Price of second-life batteries for base stations

How much does a second life battery cost?

However, the estimated cost of a second life battery, including all expenses, falls within the range of $25 to $49/kWh. Furthermore, even with the declining LIB costs, McKinsey still estimates a price savings of between 30 to 70% for purchasers of used batteries for second life applications as compared to new batteries in 2025 .

Could “second-life” batteries be used in stationary battery energy storage systems?

The potential to use “second-life” batteries in stationary battery energy storage systems (BESS) is being explored by several startups, along with some grant programs and a few EV manufacturers.

What is a second-life battery used for?

Potential uses for second-life batteries include CBS, EV charging stations, mobile energy storage, streetlamps, uninterruptible power systems, and residential energy storage.

How much does a first-life battery cost in 2023?

Despite the plunge in lithium prices in 2023, first-life batteries still cost 2–6 times as much as second-life batteries. As 2023 drew to a close, first-life LFP modules cost $90–120 per kWh, while retired batteries typically sold for $0–60 per kWh. But how does this translate into the overall cost of an installed BESS?

Are Second-Life EV batteries the newest value pool in energy storage?

International Energy Agency, “World Energy Outlook 2019,” International Energy Agency. November 2019 H. Engel, P. Hertzke, G. Siccardo, “Second-life EV batteries: the newest value pool in energy storage,” McKinsey & Company.

Where do second-life battery storage deployments occur?

Given the early stages of repurposer business development, the majority of second-life battery storage deployments have, therefore, also mostly been found in Europe, or in the countries of a repurposer’s headquarters.