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EV Batteries Get Second Life in Energy Storage Revolution
Used electric vehicle batteries are being repurposed into energy storage systems, offering multiple benefits for domestic energy capacity, critical mineral conservation, and a safety net for EV battery manufacturers.
The second benefit is that reusing EV batteries for energy storage avoids throwing away critical minerals including lithium, nickel and cobalt at a time when supplies for those elements are growing increasingly tight. BloombergNEF has lowered both its near- and long-term outlooks for EV sales in the United States for the first time ever as the Trump administration walks back Biden-era policies designed to boost electric vehicle adoption. “Electricity demand is accelerating at an unprecedented pace, driven by AI and the rapid electrification of everything from transportation to industry,” said Redwood founder and CEO JB Straubel.
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