Nissan, Renault and Mercedes-Benz are at the forefront of providing EV batteries for companies developing second life battery energy storage systems (BESS), but the market for such batteries is still thinly-traded.
Industry should make “concrete proposals” for electricity market reforms, or risk policy and regulation continuing to fall short in valuing the role of energy storage.
The US state of California is providing US$31 million for a long duration energy storage project combining vanadium flow and zinc-hybrid batteries, the first grant from a US$380 million package.