Renault Enters Smart Home Energy Market

Renault has launched a smart energy system, which looks to make use of second-life EV batteries for domestic and commercial energy storage.

Partnering with Powervault, the system will undergo trials with customers who already have solar panels installed. A total of 50 units will be involved in the trial, which will involve eligible M&S Energy customers along with social housing tenants and schools in the South East.

The system stores energy generated by the solar panels for use when the demand is greatest. It also allows owners to charge from the grid at off-peak rates, for use during peak times.

Powervault will use batteries that have come to the end of their usable EV life from Renault, as the French manufacturer enters the home energy storage market like its group partner Nissan, and other plug-in manufacturers Tesla, BMW, and Mercedes Benz.

Nicolas Schottey, Program Director, EV batteries and infrastructures at Renault, said:

“Thanks to this home energy storage partnership with Powervault, Renault is adding a new element into its global strategy for second life batteries, which already covers a large number of usages from industrial to residential building and districts.

“The second life use not only gives additional life to electric vehicle batteries before they are recycled, but also allow consumers to save money. It’s a win-win-win: for EV owners, home-owners and the planet.”

Source: ZapMap via Fuel Included News