CleanTech

CleanTech – Latest news, funding & startup financials, governments policies, sector landscape of CleanTech in India

56 Cleantech Startups Working Towards Making India's Future Cleaner & Greener
Features

56 Cleantech Startups Working Towards Making India’s Future Cleaner & ...

In light of World Environment Day, it is…
5th June, 2024
Machine Learning And Predictive Analytics: A Game-Changer In Carbon Footprint Reduction Strategies
Resources

Machine Learning & Predictive Analytics: A Game-Changer In The Fight A...

The clock is ticking on climate change. Businesses…
5th May, 2024
Battery Startup Log9 Unveils EV Asset Management Subsidiary ‘Amphion’
News

Battery Startup Log9 Unveils EV Asset Management Subsidiary ‘Amphion’

Electric vehicle (EV) battery manufacturing startup Log9 Materials said it has rebranded…
22nd April, 2024
Accacia Bags $6.5 Mn To Offer Decarbonisation Solutions To Realty Firms
News

Accacia Bags $6.5 Mn To Offer Decarbonisation Solutions To Realty Firm...

Real estate-focused cleantech startup Accacia has raised $6.5 Mn (around INR 54 Cr)…
22nd April, 2024
Recykal's Founder Abhay Deshpande said that this investment will enable the company to drive further innovation
News

Waste Management Startup Recykal Pockets INR 110 Cr From 360 ONE Asset...

Cloud-based waste management and processing startup Recykal has secured INR 110 Cr…
10th April, 2024
Exclusive: Bolt.Earth Fires Employees In Another Restructuring Exercise, Shuts Two Business Verticals
News

Exclusive: Bolt.Earth Fires Employees In Another Restructuring Exercis...

Bengaluru-based electric vehicle (EV) charging infrastructure provider Bolt.Earth laid off employees from…
6th April, 2024
How SolarSquare Is Helping Indians Harvest The Power Of The Sun With Its Full-Stack Solar Energy Solutions
Startup Stories

How SolarSquare Is Helping Indians Harvest Solar Power With Its Full-S...

India is one of the largest energy-consuming countries in the world, and…
15th March, 2024
Startup Mahakumbh To Showcase Innovations Addressing India’s Climate Challenges
News

Startup Mahakumbh To Showcase Innovations Addressing India’s Climate C...

The Startup Mahakumbh, which will be held in New Delhi from March…
Green Startups: Powering A Sustainable Future
Resources

Green Startups: Powering A Sustainable Future

The Indian startup ecosystem is booming and buzzing with innovation and energy,…
11th March, 2024
In the realm of energy, the transition from a linear 'take-make-waste' model to a sustainable circular economy is not merely a shift in perspective; it represents a comprehensive rethinking of how we design, produce, and consume energy resources. At the heart of this shift lies the concept of second-life batteries (SLBs), a paradigm of value creation that has profound implications for the Energy Transition. SLBs. Often derived from electric vehicle (EV) batteries that have reached the end of their automotive life, SLBs embody a transformative approach towards enhancing energy storage, promoting circular economy principles, reducing costs, addressing resource scarcity, and influencing policy and regulation. The viability of the field of battery second life or battery repurposing/reuse is accelerating the energy transition ecosystem's growth, both in scale and in circularity. The capability to store energy efficiently and economically is paramount to all Net Zero and Industrial Decarbonisation efforts. Second-life batteries offer a compelling solution to this challenge. These batteries retain approximately 70-80% of their initial capacity even after their use in EVs, according to reports featured on Deloitte. This residual capacity can be harnessed for less demanding applications, making SLBs ideal candidates for a diverse range of stationary energy storage systems (ESS). Expansion Of Renewables SLBs play a pivotal role in supporting the integration of renewable energy sources, such as wind and solar, into the energy mix. They function as energy reservoirs, storing excess energy generated during peak production periods and releasing it during periods of high demand or low production. This ability to smooth out imbalances between supply and demand makes SLBs invaluable in the quest to replace fossil fuel "peaker" plants, which are called upon for a few hours each day when energy demands surge. By doing so, SLBs facilitate the expansion of renewables and expedite the transition to a carbon-free power grid. Enhanced Battery Lifecycle Management Battery lifecycle management companies aim to identify second-life applications for these batteries, ensuring that most of the raw materials from used batteries are either recycled or refurbished in alignment with Extended Producer Responsibility guidelines, which are implemented in India through the Battery Waste Management Rules (BWM Rules 2022). The extracted materials are then channelled into the manufacturing of Lithium-ion cells, fostering a circular economy for EV batteries. Cost Effectiveness And Value Optimisation Second-life batteries, with their residual capacity and rejuvenated purpose, present significant economic advantages centred around demand easing and value optimisation. These batteries can be around or over 50% cheaper than their first-life counterparts, according to various reports. This cost-effectiveness extends not only to the individual consumer but also helps accelerate the broader energy storage ecosystem. As the demand for Energy Storage System (ESS) batteries eases due to the integration of SLBs flowing in from repurposed EV batteries, we will see a positive impact on the affordability of both EVs and ESS. In essence, SLBs offer a practical means to make sustainability, renewables, and energy security more accessible to a wider audience by virtue of lowered costs and abundantly versatile use cases. Alleviating Supply Concerns The surging demand for EVs has led to concerns regarding the availability and price volatility of critical metals required for battery production. SLBs provide a strategy to extend the value of these resources, thereby also addressing resource scarcity. By repurposing and reusing these batteries, we alleviate supply concerns, thereby enhancing resource security and mitigating the risk of critical material shortages. Road Ahead The rise of SLBs has necessitated the development of appropriate policies and regulations. These include standards for battery handling and disassembly, market structures for SLBs, and measures to prevent mass disposal. India has significantly promoted energy storage systems through its National Framework for Energy Storage Systems. The Ministry of Power released this framework, which aims to integrate ESS as a fundamental part of the country's power infrastructure. In the guidelines, India has included solar projects with ESS within its scope, a notable expansion from the previous version. This inclusion emphasises the importance of energy storage in the context of renewable energy generation. The framework also encourages the development of round-the-clock energy projects, fostering energy security and grid stability. It enables shorter power purchase agreement (PPA) tenures, reducing the standard term from 25 to 20 years, which can facilitate the tariff landscape in the renewable energy sector. These developments reflect India's commitment to enhancing energy storage and its role in supporting renewable energy integration. In Conclusion The paradigm shift represented by second-life batteries extends to the microcosm of individual choices and resonates in the macrocosmic realm of global energy sustainability. Each battery we extend the life of, and each material we recycle, is a contribution to the grand journey towards a circular economy of clean energy. Second-life batteries thus embody a luminous example of the benefits of switching from a linear to a circular economy, providing value, sustainability, and a promising pathway to address global energy challenges. It is imperative that we continue to support and invest in this paradigm of value creation as we strive for a more sustainable future in energy, as exemplified by India's announcement of the National Framework for Promoting ESS and recent sector partnerships for battery repurposing.
Resources

Second-Life Batteries: A Paragon Of Energy And Materials Sustainabilit...

In the realm of energy, the transition from a linear ‘take-make-waste’ model…
10th March, 2024
Amid Automation Push, Log9 Fires 115 Contractual Employees
News

Log9 Materials Fires 115 Contractual Employees, Delays January Salarie...

Along with delaying the salaries of all its employees for the month…
25th February, 2024
Magenta Mobility Shrugs Off Charging Infra Biz Sell Out; In Talks To Transfer A Few Charging Assets
News

Magenta Mobility Shrugs Off Charging Infra Biz Sell Out, In Talks To T...

Mumbai-based electric mobility startup Magenta Mobility has dismissed all the reports that…
15th February, 2024
[gravityform id="103" title="true" ajax="true"]

My inc42

Your Personalised Access To India's Tech & Startup Economy

Congratulations!

You've just followed your first industry and unlocked your personalised experience with My Inc42.

Remind Me Later

Follow popular Industry

You've just followed your first industry and unlocked your personalised experience with My Inc42.

AgriTech
CleanTech
Consumer Internet
Ecommerce
EdTech
Electric Vehicles
EnterpriseTech
FinTech
HealthTech
Logistics
Retail
Startup Ecosystem
TravelTech