Volvo Energy signed a letter of intent with battery recycler Connected Energy to jointly develop battery energy storage systems (BESS). The two parties plan to build BESS using batteries recycled from Volvo electric buses, trucks and machines, giving the batteries a second life.
It is learned from officials that the energy storage system will be built as a “container-type system” and Volvo expects to launch the system in Europe by 2025. At the same time, Volvo began using Connected Energy’s E-STOR system, which analyzes response rates to the grid, at its factory in Gothenburg, Sweden.
“The Volvo Group’s goal is to ensure that every battery that powers our vehicles reaches its full potential before recycling,” said Elisabeth Larsson, Senior Vice President Sales and Service at Volvo Energy.
Connected Energy notes that EV batteries still have around 80% of their initial energy storage capacity at the end of their life cycle. Recycling them into energy storage systems can give electric vehicle batteries a second life, significantly reducing their carbon footprint over their lifetime.
Here is the sponsor promotion:
Lenovo TWS Earphone is only $9.9BUY IT NOW