The Energy Storage Report 2024

Now available to download, covering deployments, technology, policy and finance in the energy storage market

Why Europe’s second life BESS market is ahead of North America’s


While battery storage growth in the US continues to vastly outpace that of Europe, the repurposing of used EV batteries into second life stationary storage systems is far more developed in the latter.

Europe has a handful of companies specialising in deploying used EV batteries into stationary battery energy storage systems (BESS), including Connected Energy (UK), Evyon (Norway), BatteryLoop (Sweden), Octave (Belgium), Tricera, encore and Stabl Energy (all Germany).

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Meanwhile, despite having a much larger overall energy storage market, North America appears to have just a few: Canada-based Moment Energy and US-based groups Smartville Inc, RePurpose Energy and B2U.

That is partially because of more stringent requirements on automotive OEMs to find solutions for their EV batteries once they can no longer be used on the road, be it recycling, repurposing or re-using. In the US, responsibility for this falls on the end-user, Moment’s CEO Edward Chiang told

“Consumers can’t pay these insane costs for recycling. Governments are moving towards Europe’s approach. California is pushing hard on this and the federal government is too,” he said.

But the other, perhaps definitive reason is that for a second life BESS to be deployed in the US it needs to be built in a facility certified with UL 1974, a standard specifically for second life storage systems from the certification body. The only one in the world is in Japan, belonging to 4R Energy Corporation, a JV between Nissan and Sumitomo Corporation, which was certified in 2019.

Moment Energy is building a facility in British Columbia which will be the first in North America with the certification. “We’re working directly with UL on it so it’s just a matter of time,” Chiang said.

This article has been amended from its originally published form to reflect that Moment Energy is not the sole North American company to specialise in second-life BESS solutions as was first stated.’ publisher Solar Media will host the eighth annual Energy Storage Summit EU in London, 22-23 February 2023. This year it is moving to a larger venue, bringing together Europe’s leading investors, policymakers, developers, utilities, energy buyers and service providers all in one place. Visit the official site for more info.

After that comes the 5th Energy Storage Summit USA, 28-29 March 2023 in Austin, Texas. Featuring a packed programme of panels, presentations and fireside chats from industry leaders focusing on accelerating the market for energy storage across the country. For more information, go to the website.

22 October 2024
New York, USA
Returning for its 11th edition, Solar and Storage Finance USA Summit remains the annual event where decision-makers at the forefront of solar and storage projects across the United States and capital converge. Featuring the most active solar and storage transactors, join us for a packed two-days of deal-making, learning and networking.
18 March 2025
Austin, Texas
The Energy Storage Summit USA is the only place where you are guaranteed to meet all the most important investors, developers, IPPs, RTOs and ISOs, policymakers, utilities, energy buyers, service providers, consultancies and technology providers in one room, to ensure that your deals get done as efficiently as possible. Book your ticket today to join us in 2025!

Read Next

June 21, 2024
Rankings by EY of the most attractive markets for renewable energy investment include battery storage, with US, China and UK as frontrunners.
June 21, 2024
US-headquartered battery storage system integrator and manufacturer Powin has signed a multi-year, 15GWh deal for the supply of battery cells with China’s Eve Energy.
June 20, 2024
Recurrent Energy has closed US$513 million financing on a battery storage project in Arizona, US, which has a 20-year utility tolling agreement in place.
June 20, 2024
NHOA Energy signed an agreement with Statkraft to supply a battery energy storage systems (BESS) for a 113MWh project in Coylton, Scotland.
June 19, 2024
Executives from Sunwoda, one of the world’s largest lithium-ion battery OEMs, share the latest updates around the company’s grid-scale, residential, and commercial and industrial (C&I) energy storage system (ESS) activity.

Most Popular

Email Newsletter