, with direct access to multiple transport modes for time-sensitive delivery requirements.
• RenewanceConnect™ Subscription-based digital platform providing AI-driven monitoring, regulatory compliance automation, advanced warranty management, knowledge base, and end-of-life planning features for industrial battery fleets. Includes real-time monitoring of state of charge, state of health, temperature, energy dispatch, and charge/discharge cycles with predictive analytics. Mobile apps available on iOS App Store and Google Play.
• Renewance Marketplace Online marketplace for refurbished batteries enabling second-life applications and responsible reuse of industrial battery assets, providing secondary market access and value recovery for end-of-life battery disposition.

Named customers10 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature5 records

Partnerships

Five partnerships are on record, tiered strategic and core.

• American Battery Technology Company (ABTC)strategicStrategic or Co-development PartnerABTC is developing an integrated lithium mine and refinery in Nevada and has partnered with Renewance as part of its supply chain partners including BASF and Call2Recycle to advance a domestic, closed-loop battery materials supply chain.
• BASFstrategicStrategic or Co-development PartnerGlobal chemical company partnered with ABTC and Renewance to support domestic, closed-loop battery materials supply chain development.
• Call2RecyclestrategicStrategic or Co-development PartnerBattery recycling organization partnered with ABTC and Renewance as part of the supply chain ecosystem for domestic battery materials supply chain.
• Recycling Partners NetworkcoreOthersExtensive network of certified recycling partners evaluated using CHWMEG program to ensure compliant and environmentally responsible battery recycling services.
• Logistics PartnerscoreOthersNetwork of logistics partners enabling compliant transportation of hazardous materials including packaging, labeling, routing, and coordination with regulatory frameworks.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Market position

Competitive moat6 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds2 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Renewance