Ex-Tesla CTO’s battery recycling and materials company Redwood Materials has launched a new business unit to repurpose second-life EV batteries for energy storage.
A second life energy storage assembly plant has opened in Germany, amidst a rapid fall in battery prices which could threaten the economics of repurposing EV batteries into stationary units.
Following last year’s acquisition, independent power plant developer Green Frog Power has rebranded as Pulse Clean Energy and unveiled a target of 1GW+ of energy storage assets in the UK.
Used lithium-ion batteries taken from carmaker Audi’s electric vehicles (EVs) have been repurposed into a ‘second-life’ stationary energy storage system by energy company RWE at a project in Herdecke, Germany.
A lithium-ion battery recycling plant is under construction in Norway, focusing initially on electric vehicle (EV) batteries, but the CEO of the company behind it has said that it will also be capable of processing batteries from stationary energy storage systems (ESS).