Second Life for Energy Storage: Element Energizes 53-MWh Recycled Battery Farm
Element Energy has announced the energization of its 53-MWh storage project, consisting of repurposed EV batteries, in West Central Texas.
The developer enabled the reuse of 900 EV batteries to make up the grid-connected energy storage system. Element Energy's technology has immediate and significant impacts for the growing global battery market.
“With our commercial project in West Central Texas, we have validated our technology at scale,” Element Energy CEO and co-founder Tony Stratakos said in a statement. “We are now focused on deploying our growing supply of second-life batteries."
Batteries for electric vehicles eventually reached the end of their useful EV life, but still possess about 80% of storage capacity, according to technology certification firm UL (Underwriter’s Laboratory). Most of this second-life EV batteries can be repurposed and connected for stationary power such as backup energy or grid services.
Element Energy was awarded $7.9 million by the U.S. Department of Energy to complete the commercial project. The funding was provided from the Bipartisan Infrastructure Law to support technologies and processes for second-life battery applications.
Element Energy has received and screened about 2 GWh of second-life batteries and plans to deploy the batteries for grid-scale projects. For the 2 GWh of batteries procured by Element Energy, approximately 8,500 metric tons of post-recycling waste and 150 metric tons of CO2 is expected to be avoided by reusing instead of recycling batteries.
Earlier this month, the company announced a partnership with LG Energy Solution Vertech on providing turn-key second-life battery storage for select customers.
The partnership would pair Element Energy’s containerized energy storage and battery management system with LG Vertech’s system integration, power equipment, software and maintenance services.
Element Energy has raised $111 million in capital comprising a $73 million Series B equity investment and a $38 million debt facility provided by Keyframe Capital Partners.
Other firms exploring second-life battery technology include Canadian startup Moment Energy. The company has secured a $20.3 million U.S. Department of Energy grant to build a manufacturing plant for repurposing EV batteries also in Texas.