United Kingdom’s largest vehicle salvage company, Synetiq, has partnered with Allye Energy to provide salvaged electric vehicle (EV) battery packs for the startup to use for energy storage systems.
According to the two companies on Monday, Allye will test and buy EV packs from Synetiq, a unit of IAA and part of Canada’s RB Global group, to use in its three hundred kilowatt hour battery storage system.
Each storage system uses four salvaged EV battery packs – which is enough to power a factory or fifty homes for a day and Allye will lease those packs to customers.
Lacking access to data to assess EV battery pack damage after accidents, insurers have been forced to write off low-mileage electric cars and as the EV battery recycling industry is in its infancy outside China, salvage companies such as Synetiq have had to house a growing number of salvaged EV battery packs in containers.
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