New product: Second-Life LI-ion battery cells

Written By Alix Armour

Metos Energy adds a new product to the renewable energy portfolio: Second Life Lithium-ion battery cells.


This is an industry first in brokerage and trading. Second-life cells from the urban mobility & EV market provide a whole new opportunity for increased circularity in the mobile & stationary energy storage value chain.
We see this as an opportunity to transform brokerage into long-lasting partnerships to shape the ecosystem. As we work on bridging the gap between second-life suppliers and commercial, utilities, or industrial off-takers, "not only can we identify the value-maximizing path between recycling and reuse, but can develop new business models to fully capture the value at hand." (Source: McKinsey)

Contact us to discuss the procurement of European second-life cells for your battery packs and energy storage systems. We’re looking for European-based battery assemblers, mobile and stationary energy storage system manufacturers for markets such as construction, events, renewable energy (wind, solar, hydro..), etc.

Applications

  • Mobile & stationary energy storage for construction, renewable energy, events.

  • Battery assemblers

  • Public fast chargers

  • Depot chargers for electric buses and trucks, and residential settings where more EV owners combine rooftop solar panels and home storage.

As McKinsey & Company puts it in their article (2019), the second life of EV and micro-mobility batteries are a new value pool in energy storage.

The demand and growth

In a joint 2019 report by McKinsey and the Global Battery Alliance (GBA), and Systemiq, A vision for a sustainable battery value chain in 2030, McKinsey projected a market size of 2.6 TWh and yearly growth of 25 percent by 2030. But a 2022 analysis by the McKinsey Battery Insights team projects that the entire lithium-ion (Li-ion) battery chain, from mining through recycling, could grow by over 30 percent annually from 2022 to 2030, when it would reach a value of more than $400 billion and a market size of 4.7 TWh

“Battery energy storage systems (BESS) will have a CAGR of 30 percent, and the GWh required to power these applications in 2030 will be comparable to the GWh needed for all applications today.” We see that compared to China and the USA, Europe has a large stake in this opportunity. In a community of countries where end-of-life programs and recycling schemes are pushed forward, the share of LI cell demand as well as stationary storage is important to consider with the 6x growth of mobility products from 2022 to 2030.

Systems and partnerships around battery recycling will still be early stage up until 2030, “but it is projected to grow more than three-fold in the following decade, when more batteries reach their end-of-life.”

Source: McKinsey. Article. Battery 2030: Resilient, sustainable, and circular, January 16, 2023 | Article

Establishing full supply-chain transparency and compliance

“Many companies, however, still see mastering ESG as a cost and a burden. We strongly believe they need to embrace this challenge and view it as one of the greatest business opportunities of the century. It’s time to stop playing defense and start playing offense.”

At Metos we take traceability and ESG data seriously. We want to help our partners mitigate risks by redefining their strategies and operations to be economic, transparent, sustainable, and circular.

Alix Armour