Renault looks to drive United Kingdom storage boom with second-life Powervault deal

Gladys Abbott
June 5, 2017

Powervault is placing 50 trial units, powered by second life batteries provided by Renault, in the homes of customers who already have solar panels installed.

Both Renault and Powervault have launched a trial of the technology, placing 50 energy storage units powered by second hand electric auto batteries in households with solar panels. The trial will be a mix of M&S Energy customers, social housing tenants and schools in the South East, Powervault said.

Meanwhile Powervault has also announced its intention to launch another crowdfunding campaign on CrowdCube in order to accelerate its product development, backed by a business plan setting out how it intends to sell 30,000 units by 2020.

Powervault provides systems in homes that can store energy generated from solar panels.

It is hoped the scheme will double the life of vehicle batteries and reduce the cost of home electricity storage systems by around 30 per cent.

More news: ICC Champions Trophy 2017 Results: Updated Schedule, Tables After Friday's Score

"The collaboration we are announcing today with these two household name brands - Renault and M&S - is an important milestone on our journey towards achieving mainstream adoption of home energy storage".

The company, Europe's biggest electric carmaker, has struck a deal with the domestic battery provider Powervault to repurpose old batteries when they are no longer fit for use in cars. "It's a win-win-win: for EV owners, home-owners and the planet".

Renault claims that the added usage on top of the batteries' life inside an electric vehicle can more than double their entire life cycle; after eight to ten years of use in EVs, the batteries can be used for around a further ten years in a Powervault. Now Powervault has teamed up with Renault to make that even easier by recycling electric vehicle batteries.

The trial will start next month and last a year, with social housing tenants and schools in the Royal Borough of Greenwich among the recipients.

Other reports by LeisureTravelAid

Discuss This Article