Global safety science leader UL and Hyundai Motor Co. signed a memorandum of understanding to help further the safe deployment and use of second-life battery energy storage systems (SLBESS).
The two said they will collaborate on SLBESS initiatives, including safety testing and assessment, a North America product demonstration project, and evaluation process development. They said they intend to use their worldwide presence to further SLBESS market adoption.
Second-life batteries often consist of electric vehicle batteries that no longer meet the requirements of automotive applications, but are still worthwhile additions as grid-connected energy storage devices.
As the EV market grows, attention is focusing on battery reuse. In 2018, UL participated in developing UL 1974, the Standard for Evaluation for Repurposing Batteries, a bi-national standard of the United States and Canada. In 2019, 4R Energy Corp., a joint venture of Nissan Motors and Sumitomo Corp., became the first organization certified to that standard.
The global lithium-ion battery market is expected to grow from $40.5 billion in 2020 to $91.9 billion by 2026, as demand for electric vehicles, battery energy storage, and electronics continues to ramp up.
Lithium battery growth is a part of national plans to evolve and decarbonize the energy and transportation sectors, as evidenced by the United States Department of Energy (DOE) making $200 million in funding available to support the full value chain of batteries, from raw materials to end-user products such as EVs and battery storage systems.
DOE and the Biden administration have identified the need to establish a secure end-to-end battery materials and technology supply chain that supports economic competitiveness, job creation, and national security.
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