- What are the key market drivers and challenges related to the adoption of 2LBs?
- How does the cost per kilowatt-hour for Lithium ion batteries differ between 1LBs and 2LBs?
- What applications are appropriate for 2LBs?
- What should government, manufacturers, and integrators do to ensure the continued success of second life technologies?
- What are the forecasts for 2LB capacity and revenue through 2030?
- What projects and trends are currently being observed in the 2LB market?
3Q 2020
Second Life Battery Markets
Advanced Second Life Battery Technologies for Storage Applications: Global Market Analysis and Forecasts
Second life applications for EV batteries have gained more attention as the importance of recycling and repurposing used batteries becomes a focus for many EV and battery manufacturers. Used EV batteries that are no longer viable for vehicle use can still serve other storage applications. The accelerated adoption of EVs is being celebrated for introducing a significant step toward a clean energy transition by helping to reduce the amount of greenhouse gases (GHG) emitted into the atmosphere.
Forecasts show growth for second life battery (2LB) markets in line with the adoption of EVs and demand for cost-effective energy storage solutions. Storage capacity for 2LBs is expected to increase through 2030 due to the rapid adoption of EVs and the trend toward larger EV battery capacities. Growth for this market is largely driven by commercial stakeholders that are identifying opportunities for second life use throughout the EV battery value chain. Although some policy around second life batteries exists globally, more focus from a regulatory perspective is needed in this market to encourage growth at scale.
This Guidehouse Insights report includes key market trends and policies for 2LB technologies, appropriate applications for these technologies, and an overview of the battery reuse and recycling process. Forecasts show that pricing for second life batteries are anticipated to remain competitive relative to EV first life batteries (1LBs). The largest market globally lies with the regions that are also leading in EV sales, such as Asia Pacific, Europe, and North America.
Pages
31
Tables | Charts | Figures
21
Key Questions Addressed
Who Needs This Report
- Vehicle manufacturers
- Automotive industry suppliers
- Battery OEMs
- Government agencies
- Stationary energy storage customers
- Energy storage technology vendors
- Investor community
Table Of Contents
1. Executive Summary
1.1 Introduction
1.2 Report Scope
1.3 Market Forecasts
2. Technology Issues
2.1 Second Life Battery Applications
2.1.1 EV Charging Support
2.1.2 Self-Consumption
2.1.3 Area and Frequency Regulation
2.1.4 Distribution Upgrade Deferral
2.1.5 Second EV Battery Use
2.2 Metrics for End of Life
2.3 Recycle and Reuse
3. Market Issues
3.1 Market Drivers
3.1.1 Reducing Negative Environmental Impacts
3.1.2 Additional Revenue Stream for EV Makers
3.2 Market Barriers
3.2.1 Lack of System Compatibility and Standardization
3.2.2 Lack of Regulatory Mechanisms
3.3 Policy and Regulations
3.3.1 Asia Pacific
3.3.2 Europe
3.3.3 North America
3.3.4 Latin America and the Middle East & Africa
3.3.5 Policy Outlook
4. Key Industry Partnerships and Projects
4.1 Remondis Facility – Lünen, Germany
4.2 Johan Cruijiff Arena – Amsterdam, Netherlands
4.3 Hikari-No-Mori Solar Farm – Yume-Shima Island, Japan
4.4 Umicore Facility – Olen, Belgium
5. Market Forecasts
5.1 Methodology
5.1.1 2LB Energy Capacity Assumptions
5.1.2 Pricing Assumptions
5.1.3 Revenue Assumptions
5.2 Available Capacity
5.3 Pricing and Revenue
5.4 Conclusions and Recommendations
6. Acronym and Abbreviation List
7. Table of Contents
8. Table of Charts and Figures
9. Scope of Study, Sources and Methodology, Notes
List of Charts and Figures
- Annually Available 2LB Energy Capacity by Powertrain, Base Scenario, World Markets: 2020-2030
- BEV 2LB Capacity by Region, Base Scenario, World Markets: 2020-2030
- Base, Low, and High Scenarios for Annually Available 2LB Energy Capacity, World Markets: 2020-2030
- BEV Battery Pack Pricing by Technology, World Markets: 2020-2030
- Direct Reuse BEV 2LB Revenue by Region, World Markets: 2020-2030
- Direct Reuse PHEV 2LB Revenue by Region, World Markets: 2020-2030
- PHEV 2LB Capacity by Region, Base Scenario, World Markets: 2020-2030
- 1LB Battery and 2LB Value Chain
List of Tables
- Total 2LB Capacity by Region, World Markets: 2020-2030
- PHEV 2LB Capacity by Region, Base Scenario, World Markets: 2020-2030
- PHEV 2LB Capacity by Region, Low Scenario, World Markets: 2020-2030
- PHEV 2LB Capacity by Region, High Scenario, World Markets: 2020-2030
- BEV 2LB Capacity by Region, Base Scenario, World Markets: 2020-2030
- BEV 2LB Capacity by Region, Low Scenario, World Markets: 2020-2030
- BEV 2LB Capacity by Region, High Scenario, World Markets: 2020-2030
- 1LB Pack Price by Vehicle Powertrain, World Markets: 2020-2030
- 2LB Direct Reuse Battery Pack Price by Vehicle Powertrain, World Markets: 2020-2030
- 2LB Reworked Pack Price by Vehicle Powertrain, World Markets: 2020-2030
- Direct Reuse PHEV 2LB Revenue by Region, World Markets: 2020-2030
- Direct Reuse BEV 2LB Revenue by Region, World Markets: 2020-2030
- Policy Examples of Second Life Use and Battery Recycling
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