World : Finding life in retired EV batteries

By 2030 there will be over 6 million battery packs retiring from electric vehicles per year, according to IDTechEx's latest report named Second-life Electric Vehicle Batteries 2020-2030.

As the uptake of electric vehicles has increased exponentially in the past few years, the concern of - what to do with battery when it reaches the end-of-life in electric vehicles, is also intensifying gradually.

By 2030 there will be over 6 million battery packs retiring from electric vehicles per year, according to IDTechEx's latest report named Second-life Electric Vehicle Batteries 2020-2030.

"After 8-10 years of services as powertrain for EVs, used batteries could still retain up to 70-80 per cent of the total capacity which could be further utilised in a wide range of energy storage applications. The key is to match the 'right' batteries with the 'right' applications," the report said.

The research further underlined that the first batch of electric vehicle batteries are reaching their retirement age and the next ten years will see a huge increase in the volume of retired batteries.

Many experts believe that energy storage devices will have an important role in the electricity market.

"By 2030, second-life battery capacity will hit over 275GWh per year which presents huge opportunities for energy storage," IDTechEx analyses.

Many global automobile companies like Nissan, Renault, BMW and BYD all have launched various projects and business initiatives on second-life batteries.

For instance, in February 2019, Nissan Energy and OPUS Campers have collaborated on a smart camping concept that uses second-life Nissan electric vehicle batteries to deliver up to a week’s worth of remote power for “off-grid” adventures. This co-created concept is made possible by a device called Roam, designed by Nissan.

 

Source : https://auto.economictimes.indiatimes.com/news/auto-components/finding-life-in-retired-ev-batteries/71359294

Smart Grid Bulletin September 2019


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