Connected Energy and Forsee Power have entered a Partnership Agreement focused on developing energy storage solutions using second life batteries. The initiative combines Connected Energy's technology with Forsee Power's established battery packs, used widely in electric buses across Europe. The collaboration aims for large-scale commercial deployment, starting with a 2.5MWh system in the UK, expected by late 2025. With projected positive EBITDA targets, both companies emphasize the environmental and economic benefits of optimizing used batteries throughout their lifecycle.
"This agreement with Forsee Power represents a significant step forward in delivering a new second life economy for EV batteries," said Matthew Lumsden, CEO of Connected Energy.
"We are glad to extend our partnership with Connected Energy initiated in 2021, to develop a grid-scale energy storage system using battery packs from electric buses that have completed their first life," said Christophe Gurtner, Chairman & CEO of Forsee Power.
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