Overview
- Description
The EU has targeted renewable energy shares of 32% and a 50% reduction in GHG emissions by 2030 which has to lead to an exponential growth in the demand for battery energy storage systems (BESS). Without suitable re-use technologies for old batteries, 95% of all end-of-life battery systems will be disposed of and the EU will accumulate 250k tonnes of waste by 2025. STABL has developed and patented SMART BATTERY, a disruptive innovation that allows the module-level control of BESS through novel inverter hardware and smart algorithms. This approach enables the lifecycle extension of batteries by up to 15 years as well as efficiency increases, deep battery analytics, remote operation and performance predictions while cost savings reach 90%. With a €1.2bn business opportunity in the inverter markets, this project is critical to accelerating STABL's development work and we expect to significantly contribute to the EU’s Green Deal targets and sustainable energy infrastructure.
- Website
- Invested amount
- Founded
2019
- Project
- Country
- Germany
- Theme
- Engineering and technology