IDTechEx forecasts that the second-life EV battery market will reach US$7B in value by 2033. The second-life EV battery market adds value to future energy infrastructure, creates a circular economy for electric vehicle (EV) batteries, and provides a lower levelized cost of storage compared to new batteries. A new IDTechEx... Read more →

At the Zwickau vehicle plant, Volkswagen commissioned the first fast-charging park in Saxony supplied with energy largely from a power storage container (PSC). The PSC is an electricity storage unit and consists of 96 cell modules with a net capacity of 570 kWh. The advantage is that fast-charging infrastructure can... Read more →

Canada-based Moment Energy, a start-up created by four Simon Fraser University alumni, has established a supply agreement with Mercedes-Benz Energy (MBE) for second-life electric vehicle batteries. This marks the first agreement Mercedes-Benz Energy has signed with a North American second-life energy storage system (ESS) provider. Together with Moment Energy we... Read more →

In its mission to support and secure an attractive and sustainable circular business model for batteries, Volvo Energy is investing approximately SEK 50 million (US$4.9 million) for a 10% stake in the UK-based second-life battery energy storage specialist Connected Energy. The investment came as part of a £15-million (US$18.4-million) round.... Read more →