Navigant Research projects annual capacity of second-life EV batteries for stationary energy storage to reach 11 GWh by 2035
Annual global capacity of plug-in vehicle (PEV) Li-ion batteries available for second-life stationary ESS applications will reach 11 GWh by 2035, according to a new forecast by Navigant Research.
The potential reuse of these batteries is of keen interest to both stationary ESS developers looking to reduce costs and automotive original equipment manufacturers (OEMs) interested in new revenue models that capitalize on the residual asset value.—William Tokash, senior research analyst with Navigant Research
Reusing end-of-vehicle life PEV Li-ion batteries for stationary energy storage applications could solve the problem of new batteries being too expensive in the mid-term, according to the report. This is because used but capable batteries are likely to be sold at a low price while still capable of providing a useful function.