Element Energy raises $28M for grid storage powered by used EV batteries

(Canary Media) – The startup’s granular charging controls can get more energy out of second-life batteries while also detecting and preventing failures that could start fires.

Lithium-ion batteries are reshaping the automotive and grid industries, but fire risk continues to stymie widespread adoption. Automakers have resorted to billion-dollar recalls to deal with batches of defective batteries, while fires periodically shut down grid battery plants. Even fires limited to a single container can disrupt surrounding communities.

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