26 Jun '18, 12pm

Hyundai And Wärtsilä Forge New Partnership To Utilize Second-Life Batteries https://t.co/YGqurvp9H4

Hyundai Motor Group (HMG) has selected Wärtsilä for a technology and commercial partnership designed to utilize second-life electric vehicle batteries for the growing energy storage market. The global partnership will combine HMG’s expansion in electric vehicles with Wärtsilä’s growing energy business, which includes 67 GW of installed power plants and advanced energy storage technologies and software created through the acquisition of Greensmith Energy. The partnership will target advanced energy storage products and platforms that maximize HMG’s second-life EV batteries to be commercialized in Wärtsilä’s existing customer and channel networks across 177 countries globally. Wärtsilä sold close to 4 GW of power plants in 2017 in both developed and developing regions of the world. The partnership will create a growing business and market for advanced energy storage systems ...

Full article: https://electriccarsreport.com/2018/06/hyundai-and-wartsi...

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