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EV battery innovator secures $10M funding for recycling and energy storage

By Michelle Froese | July 17, 2024

Smartville Inc., an EV battery circularity innovator headquartered in Carlsbad, California, recently announced a partnership with the US Department of Energy Office of Clean Energy Demonstrations (OCED) for a $10M, five-year Long-Duration Energy Storage (LDES) Demonstrations Program’s Second-Life Smart Systems (SMART) project.

Map of the US displaying various installation locations.

This funding supports Smartville’s efforts to repurpose retired EV batteries by demonstrating their viability in diverse applications while creating an ecosystem of EV battery circularity.

“By repurposing retired EV batteries, Smartville is helping to create more sustainable and affordable energy systems for communities across the country,” said Rep. Mike Levin (CA-49).”This project will support underserved communities while improving our climate resilience. I’m proud to have helped secure the funding for this project through the Department of Energy, and I look forward to seeing all the applications of this technology in the future.”

The LDES Demonstrations Program aims to validate new energy storage technologies and enhance the capabilities of customers and communities to integrate grid storage more effectively.

As part of this program, OCED sought applications for LDES projects from various technologies intended to overcome technical and institutional barriers to full-scale deployment of LDES systems in diverse geographies. Following negotiations, in June 2024, OCED awarded the Second Life Smart Systems (SMART) project with nearly $1M to begin work in the first project phase. The SMART project will be located in San Diego and Los Angeles Counties, CA; Orangeburg, SC; Denmark, SC; Atlanta, GA; and New Orleans, LA.

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Filed Under: Batteries, Technology News
Tagged With: smartville
 

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