Element Energy’s large stock of batteries for second life energy storage are mostly LG batteries recalled from EVs in the last few years due to fire safety concerns, a source told Energy-Storage.news.
Mining giant Glencore, Spain-based utility Iberdrola and commercial waste management firm FCC are partnering to develop lithium-ion battery circularity solutions, including recycling and second life.
The power solutions arm of manufacturing firm Volvo Group has expanded into the battery energy storage system (BESS) market, launching a sub-system product initially in the US and Europe.
Some organisations consulted for a UK government study believe that the safety of second life EV batteries in residential energy storage “can never be guaranteed” while others believe an enabling framework is possible.
Gigawatt-hours of used EV batteries are now hitting the market, and California-based Element Energy claims it has the ideal BMS platform to scale second life energy storage technology.
A handful of companies are trying to get in early and design and deploy ‘second life’ energy storage units using EV batteries ahead of an expected boom in supply in the second half of the 2020s.
An evaluation of 2022 and predictions for the coming year from German battery storage developer and system integrator ECO STOR, and UK-based second life energy storage firm Connected Energy.
California-based firm Element Energy has raised a US$28 million Series B to accelerate its proprietary BMS-enhanced second life energy storage solution, with 2.5GWh of modules secured already.
