New markets for old batteries
The increased urgency for the automotive industry to deal with the disposal of EV batteries in the mid-term future will act as a catalyst for the emerging second-life battery market, writes Abhishek Sampat, Principal Analyst at Delta-EE. Automakers, and potentially third parties, are expected to exploit new value streams and a second-life market is predicted to drive down costs for stationary energy storage, with little to no compromise in quality to the end user.
Second-life batteries can be used in an extensive range of stationary storage applications, with automakers already exploring value streams and modes of entry to the energy storage industry. Second-life batteries are already being deployed in the industrial and commercial sectors, where the financial cost of new batteries is a key barrier to customers. The opportunities …
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