Demeter (via FMET), Groupe Renault, The Mobility House and Mitsui & Co. have created a joint project company in Germany dedicated to stationary storage using batteries from Renault electric vehicles

Friday 30 August 2019 – Demeter (via the Fonds de Modernisation Ecologique des Transports – FMET), Groupe Renault, The Mobility House and Mitsui & Co. have created a joint project company in Germany dedicated to stationary storage using batteries from Renault electric vehicles.

This investment is part of the “Advanced Battery Storage” project, the largest stationary electricity storage system using electric vehicle batteries, which aims to develop an installed capacity of 20 MW in Germany, after a first project and investment already made by FMET fund to install a storage capacity of 45 MW in France.

The storage system will use Renault EV batteries deployed in containers and the storage capacity will be commercialized by the technology company The Mobility House to meet various network energy services or other industrial storage needs (frequency containment reserve service, peak shaving, backup…).

For further information: Press Release