Element Energy Builds World’s Largest Energy Storage Facility Using Recycled EV Batteries
Element Energy, a California-based company, has completed a 53-megawatt-hour energy storage facility in West Central Texas, utilizing 900 recycled electric vehicle (EV) batteries. The project, funded by the U.S. Department of Energy (DOE), received $7.9 million in financial support.
The facility, described as the largest grid-connected energy storage installation using reused EV batteries, employs Element Energy's proprietary hardware, software, and patented battery management system (BMS). According to CEO and co-founder Tony Stratakos, the project validates the company’s technology at scale and will pave the way for deploying second-generation battery inventory.
Energy-Storage.news reports that LG Energy Solution (LG ES) Vertech supplied the recycled EV batteries, primarily LG products withdrawn from the market. The independent power producer (IPP) NextEra Energy Resources commissioned the storage facility, as inferred from DOE announcements.
Element Energy, founded in 2019, specializes in advanced battery management technology. The company claims to have acquired and tested nearly 2 GWh of used batteries for future large-scale projects. This recycling initiative is projected to prevent 8,500 metric tons of waste and 150 metric tons of carbon dioxide emissions.
In early 2024, Element Energy secured $111 million in funding, including $73 million in Series B funding and $38 million from Keyframe Capital Partners.
Source: Gramwzielone
