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Second-life EV Batteries Market to Hit $28.17 Billion by 2031, Driven by EV Demand, Renewable Energy Adoption, and Environmental Impact Mitigation – Exclusive Report by Meticulous Research®

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REDDING, Calif., Sept. 5, 2024 /PRNewswire/ — According to a new market research report titled, ‘Second-life EV Batteries Market Size, Share, Forecast, & Trends Analysis by Application (Power Backup, Grid Connection, EV Charging, Renewable Energy Storage, Other Applications), End Use (Commercial, Residential, Industrial) —Global Forecast to 2031.

The Second-life EV Batteries market is expected to reach $28.17 billion by 2031, at a CAGR of 43.9% from 2024 to 2031.

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Efforts to mitigate the environmental impact of battery disposal, the growing adoption of renewable energy sources, and the increasing demand for electric vehicles (EVs) are key factors driving the growth of second-life EV batteries.

Initiatives to Mitigate the Environmental Impacts of Battery Disposal Support Market Growth

Improper disposal of batteries can lead to significant environmental consequences. Batteries contain various chemicals and metals that can be detrimental if they leach into soil or water. There is a growing focus on mitigating the environmental impacts of EV battery disposal, including the development of robust recycling systems, the exploration of alternative battery chemistries with lower environmental footprints, and the establishment of regulations to enforce responsible disposal practices. Some battery materials are lost during recycling, which necessitates their acquisition for new battery production. As a result, battery refurbishing and repurposing have emerged as effective strategies for enhancing sustainability and reducing the negative environmental impacts associated with end-of-life batteries. The repurposing of end-of-life batteries provides the following benefits:

Resource Conservation: Unlike battery recycling, refurbishing end-of-life batteries does not require replacing materials lost during the recycling process, conserving critical battery materials/resources.Reduced Pollution: Battery manufacturing using recycled materials has a considerable environmental footprint, which can be avoided through battery repurposing.Efficient Energy Management: Batteries allow for the storage of excess energy during periods of high generation and can support electricity grids during periods of peak demand. However, the environmental footprint of new batteries is high, which can be reduced through the use of second-life batteries.

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To address the environmental repercussions of battery manufacturing, producers are actively working to bring refurbished and repurposed batteries to market. Additionally, governments are implementing regulations to foster sustainability within the battery ecosystem. For example, in August 2022, the Government of India introduced the Battery Waste Management Rules, which target EV batteries, portable batteries, automotive batteries, and industrial batteries. These rules endorse the principle of Extended Producer Responsibility (EPR), holding battery producers accountable for the collection and recycling or refurbishment of waste batteries.

EPR mandates the collection and proper disposal of all waste batteries, prohibiting their disposal through incineration and landfills, which can be further supported by battery repurposing. This proactive approach aligns with the broader global initiative to promote sustainable practices within the rapidly expanding energy industry. By enforcing stringent regulations, governments aim to ensure a more environmentally friendly and sustainable lifecycle for batteries, thereby enhancing the overall eco-friendliness of the energy sector. These factors are driving the development of second-life batteries and supporting the growth of this market.

Second-life EV Batteries Market Analysis: Key Segmental Findings

By Application: In 2024, the power backup segment is projected to account for the largest share of 55.1% of the second-life EV batteries market. However, the EV charging segment is expected to register the highest CAGR of 48.5% during the forecast period from 2024 to 2031.By End Use: In 2024, the commercial use segment is expected to account for the largest share of 51.1% of the second-life EV batteries market. However, the residential use segment is anticipated to record the highest CAGR during the forecast period from 2024 to 2031.

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Geographic Analysis:

By geography, the second-life EV batteries market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of 68.7% of the second-life EV batteries market. This market is expected to reach $19,362.6 million by 2031.

Governments in the region are advancing initiatives to transition towards green energy. According to the Ministry of New and Renewable Energy, India aims to achieve a renewable energy capacity of 500 GW by 2030. Similarly, Singapore is focused on transforming its energy supply to enhance sustainability, with a goal of reaching net-zero emissions by 2050. To meet these targets, there is an increasing need to boost renewable energy generation and implement effective storage and management solutions. Second-life battery energy storage plays a crucial role in achieving these objectives.

As the region continues to develop its renewable energy infrastructure, the demand for energy storage solutions to manage the intermittency of sources such as solar and wind power is expected to rise. Various companies are launching initiatives to repurpose second-life EV batteries for renewable energy storage. For example, in July 2020, Tokyo Electric Power Co. Holdings (TEPCO) from Japan announced plans to establish a storage business utilizing used EV batteries from China. This strategy involves assembling up to 30 used EV battery packs into energy storage systems for deployment at renewable energy plants.

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Moreover, the growing efforts to establish a comprehensive ecosystem for the reuse and life-cycle management of used EV batteries are expected to drive the expansion of the second-life EV market in the region. For example, in June 2023, MG Motor India, a British automobile brand with a 99-year legacy, partnered with LOHUM, India’s largest producer of sustainable energy transition materials, to develop second-life solutions for batteries. This initiative is designed to enhance battery utilization and support the circular economy. The project aims to unlock the potential of used batteries by repurposing them as Battery Energy Storage Systems (BESS), thereby extending their life cycle and optimizing resource use.

Some of the recent developments in this market space are as follows:

In August 2023, LOHUM (India) partnered with Vecmocon Technologies Pvt Ltd. (India) to work on the life-cycle management of EV batteries. The partnership aims to promote the adoption of second-life batteries. Over the course of two years, the initiative aims to power 100,000 Li-ion battery-powered EVs equipped with AI-powered Battery Management Systems (BMS) by determining the residual value of the batteries.In May 2022, the BMW Brilliance Automotive joint venture (BBA) in China announced the establishment of a closed-loop system for the reusing of raw materials like nickel, lithium, and cobalt from high-voltage batteries that are no longer suitable for use in EVs.

Europe: The Fastest-growing Regional Market

The European Union (EU) has set a goal of establishing a fully circular economy for EV batteries, aiming to ensure that all resources within these batteries are recycled and reused at the end of their life cycle. However, before reaching the recycling stage, EV batteries can be repurposed into second-life batteries. According to Dutch EV equipment supplier EVBox, EV batteries typically retain 70% to 80% of their original capacity after 10 to 15 years of use. At this point, they are generally deemed unsuitable for further automotive use due to reduced capacity.

Many major car manufacturers in the European region are actively exploring potential applications for EV batteries after they have aged and reached a capacity of around 70-80% during their “first life” in the vehicle. For example, in September 2022, Kia Europe announced plans to reuse retired EV batteries in “Second Life” battery energy storage systems as part of its global sustainability strategy. Kia has partnered with encore, a corporate startup from Deutsche Bahn (Germany), to collect EV battery packs from across Europe and repurpose them into second-life battery energy storage systems.

Additionally, in January 2022, Audi AG (Germany) collaborated with RWE (Germany) to establish an energy storage facility in Herdecke, Germany, using lithium-ion batteries from Audi electric cars. This facility, located at RWE’s pumped-storage power plant on Lake Hengstey, integrates 60 battery systems and can temporarily store approximately 4.5 megawatt-hours of electricity.

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Some of the recent developments in this market space:

In August 2023, Automotive OEM Jaguar Land Rover (U.K.) collaborated with Wykes Engineering (U.K.) to deploy a 2.5MWh second-life battery energy storage system (BESS) utilizing EV batteries. The collaboration was aimed at expanding the system’s capacity to 7.5MWh by the end of 2023. Each Wykes Engineering BESS unit consists of 30-second-life I-PACE batteries, which can store up to 2.5MWh of energy at full capacity.In June 2022, Volvo Energy (Sweden) invested in Connected Energy (U.K.), a second-life battery energy storage specialist, to further accelerate Volvo Group’s battery business and sustainability opportunities.

Second-life EV Batteries Market: Competition Analysis

This report offers a competitive analysis based on an extensive assessment of the leading players’ product portfolios, geographic presence, and key growth strategies adopted over the past three to four years. Major companies in the second-life EV batteries market have implemented various strategies to expand their product offerings and global footprints and augment their market shares. The key strategies followed by most companies in the second-life EV batteries market were product launches, partnerships, agreements, and collaborations. The key players operating in the second-life EV batteries market include B2U Storage Solutions, Inc. (U.S.), RePurpose Energy Inc. (U.S.), BeePlanet Factory SL (U.S.), ReJoule (U.S.), Cactos Oy (Finland), ECO STOR AS (Norway), Connected Energy Ltd. (U.K.), Smartville Inc. (U.S.), Lohum Cleantech Private Limited (India), and DB Bahnbau Gruppe GmbH (Germany).

Second-life EV Batteries Industry Overview: Latest Developments from Key Industry Players

In September 2023, Connected Energy signed an agreement with Volvo Energy to develop a battery energy storage system (BESS) utilizing batteries recovered from Volvo electric buses, trucks, and machinery once they have reached the end of their optimal use in mobile applications. This initiative aims to give the batteries a second life, providing significant environmental and economic benefits.In September 2023, Smartville introduced the Smartville 360 Battery Energy Storage System (BESS) at the RE+ 2023 conference. The Smartville 360™ BESS is a fully integrated, turnkey energy storage solution that incorporates high-quality repurposed automotive lithium-ion battery packs from a range of automotive makes and models.In June 2023, BeePlanet Factory announced an agreement with SungEel HiTech (South Korea), Samsung C&T (South Korea), Metales de Navarra S.A. (Spain), Truck&Wheel Group (Spain), and Sodena (Spain) to collaborate on the reuse and recycling of lithium-ion batteries EVs. With an investment of USD 20.25 million (EUR 18.5 million), the newly formed company, BeeCycle, will operate on a 31,000 sqm site in Caparroso, Navarra. The project is set to employ 60-70 personnel to handle the processing of batteries that have reached the end of their life cycle or scrap from cell manufacturing.In June 2023, B2U Storage Solutions Inc. developed technology capable of integrating thousands of used EV batteries into arrays that can store megawatts of electricity from wind, solar, and other renewable sources. This technology effectively extends the lifespan of EV batteries before they are eventually recycled to recover their components.In March 2023, Smartville deployed its Smartville 360 energy storage system at the University of California San Diego’s Library Annex. This installation is designed to help UC San Diego reduce demand on the local utility grid after sunset and avoid peak electricity rates.In February 2023, B2U Storage Solutions, a leading provider of large-scale energy storage systems using second-life EV batteries, announced that 25 MWh of storage capacity is now operational at its SEPV Sierra hybrid solar storage facility in Lancaster, California. The project’s storage capacity includes 1,300 reused EV battery packs sourced from Honda and Nissan.In May 2021, ECO STOR signed an agreement with Nissan Motor Co. Ltd. (Japan), a leading Japanese multinational automobile manufacturer, to reuse EV batteries for energy storage projects and to recycle batteries once they reach the end of their life in an EV.

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Scope of the Report:

Second-life EV Batteries Market Assessment—by Application

Power BackupGrid ConnectionEV ChargingRenewable Energy StorageOther Applications

Second-life EV Batteries Market Assessment—by End Use

CommercialResidentialIndustrial

Second-life EV Batteries Market Assessment—by Geography

Asia-PacificNorth AmericaEuropeLatin AmericaMiddle East & Africa

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Plant-based Food Market Report Summary

Particulars

Details

Number of Pages

93

Format

PDF

Forecast Period

2024–2031

Base Year

2023

CAGR (Value)

43.9 %

Market Size (Value)

USD 28.17 Billion by 2031

Segments Covered

By Application

Power BackupGrid ConnectionEV ChargingRenewable Energy StorageOther Applications

By End Use

CommercialResidentialIndustrial

Region Covered

North America, Asia-Pacific, Europe, Latin America, Middle East & Africa

Key Companies

B2U Storage Solutions, Inc. (U.S.), RePurpose Energy Inc. (U.S.), BeePlanet Factory SL (U.S.), ReJoule (U.S.), Cactos Oy (Finland), ECO STOR AS (Norway), Connected Energy Ltd. (U.K.), Smartville Inc. (U.S.), Lohum Cleantech Private Limited (India), and DB Bahnbau Gruppe GmbH (Germany)

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Sophont Launches Holon-S1 to Reveal Tumor Biology from Routine Pathology Slides

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October 20, 2026

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SACRAMENTO, Calif., Oct. 20, 2026 /PRNewswire/ — Sophont, a frontier medical AI startup, announces Holon-S1, a pan-cancer AI model that predicts spatial gene and biological pathway activity from routine hematoxylin and eosin (H&E) pathology slides. By using widely available pathology slides, Holon-S1 aims to broaden access to insights that typically require costly and time-consuming molecular testing, supporting biomarker discovery and personalized treatment research.

“Most AI pathology solutions infer patient risk profiles without showing clinicians and researchers what biology resulted in the prediction,” said Tanishq Mathew Abraham, Ph.D., CEO & Co-Founder of Sophont. “Holon-S1 was designed to uncover the biology behind the answer, showing which genes are active, where in the tumor they are active, and how that is related to whether a patient is likely to respond to treatment. Pathology has historically told us what a tumor looks like. Holon-S1 goes beyond this and tells us what the tumor is doing and where it may be vulnerable.”

In a retrospective osteosarcoma patient case study using publicly shared slides, Holon-S1 recovered several insights originally obtained through months of extensive molecular testing.

Holon-S1 identified a fibroblast-associated program including FAP, the gene targeted by a therapy that the patient responded to. Comparing pretreatment and post-treatment slides, quantified increased immune infiltration and decreased cancer proliferation. The model had not been trained on osteosarcoma, suggesting potential generalization to unseen cancer types and analysis of archived slides without new tissue.

In triple-negative breast cancer, a novel biomarker defined by the spatial organization of predicted EREG activity was associated with response to chemotherapy before surgery in discovery and separate held-out cohorts. EREG has been implicated in chemotherapy sensitivity in other cancers; for the first time, this analysis suggested potential relevance in breast cancer. Details appear in Holon-S1’s technical report.

Sophont evaluated Holon-S1 across 16 organ types, more than 15 scanners, and formalin-fixed, paraffin-embedded and fresh-frozen tissue. In a controlled comparison, it outperformed two other state-of-the-art models released this year in spatial gene activity prediction and robustness.

Holon-S1 is currently available for research use only. Sophont is designing further retrospective and prospective studies to evaluate potential diagnostic use.

“Biomedical foundation models are advancing at an extraordinary pace, and we are entering an era in which feature extraction and prediction alone may no longer suffice,” said Jorge Reis-Filho, Chief Strategy Officer and Operating Partner at Foresite Labs and Venture Partner at Foresite Capital. “Models that combine high predictive accuracy with biological interpretability could enable new approaches to translational research and help us reimagine disease taxonomy and segmentation, as well as play pivotal roles in patient stratification,” he added. “I look forward to seeing rigorous, independent evaluations of Holon-S1 against other leading foundation models on biologically and clinically relevant benchmarks.”

The company is inviting biopharma and life sciences companies as well as research institutions to collaborate on biomarker discovery, therapeutic target research, and analysis of existing and archived patient cohorts.

Explore Holon-S1: https://sophont.med/holon 

About Sophont
Sophont is a frontier medical AI lab building open, multimodal medical foundation models. Founded in February 2025 by Tanishq Mathew Abraham, Ph.D., and Paul Scotti, Ph.D., Sophont has raised $9.22M to date from Kindred Ventures, Upfront Ventures, Jeff Dean (Discovery Loop), Logan Kilpatrick (Google DeepMind), Clem Delangue (Hugging Face), and others. Sophont’s mission is to build open medical superintelligence: AI that sees the whole patient, and that every clinician and researcher can use, inspect and build on. Its open releases include OpenMidnight, CortexMAE and Medmarks. Learn more: https://sophont.med.

Media Contact
contact@sophont.med

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Florida Poly makes history with first flying police vehicle

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October 20, 2026

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LAKELAND, Fla., Oct. 20, 2026 /PRNewswire/ — The Florida Polytechnic University Police Department has become the first law enforcement agency in the nation to integrate an electric vertical takeoff and landing (eVTOL) vehicle into its operations.

The manned aircraft, dubbed Astro in a double nod to science and the dog from the classic Jetsons cartoon, marks Florida Poly’s entry into the rapidly developing field of advanced air mobility (AAM), creating new opportunities to explore how the emerging technology can support public safety.

“Advanced air mobility is a technology on the rise, and we can either choose to be proactive or reactive as it develops,” said Aaron Murray, the University’s police chief. “We want to stay at the forefront of this technology and understand how it can be used to advance public safety and airspace safety altogether.”

Florida Poly is in the final stages of seeking approval from the Federal Aviation Administration to use the aerial patrol vehicle in its operations. Murray said Astro can enhance the department’s ability to monitor campus and surrounding acres, reach areas difficult to access by traditional vehicles, assist with post-storm recovery efforts and deliver emergency supplies quickly when needed.

The University Police plans to collaborate with law enforcement agencies throughout the region to deploy Astro in support of emergency response and other public safety operations.

First in the U.S.
Stéphan D’haene, CEO of Jetson, said the California-based company fast-tracked Florida Poly’s order of the Jetson ONE vehicle despite a three-year waiting list because of the University’s STEM focus and the police department’s public safety purpose, both of which reflect Jetson’s goals for the future of safe flight.

“In our business plan and in alignment with our mission, we have always been looking for the use case beyond the recreational intent,” D’haene said. “We believe that this project is so important and aligns so much with what we want to do that we made it a priority.”

A new educational horizon
Beyond its public safety applications, Astro will become a hands-on learning and research tool for Florida Poly students and faculty. The University launched its new aerospace engineering degree this fall, providing students an immediate opportunity to study emerging flight technology in a real-world setting.

“At Florida Poly, we want our students working with emerging technologies before they become commonplace,” said Dr. Brad Thiessen, Florida Poly’s provost. “Astro gives our students and faculty a living laboratory where they can analyze real-world data, tackle new engineering challenges and help shape the future of advanced air mobility.”

Faculty and students are already coordinating efforts to use real-time operational data from Astro for academic research and senior capstone design projects.

“Connecting an educational component to this technology is a big deal,” Murray said. “We are a technology university, and this aerial vehicle delivers more opportunities to learn, build partnerships and explore ways to keep our airspace safe, while connecting the work of our police department directly with our students.”

Technology takes flight
The introduction of the Astro flying police vehicle is the latest example of Florida Poly putting emerging technology into practice across campus. The University recently added a drone unit for its police department and a student-powered Security Operations Center for cybersecurity.

“There are a lot of things that people once looked at as recreational vehicles that are incredible tools in our profession now,” Murray said. “People used to think that bicycles, motorcycles and drones were all just toys or hobbies, but look at the huge impact they have made on our law enforcement profession.”

Astro’s arrival also comes as AAM gains momentum across the state, particularly in Central Florida.

Florida was recently selected to participate in the Federal Aviation Administration’s eVTOL and Advanced Air Mobility Integration Pilot Program, designed to safely integrate next-generation aircraft into the national airspace. The SunTrax facility in Auburndale, Florida, located only four miles away from Florida Poly, is home to the nation’s first dedicated AAM aerial test track, with eVTOL testing expected to begin by the end of 2026.

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We Fight Giants Goes Big: Thiessen Law Firm Brings Its Personal Injury Trial Firm to Houston’s Highways

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33 minutes ago

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October 20, 2026

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Two new billboards along Loop 610 and U.S. 290 introduce Houston drivers to We Fight Giants, the personal injury division of Thiessen Law Firm.

HOUSTON, Oct. 20, 2026 /PRNewswire-PRWeb/ — Two new billboards are now up across Houston, one on the 610 Loop and one on U.S. 290, introducing drivers to We Fight Giants, the personal injury division of Thiessen Law Firm. The message is short. The billboards read “We Fight Giants” and feature founder Mark Thiessen alongside trial attorney Taly Thiessen.

“We try these cases with our heart and soul, and we treat every client like a member of our own family.”

The campaign is the public introduction of a division that launched in 2024 and has quickly built a reputation for taking on insurance companies and corporate defendants in the courtroom. Rather than the typical injury-firm billboard, the design leaves out the slogans and settlement promises. It puts the attorneys who will actually try the case front and center.

That choice is intentional. Thiessen Law Firm has spent 15 years fighting for Houstonians when they need it most, taking more than 220 cases to a jury and building a formidable trial practice along the way. We Fight Giants brings that same courtroom experience to injured Texans. The firm describes itself as a high-quality boutique practice made up of trial attorneys who handle far more than car accidents, and who are prepared to take a case to a jury when an insurance company will not pay what a client is owed. From what they’ve experienced, the Thiessen name alone can make insurance companies come to the negotiating table.

“Most people see a billboard and assume they know exactly what kind of lawyer is behind it. We wanted to break that mold,” said Mark Thiessen, Founder and Trial Attorney at Thiessen Law Firm. “We’re not money-hungry lawyers looking for a quick check. We’re not a glorified shell corporation with 200 lawyers working for us. We’re a hometown firm. We try these cases with our heart and soul, and we treat every client like a member of our own family who was injured. We’re the ones who pick up the phone, the ones who will take your case to trial, and the ones who make the insurance companies nervous.”

Taly Thiessen, trial attorney at Thiessen Law Firm, said the goal is for potential clients to feel they already know who will be fighting for them. “When someone is hurt and dealing with an insurance company, they’re usually understandably scared,” she said. “We work with a lot of people that have had bad experiences with attorneys. They just need to know that someone is working for their best interests — a real person who is on their side, a person they know and trust. Hopefully when people see the billboard they’ll feel like they know us a little better.”

The billboards have already started conversations, though not all of them the firm expected. “Well, we keep getting asked if we are the local newscasters,” Thiessen said. “We are not. We are just a group of trial attorneys with a sincere message: we’re here to level the playing field for Texans by fighting the giants, and we’re here to get people what they deserve.”

ABOUT THIESSEN LAW FIRM

Thiessen Law Firm is a Houston-based trial law firm founded in 2009 by 14-time Texas Super Lawyer Mark Thiessen. The firm’s We Fight Giants personal injury division, launched in 2024, applies aggressive trial advocacy to fighting insurance companies and corporate defendants on behalf of injured Texans. Thiessen Law Firm’s 160+ Not Guilty verdicts and thousands of cases dismissed established it as one of the nation’s elite criminal defense practices.

For more information, visit https://www.thetexastrialattorney.com/.

Note to Editors:

For additional information regarding Thiessen Law Firm’s results or interview requests with Mark Thiessen, please contact Daniel Ebbs at the provided contact information below.

Disclaimer:

Past results do not guarantee future outcomes. The case results described here are illustrative of matters handled by Thiessen Law Firm and do not constitute a guarantee, warranty, or prediction regarding the outcome of any future legal matter. Every case is different and must be evaluated on its own facts, applicable law, and circumstances.

Media Contact

Daniel Ebbs, Thiessen Law Firm, 1 (832) 236-2854, ebbs@thetexastrialattorney.com, https://www.thetexastrialattorney.com/

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SOURCE Thiessen Law Firm

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