Old EV Batteries = New large scale battery storage

What is happening? Before EV batteries get recycled they can be reused as battery storage

Why is this important? “Global investment in grid-scale batteries reached $6.8 billion in 2021, up from $4 billion in 2020, according to International Energy Agency estimates.”

How will this be important? By 2030 there will be 300 million EVs- lots of batteries that could see a second life as battery storage

WSJ | Old Electric-Vehicle Batteries Are Getting a Second Life