Yes, you can regenerate desiccant start by emptying the desiccant into a clean baking dish.

Bake desiccant at 350º for two hours, or until silica gel particles turn dark blue, in a
conventional oven (do not use a microwave)

After the silica gel absorbs moisture (up to 40 percent of its own weight), it loses its
effectiveness. But there is a silver lining to this rain cloud: The beads can be reactivated
and reused repeatedly.

Silica gel is a granular, vitreous and porous form of silicon dioxide. ... Silica gel
absorbs water due to its high specific area and when you add silica gel into cold water, it may
not show any reaction at instant but will absorb the water onto its surface due to numerous
pores and will expand.

There's no expiration date. The gel packets can be "dried out" when they are full of moisture
and reused. ... Silica gel will absorb moisture from any environment, so a sachet left out in the
open will immediately start taking up water vapour.