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Fenecon builds energy storage systems factory which will repurpose electric vehicle batteries

November 23, 2022

Energy Storage News:

Energy storage hardware and software company Fenecon has begun construction of a new factory in Germany which will repurpose electric vehicle (EV) batteries into stationary storage systems.

Called CarBatteryReFactory, the site’s construction in an industrial park officially began last week on 18 November with a ceremonial groundbreaking event.

Fenecon, which announced the development yesterday, said the project represents around €22 million (US$22.72 million) investment, with funding contributions of €4.5 million from the European Union (EU) Innovation Fund and €1.7 million from the local Bavarian Economic Development Corporation.

Known as “second life” usage, batteries previously used for transportation can be repurposed for on-grid or off-grid stationary energy storage applications.

It’s an area of growing interest in the global battery storage industry, with McKinsey forecasting that some 227GWh of used EV batteries will be available by the end of this decade.

[Andy Colthorpe]

More: Germany's Fenecon builds ESS factory which will repurpose EV batteries

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