Hyperdrive
Old Electric Car Batteries May Help Cut Costs of Storing Power
- American Electric Power, Nissan testing reused packs for grids
- Developer says technology can cut price, extend storage life
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As major players jostle for market share in large-scale power storage, American Electric Power and Nissan Motor Co. are testing new technology that re-uses old electric vehicle batteries to slash costs.
The pilot study in Ohio will road test technology that could lower system costs by about a half and extend the life of lithium-ion batteries by about a third, according to its Australian developer.