Emerging Technology
Smartville Inc. Awarded $5.9 Million By The U.S. Department Of Energy For Low-Cost, Scalable Second-Life Battery Project
Share
DOE awards a total of $75 million in grants to Smartville and nine other companies to advance projects that support battery reuse, recycling and upcycling efforts across the country
SAN DIEGO, March 1, 2023 /PRNewswire/ -- Smartville, a leading developer of reliable second-life energy storage systems, was awarded $5.9 million from the U.S. Department of Energy to breathe new life into batteries from retired electric vehicles (EV) via its MOAB™ energy storage systems. The grant, part of a $75-million funding package through President Biden's Bipartisan Infrastructure Law, awards a total of 10 projects that advance technologies and processes supporting EV battery recycling and reuse efforts across the country.
Smartville will apply the funds to accelerate the commercialization of its large-scale, second-life energy storage system that uses repurposed EV batteries. First, the funding will help with Smartville's plans to have MOAB become a UL certified second-life EV battery pack energy storage system. Second, it will fund a large 4 MWh demonstration project in central California co-located with an existing power plant operated by a California independent power producer in an underserved disadvantaged community.
"Our second-life energy storage product repurposes EV batteries to reliably store power from solar and wind," said Antoni Tong, Smartville's CEO. "The outcome is that the system can sustainably power our communities, lessening our dependence on external energy sources."
In the last 10 years, more than 1.8 million Nissan Leafs and Teslas alone have been sold in the U.S. and sales for all EVs are expected to rise dramatically by 2035. The number of second-life EV batteries will continue to grow quickly, turning waste management challenges into sustainable energy opportunities. Most batteries retired from EVs retain 70 percent of their storage capacity, making them ideal candidates for stationary storage. Smartville's proprietary suite of software, hardware and diagnostics provides guaranteed performance from repurposed EV batteries for stationary storage serving enterprise and utility customers.
About Smartville Inc.
Smartville's mission is to be the world's most sustainable, scalable, and reliable EV battery repurposing platform, and to revolutionize energy storage on a global scale, one battery pack, one-kilowatt hour, at a time. For more information about Smartville, please visit www.smartville.io or follow the company on LinkedIn.
Smartville Press Contact:
(W)right On Communications
Patricia Maxwell
pmaxwell@wrightoncomm.com
619-249-7762
View original content to download multimedia:https://www.prnewswire.com/news-releases/smartville-inc-awarded-5-9-million-by-the-us-department-of-energy-for-low-cost-scalable-second-life-battery-project-301760166.html
SOURCE Smartville Inc.
First published on Thu, Mar 2, 2023
Enjoyed what you've read so far? Great news - there's more to explore!
Stay up to date with the latest news, a vast collection of tech articles including introductory guides, product reviews, trends and more, thought-provoking interviews, hottest AI blogs and entertaining tech memes.
Plus, get access to branded insights such as informative white papers, intriguing case studies, in-depth reports, enlightening videos and exciting events and webinars from industry-leading global brands.
Dive into TechDogs' treasure trove today and Know Your World of technology!
Disclaimer - Reference to any specific product, software or entity does not constitute an endorsement or recommendation by TechDogs nor should any data or content published be relied upon. The views expressed by TechDogs' members and guests are their own and their appearance on our site does not imply an endorsement of them or any entity they represent. Views and opinions expressed by TechDogs' Authors are those of the Authors and do not necessarily reflect the view of TechDogs or any of its officials. While we aim to provide valuable and helpful information, some content on TechDogs' site may not have been thoroughly reviewed for every detail or aspect. We encourage users to verify any information independently where necessary.
Loading comments...