Europe’s ever-growing inventory of spent EV batteries is a huge opportunity and a risk for EV manufacturers with volumes of second life batteries expected to exceed 200 gigawatt-hours per year by 2030 according to McKinsey & Co. We spoke to Alex Charr, our Chief Operating Officer, about the importance of building relationships with OEMs and battery owners.
Under the EU battery passport regulation requirements, which will come into force in 2027, every EV battery on the market will require a battery passport. This places the initiative on EV manufacturers to calculate the carbon footprint of battery production and places a strong focus on circularity.
The challenge remains that most EV batteries are considered ‘spent’ when only 15-20% of their capacity has been used within a vehicle. That leaves around 80% capacity – one that can be economically repurposed into battery energy storage, doubling the battery’s useful lifetime.
For more than a decade, Connected Energy has proven the concept of repurposing EV batteries as a commercially sustainable energy store. By embracing collaboration, the company has been able to maximise the value of used batteries, turning them into powerful assets for the grid, the environment and the economy.
