Volvo Energy and UK battery storage company, Connected Energy, recently declared that they signed a letter of intent. The partnership is to convert the used Volvo EV batteries into new battery storage units.
Reuse of Volvo EV batteries
This tends to be one of the best initiatives by the two companies. They combine to develop a battery energy storage system with EV batteries that are being recovered from Volvo’s vehicles. This comprises Volvo’s electric buses, trucks, and machines.
In particular, EV batteries still have up to 80% of their original energy storage capacity, this is when they reach the end of their optimal use. As Connected Energy, in which Volvo Energy is already an investor. The giant already achieved expertise in developing second-life battery energy storage systems. While its E-STOR system is used in the UK and Europe, in order to assist EV charging and backup microgrids and renewables.
In addition to this, Volvo Energy freshly installed an E-STOR system at its facility premises in Gothenburg, Sweden. Here it is effectively utilized to test and check its response rate to the Swedish grid.
Development of the first prototype battery storage system using Volvo EV batteries is expected to begin later this year. Volvo Energy is aiming to commercially launch the systems in Europe in early 2025.
On the other hand, the development of the first prototype battery storage system using Volvo EV batteries is anticipated to start after this year. The maker Volvo Energy aims to commercially introduce the systems in Europe in early 2025 respectively.
