Founder Company Pivots to Grid Storage Using Repurposed Nissan Leaf Batteries
What happened
A company whose founders previously worked at Apple Inc., Tesla, and Nissan is operating in British Columbia. The company is focused on repurposing electric vehicle batteries into new grid-connected storage systems. Specifically, the company is currently disassembling Nissan Leaf batteries for repackaging into backup power systems for homes and businesses.
From technologyreview.com
Why it matters
The company is capitalizing on the surging demand for energy storage, which is expected to grow eightfold in the next decade. This business model allows the company to establish a domestic supply chain, bypassing the current reliance on manufacturing through China. The company notes that ongoing trade battles between the US and China have aided this strategic pivot.
From technologyreview.com
Who's involved
- Apple Inc.Former employer of some of the company's founders
- TeslaFormer employer of some of the company's founders
- NissanSource of the EV batteries being repurposed for storage
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- NissanSpeculative
The company's operations could see a portion of its products diverted from automotive use into the energy storage market.
Keep exploring
The entities involved
-
Apple Inc.
American multinational technology company based in Cupertino, California
-
Tesla
American automotive, energy storage and solar power company
-
Nissan
Japanese automobile manufacturer