Revolutionizing Energy Storage: Synetiq and Allye’s Game-Changing Partnership
In a groundbreaking collaboration, Synetiq, the UK’s leading vehicle salvage company, has teamed up with Allye Energy to repurpose salvaged electric vehicle (EV) battery packs for innovative energy storage systems. Allye, a startup with a vision for sustainable energy solutions, will acquire and test EV packs from Synetiq, a unit of IAA and part of Canada’s RB Global group. These salvaged battery packs will be integrated into Allye’s 300-kilowatt hour (kWh) battery storage system, each of which incorporates four EV battery packs, providing sufficient power to sustain a factory or 50 homes for a full day. The forward-thinking approach involves leasing these repurposed packs to customers.
Jonathan Carrier, CEO of Allye, highlighted the current underutilization of these battery packs, describing them as “sat around in containers, unloved and unwanted.” The objective of this partnership is to transform this situation, breathing new life into discarded EV battery packs.
Navigating Challenges: Insufficient Data and Emerging Recycling Industry
Insurers, lacking access to data for evaluating EV battery pack damage post-accidents, have been compelled to write off low-mileage electric cars. Simultaneously, salvage companies like Synetiq have grappled with storing an increasing number of salvaged EV battery packs in containers, as the EV battery recycling industry is still in its early stages outside of China.
Tom Rumboll, CEO of Synetiq, emphasized the significance of reusing entire EV battery packs, recognizing its potential to address a crucial challenge in the industry.
The use of existing battery packs not only reduces CO2 emissions for storage systems by 60% compared to new ones but also holds the promise of slashing customers’ energy bills by 50%. This is achieved by drawing energy from the grid during off-peak hours for later use during peak demand.
Allye envisions utilizing 5,000 packs annually in the UK as it expands its operations. With plans to enter other markets in the future, the startup, despite securing just under a million pounds ($1.3 million) in funding so far, is actively seeking additional investment to support its growth.
Read More EV – Tech Foom
