Farasis Energy Europe and Cling Systems are partnering to accelerate the sale of second-life battery and unused EV battery solutions for deployment in stationary energy storage systems.
The collaboration between Farasis Energy Europe – a developer of lithium-ion battery technology for mobility, industrial, and energy storage applications – and Cling Systems – a Swedish start-up accelerating battery circularity – aims to support Farasis’ sustainability goals while advancing Cling’s mission to build commercially viable, circular battery value chains.
Through this partnership, Cling will market and sell Farasis’ second-life and unused cells and modules on its S1 market platform for use in high-end battery energy storage systems (BESS). In doing so, it will support the electrification of underdeveloped markets and provide backup to critical infrastructure.
S1, said to be the first circular market platform for batteries, enables companies that build energy storage systems to diversify their supply chains, reduce costs and cut carbon footprint.
“This is the industry’s first structured ambition to route OEM-grade batteries to flow directly into stationary storage in order to maximise value and sustainability,” said William Bergh, founder and CEO of Cling Systems. “Together with Farasis we’re proving that circularity can be both sustainable and commercially attractive, starting today.”
Xiaofeng (Shawn) Wu, head of operation, Farasis Energy Europe added: “Every kilowatt-hour we upcycle into long-life storage saves raw materials and reduces CO₂ emissions. Partnering with Cling gives us a turnkey channel to do that at scale.”
Image: The start of a strategic partnership: Soeren Fink (left) and William Bergh (right)
