All over the world, governments are focusing on clean energy and investing heavily to reach their net-zero emissions targets. Due to renewable energy’s growing importance, there is a strong chance that the market for recycling batteries will grow over the next few months. Thus, we think the stocks of Umicore (UMICY), Li-Cycle (LICY), and American Battery Technology (ABML) might be ideal additions to one’s renewable energy portfolio. Let’s discuss.The renewable energy sector has gained much steam over the past years, fueled by policy support and net-zero emission targets by several governments worldwide. According to the International Energy Agency (IEA), the sector of renewable energy is the fastest growing, boasting 290 GW in new generation capacity this year, a record.

IEA forecasts that the world’s leaders will make commitments to accelerate the growth and development of renewable energy over the next five-years. In October 2021, $480 billion was spent on clean energy by governments and $45 billion for renewables.

Additionally, over the 2021-2025 timeframe, the lithium-ion recycle battery market worldwide is projected to increase by $1.11 Billion at a compound annual growth rate of 17.8%. So, we think battery recycling stocks Umicore SA (OTC:), Li-Cycle Holdings Corp. (LICY), and American Battery Technology Company (ABML) might be ideal additions to one’s renewable energy portfolio.

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