Currents has officially launched a marketplace with battery inventory eligible for a second life (2L). One of the platform’s first users is Nissan North America, which will provide battery inventory with transparent pricing and state-of-health information.
A business-to-business marketplace designed for stakeholders throughout the end-of-life (EoL) EV battery supply chain, Currents is a facilitation platform that provides buyers with transparency into inventory, pricing, and state-of-health (SOH) while extending the lives of retired EV batteries.
The platform drives value for buyers by solving pain points around sourcing, enabling suppliers to scale their operations to the largest available demand pool, and fulfilling a real gap in the industry.
This closed-loop model extends the life of valuable battery assets and reduces greenhouse gas emissions from material production. Currents offers a solution to the challenges faced by the end-of-life lithium supply chain due to the increased demand for EV batteries. Maximizing the effective life of every battery is important for strengthening energy independence, unlocking the value of renewables, and bolstering domestic supply chains.
“We’re thrilled to go to market with Nissan’s inventory and provide approved buyers with the best available second-life inventory at the fairest, most transparent pricing based on state-of-health,” said Anthony Garbarino, CEO of Currents. “Together with Nissan, we can maximize battery lifecycle value and provide second-life buyers with a single, trustworthy destination to solve their demand needs. Our goal is for integrators to spend less time sourcing and more time scaling.”
Along with Nissan, OEMs, and other industry participants, the company is also developing a first-of-its-kind 2L battery e-commerce platform that will enhance visibility of available EV batteries across North America for stakeholders throughout the EoL supply chain.
“Currents is at the forefront of tackling the demand for sustainable energy solutions and supply chain circularity with their platform,” said Nick Arnold, principal at HG Ventures. “All OEMs are grappling with the need for end-of-life strategies for EV batteries, which is why we invested in Currents, and it is exciting that Nissan is leading the way in this field.”
Filed Under: Batteries, Technology News