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.
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”.
EV and energy storage giant Tesla saw a slight quarter-on-quarter dip in energy storage deployments in Q2 to 3.7GWh, although annual growth was strong at 222%.
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.
We caught up with Cling Systems, a B2B trading platform for end-of-life lithium-ion batteries which has seen 400MWh of volumes in aggregate for second life energy storage to-date.
A senior executive from the power solutions arm of manufacturing firm Volvo Group, Volvo Penta, talked Energy-Storage.news through its recent entry into the BESS market.
Electric ‘supercar’ firm Rimac is bringing “leading expertise in extracting maximal performance” from battery cells to its new energy storage division, which will also consider non-lithium technology, it told 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.
