Used Electric Car Batteries Get Second Life as Home Storage
- Used batteries in stationary storage cost half as much as new
- About 95 gigawatt-hours to be extracted from cars by 2025
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Aging batteries from electric cars will soon find a second life as power-storage systems for homes and offices, according to Bloomberg New Energy Finance.
About 95 gigawatt-hours of lithium-ion batteries are expected to come out of cars by 2025, and about 26 gigawatt-hours of them will be converted to stationary systems as demand for both electric cars and solar rooftops increases, Claire Curry, a New Energy Finance analyst in New York, said in a research note Thursday. That compares with about 0.1 gigawatt-hours of used car batteries that are available today.