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Images of particles made from a promising battery cathode material called NMC

Techno-Economic Analysis for Valuing Battery Second Life

StorageX Initiative

PI: Stefan Reichelstein (Graduate School of Business)
Co-PI: Stephen Comello (Graduate School of Business)
             William Gent (Materials Science and Engineering)

This project will develop a valuation model and warranty pricing approach for used BEV batteries deployed in 2nd-life stationary storage applications, based on lifecycle cost, pack performance degradation profile and degradation profile prediction error. We will investigate degradation behaviors using high throughput testing and quantify uncertainties in 2nd life performance using advanced data-driven diagnostics. We will provide a techno-economic assessment of alternative repurposing strategies, thus identifying the potential for EV pack reuse and target re-application.