Price of second-life energy storage battery

Are second life batteries good for energy storage?

For second life batteries used in energy storage systems, their cycle life is recognized as one of the main factors for evaluating their value for energy storage applications. The battery degradation model has been widely discussed in recent studies.

Are second-life batteries a cost advantage?

We estimate that, at current learning rates, the 30 to 70 percent cost advantage that second-life batteries are likely to demonstrate in the mid-2020s could drop to around 25 percent by 2040. This cost gap needs to remain sufficiently large to warrant the performance limitations of second-life batteries relative to new alternatives.

What is a second-life battery used for?

Potential uses for second-life batteries include CBS, EV charging stations, mobile energy storage, streetlamps, uninterruptible power systems, and residential energy storage.

Are repurposed second-life batteries economically viable?

The technical and economic viability of these batteries is highly dependent on battery degradation studies and the availability of data. This review suggests that, the majority of economic or techno-economic studies ignore the capacity dispersion among repurposed second-life battery cells.

Can second-life batteries be used in stationary storage applications?

The use of second-life batteries in stationary storage applications has proven to be a better alternative to disposal and recycling [20, 31]. Hence, an accurate estimation of the battery’s useful capacity and remaining life in second-life applications should be assessed with utmost attention.

Can second-life lithium-ion batteries be used as fast-charging energy storage?

Kamath D et al (2020) Economic and environmental feasibility of second-life lithium-ion batteries as fast-charging energy storage. Environ Sci Technol 54 (11):6878–6887 Liu Y, Zhu Y, Cui Y (2019) Challenges and opportunities towards fast-charging battery materials. Nat Energy 4 (7):540–550