Our view on the latest developments in e-mobility.
EV batteries degrade over time, leading to storage capacity loss and range constraints – eventually rendering them unsuitable for further use in cars. However, they can still be suitable for less intensive or critical stationary storage applications, and can be repurposed in what is referred to as the “second life” of a battery.
Adding a battery to an electric vehicle charging station can help to “buffer” the power required from the grid, thus avoiding peaks and related grid constraints or costly charges. Consequently, additional demand for stationary storage is triggered – but what needs to be considered to successfully seize this new market opportunity?
The emergence of electric vehicles is not only shaking up the automotive industry. Through the increased electrification of the transport sector, a growing interlink to the power market is being established, leading to both new opportunities and challenges for stationary energy storage players.
