betteries

Impact

Type

Thematic: Climate

Description

2nd life for used EV batteries as flexible and mobile storage for renewable energy.

Rationale

Large quantities of EV batteries can be re-purposed to provide electric power in diverse use cases in emerging and developed markets. This increases use of renewables, avoids CO2 from generators, reduces extraction of rare materials and provides economic opportunities for small businesses locally.

SDGs

Investment

Location

Germany

Type

Convertible loan, Pre-Seed

Duration

5-10 years

Since

2019-07

Partner
Status

Failed.