Transport accounts for about 1/5 of all CO2 emissions worldwide. Electric cars are a part of the solution, but the batteries are usually not used to their full potential. In fact, the batteries that are no longer useful in vehicles still have about 80 % capacity left. Swedish company BatteryLoop wants to give the used batteries a second life by using them as energy storage. The solution is smart, sustainable and resource-efficient.
Electric cars are becoming more and more popular. Only in Sweden, about 2,5 million electric cars are expected on the roads by 2030, which means an increased amount of used batteries. BatteryLoop sees these batteries as a resource and by installing a new application, the battery can be made useful again.
BatteryLoop started in 2017 from the company Stena recycling, a leading vehicle recycler. In 2019, BatteryLoop delivered its first system and today, the company covers both second life and new batteries.
How it works
BatteryLoop has developed an energy storage system that makes it possible to move energy in time and space. The system is equipped with a smart analytics platform to help manage energy consumption and optimise the financial return. The analytics platform can be configured to track the user’s solar production and charging infrastructure, optimising integrated assets as one power management entity. It uses artificial intelligence to optimise the best use of the energy storage system, by looking at historical data and usage patterns.
The products are specifically well suited to support Real Estate owners, logistic centres and ports in their path towards electrification.
Collaboration makes it possible
BatteryLoop has started several projects in energy storage for several sectors. This year, the company opened an energy storage facility at hygiene company Essity’s business centre in Sweden, where electric vehicles can be charged. The charging station uses batteries from electric cars that are charged by solar panels. The solution is made possible through the collaboration between Volvo Cars, Stena Property and Essity.
Another current project is from the ports in Gothenburg and Kiel, where BatteryLoop is looking into energy storage systems for storing electricity to charge electric vessels. As lots of energy is needed in a short amount of time to charge a big vessel, it puts pressure on the electricity grid. By storing the energy, it could help ease the burden for the grid and find a more stable solution. The project is a collaboration with Volvo, which provides old batteries from buses.
BatteryLoop’s solutions have great potential and the company is already looking to develop in new markets, where Europe is the first step.
Interested in knowing more about BatteryLoop? Get in touch with the company here.