Hundreds of used electric vehicle battery packs are enjoying a second life at a California facility connected to the state's power grid, according to a company pioneering technology it says will dramatically lower the cost of storing carbon-free energy.
B2U Storage Solutions Inc, a Los Angeles-based startup, said it has 25 megawatt-hours of storage capacity made up of 1,300 former EV batteries tied to a solar energy facility in Lancaster, California. The project is believed to be the first of its kind selling power into a wholesale market and earned $1 million last year, according to Chief Executive Freeman Hall.
Though the technology is nascent, grid-scale storage provides a useful destination for the millions of used battery packs that will come from the transition to electrified transportation in the coming years. It is also a more cost-effective way to deploy the massive amounts of battery capacity needed to store solar and wind energy for when the sun is not shining or the wind is not blowing.
B2U's technology allows the EV battery packs to be bundled together without having to be taken apart first. Founded in 2019, the company is backed by Japanese trading company Marubeni Corp
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