TREASoURcE Project Evaluates Repurposing EV Batteries for Energy Storage
TREASoURcE, an EU-funded initiative, assesses the potential of end-of-life electric vehicle batteries for stationary energy storage, revealing both feasibility and challenges. The project indicates that nearly 8.5 million EVs in Europe by 2025 could yield significant repurposable capacity, enhancing renewable energy integration.
Theia Market Signal Identification - AI Assisted
The TREASoURcE project has evaluated the potential of repurposing end-of-life electric vehicle (EV) batteries for stationary energy storage, focusing on technical feasibility and barriers to large-scale deployment. By 2025, Europe is projected to have approximately 8.5 million battery electric vehicles, representing hundreds of gigawatt hours of capacity, which remains usable after their automotive life.
Pilot projects in Norway and Finland demonstrated the applicability of these batteries for battery energy storage systems (BESS). Challenges include battery chemistry considerations, operational requirements, and safety concerns.
The project underlines the necessity for standardized testing protocols and improved battery data access. Future regulatory developments may enhance reuse opportunities, although significant volumes of suitable batteries are expected to be available only in the 2030s and 2040s. The economic viability of repurposing is currently limited by low new battery prices and labor-intensive processes.
Comments