The startup develops battery energy storage systems (ESS) that utilize EV battery packs for large-scale energy storage, enabling the delivery of stored electricity to the grid during periods of low solar and wind energy generation. This approach reduces the Levelized Cost of Storage (LCOS) compared to new batteries, allowing clients to efficiently meet high electricity demand.
Funding
$10M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Grid-scale energy storage is essential for balancing intermittent renewable energy sources like solar and wind, but the high cost of new batteries makes widespread adoption challenging. Electric vehicle (EV) batteries, after their initial use, still retain significant capacity but are often discarded, representing a large underutilized resource.
Solution
B2U Storage Solutions addresses this challenge by deploying second-life EV batteries in large-scale, grid-connected energy storage systems (ESS) using its patented EPS (EV Pack Storage) technology. This approach avoids the costs associated with traditional battery repurposing by integrating EV battery packs directly into the ESS without modification. B2U's EPS cabinet system allows for "plug and play" integration of various EV battery packs, while its software architecture manages batteries with different capacities to ensure efficient charging and discharging. The company's Energy Management System (EMS) and automated market operations software further optimize system performance and participation in wholesale power markets. This enables B2U to deliver cost-effective energy storage solutions, reducing the Levelized Cost of Storage (LCOS) and enabling greater adoption of renewable energy.
Target Audience
B2U's primary customers are utilities, independent power producers (IPPs), and grid operators seeking cost-effective and sustainable energy storage solutions to integrate renewable energy sources and enhance grid stability.
Features
- Patented EPS (EV Pack Storage) technology enables direct integration of second-life EV batteries without costly repurposing.
- EPS Cabinet System allows "plug and play" integration of EV battery packs from various OEMs and states-of-health.
- Matrix system architecture optimizes charging and discharging of battery packs with varying capacities.
- EPS Cabinet Controller (ECC) software manages individual battery packs, ensuring safe operation and maximizing yield.
- Energy Management System (EMS) provides real-time monitoring and control of the entire ESS, including automated fault clearing.
- Proprietary system for wholesale market operations (MOPD) automates participation in energy markets, optimizing for peak pricing.
- AI-powered analytics continuously improve system automation and management.