As of 2021, global sales of electric vehicles had reached 16 million units, underscoring accelerating demand, said the International Energy Agency. The transportation energy transition has only just begun.
Most batteries retired from EVs still have about 70% of their capacity remaining, said San Diego-based startup Smartville, noting that this makes them an ideal candidate for second-life use. This is the opportunity that Smartville aims to seize, by repurposing EV batteries as grid-scale energy storage to store renewable energy.
