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Tokyo Electric Power Co. Holdings (Tepco)

Japan utility aims to slash ESS cost by repurposing used EV battery lithium-ion packs

Thu, 07/09/2020 - 11:27 -- Paul Crompton

Japanese utility Tokyo Electric Power Co. Holdings (Tepco) is set to launch a storage business using used electric vehicle (EV) batteries from China, just weeks after establishing its wholly owned subsidiary Tepco Ventures to enter new business ventures.

The plan is to assemble up to 30 used EV battery packs into energy storage systems for use at renewable-energy plants, according to reports by news outlet Nikkei Asian review.

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