Battery second use substantially reduces primary Li-ion batteries needed for energy storage systems deployment. Battery second use, which extracts additional values from retired electric vehicle batteries through repurposing them in energy storage systems, is promising in reducing the demand for new batteries.
Could we start seeing ‘third life’ or even ‘fourth life’ energy storage, with EV batteries deployed in multiple different systems in their lifetime? McKinsey expects some 227GWh of used EV batteries to become available by 2030, a figure which would exceed the anticipated demand for lithium-ion battery energy storage systems (BESS) that year.
Matthew Lumsden shares the story of Connected Energy’s origins and the goal behind our business of using second life EV batteries as battery storage. Repurposing electric vehicle (EV) batteries is emerging as a vital component of a sustainable energy future. We talk to Matthew Lumsden, CEO, about the sustainable impact of Connected Energy’s work.
Battery second use, which extracts additional values from retired electric vehicle batteries through repurposing them in energy storage systems, is promising in reducing the demand for new batteries. However, the potential scale of battery second use and the consequent battery conservation benefits are largely unexplored.
“The circular economy approach taken by Connected Energy with second life batteries can make that happen whilst minimising the negative environmental impact potentially associated with manufacturing new batteries. “Finally, it’s a huge opportunity.
The company is now at the forefront of this revolution, developing energy storage systems powered by second-life EV batteries. This approach not only improves commercial viability but also offers substantial environmental benefits. Research by Lancaster University has quantified the environmental advantages of second-life battery storage.