RENAULT’S REPURPOSED EV BATTERIES WILL BECOME ENERGY STORAGE SYSTEMS
British battery storage company Powervault has formed a partnership with French vehicle manufacturer that it says will allow them to reduce the cost of their storage units by as much as 30%. The batteries used in electric vehicles usually have a lifetime of 8 to 10 years.
Evidently, the biggest benefit comes to the people who have solar panels or wind energy attached to their homes, and who need to store the extra power for when the renewable source can not be used for day-to-day activities.
We’re talking the means to self-powering smart phones, laptops, cars and buildings. “It’s only a matter of time before a Powervault becomes as common in [UK] households as a dishwasher”.
Do you think it’s a good idea to use old EV batteries in the home?
Most experts expect home storage systems will prove initially popular with PV-owning households, with others following later once the costs come down. As well as reducing the cost of production of a Powervault, the use of second life batteries will also optimize the life-cycle of the Renault batteries before they are recycled.