Green Assist: Unlocking carbon credits for second-life battery projects

In the expanding field of green finance and circular economy, the French greentech company Rainbow (formerly Riverse) is pioneering innovative solutions for certifying carbon credits in second-life battery projects. Facing financial barriers and a complex environmental verification process, Rainbow turned to Green Assist for expert support to develop a robust methodology to quantify avoided emissions and bring financial credibility to this emerging sector.Rainbow is developing a carbon crediting platform focused on engineered solutions aligned with the operations and value chains of carbon credit buyers, with an emphasis on innovative end-of-life battery projects. With three regeneration and refurbishment projects already in progress, the company is developing a methodology to accurately quantify avoided greenhouse gas emissions. Once validated, this new approach will underpin the issuance of carbon credits, making second-life battery projects more financially viable and environmentally measurable.To reinforce its scientific credibility and expand its efforts, Rainbow applied to Green Assist and received tailored advisory services from July to December 2024. An expert from the Green Assist Roster provided comprehensive support, helping the company enhance its life-cycle assessment (LCA) methodologies, identifying investment opportunities, and strengthening its financial strategy to attract both EU and private funding.Green Assist’s intervention covered several key areas,...