We are witnessing a seismic shift in two of the most significant and wide reaching industries in the world; energy and road transport. The changes really are huge is scale, and lightning in speed. Even as someone that has been in the solar and renewable energy sector since 2007, the changes in these two markets we are seeing are beyond my optimistic expectations. Tesla has lead the way in both of these markets, which has been good for all. However, when you global automotive giants like BMW, Mercedes Benz, VW, Nissan, Toyota, and even now Jaguar throw themselves and commit their futures to EVs and energy storage, you know the shift is significant, and not for being held back, by any government or politician.
One of the main drivers for this push by automakers into the stationary energy storage market involves the physics of lithium ion batteries. Long before they wear out completely, these large lithium ion battery packs are no longer useful for electric cars, so automakers are trying to figure out how to utilize these batteries for other purposes. “You can either recycle the materials from an electric-car battery or you could sell the battery as an energy storage device, which requires much less performance,” said Sam Korus, an industrial innovation analyst