What does 2nd Life mean?
Lithium-Ion Batteries have about a 15-25 year usable service lifespan depending on how they are used. Many are now spending the first 5-8 years of that life mobile, powering electric vehicles (EVs). However, it is as part of Stationary Energy Storage Solutions that these batteries are destined to serve most of their lives. This is their “2nd Life” powering homes and businesses everywhere.
Lithium-Ion batteries generally find themselves applied in one of three main ways 1. Consumer electronics, 2. Electric vehicles (Mobility), 3. Energy Storage Solutions (Stationary). We’ll ignore cell phones and laptops in this article and focus on the other two.
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