A major challenge of electric vehicles is what to do with the batteries once the car ends its useful life. Those supplied to Moment Energy by Mercedes-Benz will have at least 70% of their capacity. That’s enough for energy-storage systems that can be deployed to reduce consumption at commercial sites.
“The scalability of the storage systems basically enables a very wide range of customers,” Gordon Gassmann, chief executive officer of Mercedes-Benz Energy, said in an email. “Since the market is still very young, it potentially offers a wide range of opportunities.”
The residual energy capacity that can be supplied from second-life batteries is expected to surge, from 7 gigawatt hours to 276 Gwh by 2035, as the first generation of electric vehicles is replaced, according to Bloomberg NEF estimates.
The modules created by Moment Energy will provide power for seven to 10 years, said Sumreen Rattan, co-founder and chief…
