Second-life battery storage system company Connected Energy is celebrating a successful investment round with ENGIE New Ventures increasing its strategic investment.
A trial exploring the use of second life bus batteries for storing solar energy has been awarded £130,000 of funding.
Connected Energy is to install a second life battery energy storage system in Suffolk, its second in the county.
The reuse of electric vehicle (EV) batteries in stationary storage systems offers great possibilities, but there is still a lack of confidence from investors in the ‘second life’ battery concept, the CEO of Connected Energy has said.
Connected Energy is to install the first of its new generation of second life energy storage systems as part of a Suffolk County Council project.
EDF Energy has partnered with Nissan to launch a new energy storage proposition using second life batteries with the utility’s proprietary demand side response (DSR) platform in the latest high profile collaboration in the UK energy sector.