California-based Element Energy has raised US$111 million of equity and debt for its proprietary battery management system (BMS) for first and second life battery storage.
Second life energy storage firm B2U has put its second major project into commercial operation, a 3MW/12MWh system made up of Honda Clarity EV batteries.
Canada-based firm Moment Energy has secured UL 1974 certification for second life energy storage production, the first in North America to do so, the company said.
Volvo Energy, part of the automotive and engineering company Volvo Group, and UK-based second life BESS firm Connected Energy have signed a letter of intent to jointly develop a BESS solution.
Automotive OEM Jaguar Land Rover and Wykes Engineering have deployed a 2.5MWh second life battery energy storage system (BESS) using EV batteries, and aims to expand it to 7.5MWh by the end of 2023.
Second life energy storage firm Stabl has raised €15 million, while its CEO told Energy-Storage.news the second life market will “struggle with the deteriorating performance of their systems in the coming years”.
New company Allye Energy has raised £900k (US$1.1 million) to scale up production of its mobile battery energy storage system (BESS) using second life EV batteries.
The battery manager for Sweden-based Stena Recycling Group discussed the firm’s approach to the battery market and reusing batteries for second life in an exclusive interview with Energy-Storage.news.
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.
