The Australian Government is supporting an innovative way to reuse electric vehicle (EV) batteries to store power on commercial and industrial sites.
Melbourne-based start-up Relectrify will install 20 commercial scale repurposed batteries from EVs at locations across Australia. This will pave the way for a broader rollout of its advanced battery management system and inverter solution.
The government is providing $1.49 million toward the $3.3 million project through the Australian Renewable Energy Agency (ARENA).
EV batteries are generally replaced by drivers when they fall to 80% of their initial capacity, but they can still be used in stationary storage applications.
Second-life EV battery cells are up to 50% cheaper than new battery cells.
Relectrify’s technology can provide backup power for farms, microgrids, and rural networks. It can also be used in solar integration, community battery storage, a boost for EV charging capacity and as a potential replacement for diesel generators.
The Hon Angus Taylor MP, Minister for Energy and Emissions Reduction, said, ‘This trial is expected to deliver a significant reduction in the cost of installing batteries, while also helping to further integrate renewables into the grid. Importantly, it will also help to address end-of-life battery waste issues by repurposing and reusing EV batteries.’