Green energy revolution drives forward with second life batteries

Matthew Lumsden, CEO, Connected Energy says:
“This additional funding alongside the strategic value of our new investors will make a real contribution to our ability to scale up our business and move into utility scale project development. This will bring huge opportunities to the company in the year ahead.”

In addition, Connected Energy has won several significant new projects with organisations in 2022, including North Tyneside Council, Cranfield University, Dundee City Council and Nottingham City Council to install battery energy storage for solar capture, EV charging support and constraint management.

A recent project saw two battery energy storage systems installed at the University of Sheffield’s AMRC NorthWest. The systems are linked to a range of renewable technologies to allow the site to store and utilise the energy generated. The AMRC NorthWest acts as a manufacturing energy ‘show home’ allowing other businesses to see how they can manage and reduce energy bills, reduce carbon emissions, and increase energy consumption and security.

Award wins and nominations have been a highlight for Connected Energy, and alongside winning the Sustainability in Tech award at the regional Dynamo North East awards earlier this year, the team has also recently been shortlisted for the Edie Awards in the category of ‘Circular Economy Innovation of the Year’. The repurposing of electric vehicle batteries in Connected Energy’s battery storage systems, doubles their value and reduces their environmental impact working towards the award’s criteria for bold climate leadership.

“The investment we’ve seen this year, alongside a range of successful tenders and installations demonstrates a rapid business growth for Connected Energy and we are expecting to attract even more specialist skills and services to the company in the coming years.

“For us, the priority is to continue to scale up our business and systems to meet the growing availability of second life batteries and to capitalise on the market opportunity that brings.”

Connected Energy expects to see interest sustained at a high level from commercial and industrial customers who are focussed on de-risking supply and moving towards self-sufficiency, alongside low carbon energy supplies.