According to a report (link http://about.bnef.com/landing-pages/new-life-used-ev-batteries-stationary-storage/.) by Bloomberg New Energy Finance (BNEF), the electric vehicle market is set to grow quickly, but so far there has been no consensus on a ‘second-life’ for the many used EV batteries.
In this report, senior analyst Claire Curry has compiled the first data and shows that low-cost energy storage could be here sooner than previously thought. She projects that there will be 29 GWh of used EV batter
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In this report, senior analyst Claire Curry has compiled the first data and shows that low-cost energy storage could be here sooner than previously thought. She projects that there will be 29 GWh of used EV batteries coming out of cars in 2025. This far exceeds the size of the current stationary storage market. Of this, almost a third will get a second life as stationary storage. (10GWh).
Today, a new stationary storage system can cost up to US$1000/kWh. In contrast, repurposing used EV batteries could cost as little as US$49/kWh in 2018, with an additional US$400/kWh cost to convert to stationary.
Curry says the auto industry is divided on the issue. While Tesla won't be involved in second life, BMW, Nissan and Mercedes Benz have second-life stationary storage projects in place.
In this report, senior analyst Claire Curry has compiled the first data and shows that low-cost energy storage could be here sooner than previously thought. She projects that there will be 29 GWh of used EV batteries coming out of cars in 2025. This far exceeds the size of the current stationary storage market. Of this, almost a third will get a second life as stationary storage. (10GWh).
Today, a new stationary storage system can cost up to US$1000/kWh. In contrast, repurposing used EV batteries could cost as little as US$49/kWh in 2018, with an additional US$400/kWh cost to convert to stationary.
Curry says the auto industry is divided on the issue. While Tesla won't be involved in second life, BMW, Nissan and Mercedes Benz have second-life stationary storage projects in place.
