Mercedes-Benz Energy will supply used batteries from the automaker’s electric vehicles to Vancouver-based Moment Energy Inc., which will convert them to modules that provide rechargeable power to commercial and industrial buildings.
A Mercedes-Benz Group subsidiary that focuses on electric vehicle battery storage has reached an agreement with a Canadian startup to repurpose partly-spent EV batteries.
A major challenge of electric vehicles is what to do with the batteries once the car ends its useful life. Those supplied to Moment Energy by Mercedes-Benz will have at least 70 per cent of their capacity. That’s enough for energy-storage systems that can be deployed to reduce consumption at commercial sites.
The residual energy capacity that can be supplied from second-life batteries is expected to surge, from seven gigawatt hours to 276 Gwh by 2035, as the first generation of electric vehicles is replaced, according to Bloomberg New Energy Finance estimates. “We’ve deployed projects using second-life battery systems already in the field. So we’ve been getting a lot of data, a lot of positive results from our pilots that are out and deployed,” Rattan said in an interview.
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