It is working with Ohio-based electric utility American Electric Power AEP) to develop a network of used electric vehicle (EV) batteries that could be integrated into AEP's electricity system.
The battery reuse project seeks to address multiple challenges related to the expansion of EVs, including the repurposing of used EV batteries, the expected impact of EV demand and renewable energy on the nation's utility operators and the integration of EV batteries as a storage solution for the electric grid.
The increasing volume of EVs has the potential to strain the power grid, including spikes in demand during early evening hours when drivers plug in their EVs after work. Storing additional power in used EV batteries can help utilities meet demand by using renewable energy resources.
"Together with AEP, we are exploring opportunities to use the 2nd life battery to improve energy security, reduce CO2 and prepare for broad scale electrification of the transportation ecosystem," said Ryan Harty, manager of Connected and Environmental Business, American Honda Motor Co., Inc. "Neither automakers nor utilities can address these complex technical, policy and business issues alone."
"AEP is focused on building a smarter, cleaner energy grid and putting in place new technologies that will benefit our customers. We are excited about the possibilities of this collaboration as we work to create the energy system for the future," said Ram Sastry, AEP's vice president of Innovation and Technology.
The project is using batteries from the Honda Fit EV that launched in 2012 as a lease-only vehicle and has since been replaced by the Honda Clarity. The aim is to help both companies to develop technology and standards to reuse battery technology in future vehicle grid integration, as well as new business models to improve the value of EVs.