Over the past two months, used EV battery recyclers have been one of the leading beneficiaries of investments driven by growing appetite for “circular economy” companies. There is widespread recognition that the repurposing of used EV batteries — approximately 95% of which currently end up in land fills — is an obvious remedy to the shortage of battery metals plaguing EV supply chains. The space has attracted investment from both automotive companies (Ford/Redwood, Cox Automotive/Spiers, Johnson Matthey/OnTo Technologies) as well as metals trading companies (Koch & Traxys/Li-Cycle).
As recognition of the critical role that second life EV batteries will play in the electrification of the transport sector grows, the market will also soon demonstrate recognition of an exciting development in the “circular economy” movement: that repurposed EV batteries are viable for bilateral Vehicle-to-Grid (V2G) integration. Used EV batteries will therefore play an important role in ensuring that electric vehicles realize their potential as a natural balancing mechanism to mitigate renewables intermittency and ensure the resilience of the 21st century digital power grid.
Acelerex has developed a cutting-edge universal software solution that makes this Vehicle-to-Grid vision for the 21st century digital grid available right now. The “circular economy” has come to the power grid.