Financial News
California Startup Gives Used EV Batteries Second Life as Stationary Energy Storage
In an intriguing effort to demonstrate an alternative to conventional recycling, an energy startup in California has converted 1,300 electric vehicle (EV) batteries into storage capsules for solar power. The project, according to B2U Storage Solutions, the company behind the technology, will significantly reduce solar storage costs. Additionally, it will aid in lowering the carbon footprint of EV batteries, which includes manufacturing and mining costs that harm the environment.
On Feb. 7, 2023, the company announced that it had 25 MWh of stored solar energy stored in 1,300 batteries from Nissan and Honda connected to…
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