Synetiq And Allye Energy Partner, Use Used Electric Car Battery As Energy Storage

JAKARTA - Britain's largest vehicle recycling company, Synetiq, has partnered with Allye Energy to provide a pack of used electric car batteries to be used in the energy storage system. This was announced by the two companies on Monday, January 8.

Ally will test and purchase pack electric car (EV) batteries from Synetiq, a unit from IAA and part of Canada's global RB group, for use in a 300 kilowatt hour (kWh) energy storage system - each system uses a four pack battery used electric car - which is sufficient to supply the energy of a factory or 50 houses for one day. Allythe will lease the packs to customers.

"Right now, this battery is just sitting in a container, not loved and unwanted. We're trying to change that," Allye CEO Jonathan Carrier said.

Due to not having access to the data to assess the damage to the electric car battery after the accident, the insurance company was forced to write off electric cars at a low distance.

While the electric car battery recycling industry is still in its early stages outside China, recycling companies such as Synetiq must store an increasing number of packs of used electric car batteries in containers.

In 2022, it is estimated that there will be around 40,000 packs of almost new used batteries from damaged electric cars. This figure will continue to grow along with the increase in sales of electric cars.

"Using the entire pack of electric car batteries will address the main challenges in our industry," Synetiq CEO Tom Rumboll said in a statement.

Using an existing pack of batteries can reduce CO2 emissions for storage systems by 60% compared to new battery packs, and can reduce customer energy bills by 50% by taking energy from the network during peak hours to use during peak hours.

When increasing its capacity, Allye hopes to use 5,000 packs per year in the UK and expand to other markets.

So far, Allye has raised slightly below a million and is seeking additional funding.