French car giant Renault has launched a new subsidiary to invest in the development of secondary use of electric vehicle batteries (EV) for stationary energy storage and smart charging networks.
The new division, Renault Energy Services (RES), said it will research “vehicle-to-grid interaction to expand electric mobility and develop smart grids”.
Renault said RES will also invest in smart grid-related projects by “forging privileged ties with the energy industry’s various stakeholders”.
Renault’s senior VP for EVs Gilles Normand said the move would “reinforce the lead we enjoy in the European EV market and accelerate the EV industry’s scale-up”. See feature on second life in our upcoming Autumn issue on page 111.