26 Jun '18, 5pm

Wärtsilä and Hyundai Motor Group Partner on Energy Storage https://t.co/501XEJfiDf

The partnership will target advanced energy storage products and platforms that maximize Hyundai’s second-life EV batteries to be commercialized in Wärtsilä’s existing customer and channel networks across 177 countries globally. The long-term partnership will create a business and market for advanced energy storage systems and target both utility-scale and commercial applications suitable for second-life EV batteries. The associated business model and collaboration will pursue the establishment of a continuous, global supply chain that leverages key OEM relationships to take a holistic approach from battery manufacturing, EV applications and energy storage redeployments as well as recycling of materials. “Energy storage is the logical next step in the after-market use of EV batteries,” said Dr. Youngcho Chi, Executive Vice President of Strategy & Technology Division and Ch...

Full article: https://www.renewableenergymagazine.com/energy_saving/war...

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