'ArtM72' pid='37164' datel Wrote:
'admin' pid='37156' datel Wrote:Sumitomo Corp. (8053) said it installed a power storage system using recycled electric-vehicle batteries near a solar power station in the western prefecture of Osaka. The 600-kilowatt system is the world’s first large-scale power storage system from used EV batteries, the Tokyo-based company said in a statement today. The device uses 16 used batteries.Sumitomo Sets Up Solar Power Storage System With Used Batteries - Bloomberg
Interesting article as it highlights the fact that many if not most automotive grade Li ion batteries will have significant useful service lives following death of the chassis. That resale market should become substantial in years to come. It was one of the reasons I was so interested in Ener1 and its advanced batteries.
Unfortunately there were a couple of bad business decisions made by HEV and ...in my mind at least...a suspect Chapter 7 filing. One of the original major holders (a Russian billionare) was able to subsequently buy the company's substantial intellectual and manufacturing assets from the bankruptcy court for pennies on the dollar. A very sad investment outcome for us little guys.
Yea, that's tough, and generally that innovative space is risky, although if you got hold of the right tail, you can ride a tiger to riches. But in the meantime, there is so much that can go wrong. I genuinly believe one should only reserve a small part of one's portfolio to that space, and have multiple stocks, which then become like options.