With the thousands of minds and millions of dollars put into developing electric vehicle car batteries, it makes sense that companies are starting to “think outside the car” and look for the next application for energy storage. As energy grids get smarter and renewables account for a greater portion of the grid, grid operators are looking to new energy storage technologies to smooth out grid demands instead of relying on power plants running during peak demand times.
According to Pike Research, there’s an estimated $122 billion in potential deployments over the next ten years. Looking to carve out their piece of the pie, both Coda and Nissan are making moves to bring their car battery expertise into the wider arena for energy storage.
Although their first electric sedan is just rolling out this year, Coda didn’t stop to take a breath before launching Coda Energy, a new division focused on grid energy storage systems. Without having to reinvent the wheel, Coda aims to develop scalable energy storage systems using the lithium-ion battery system designed for their electric vehicles along with their battery management and active thermal systems.
Realizing there are many different applications and needs for energy storage, they’ll keep the technology as adaptable as possible, using modular design that can scale up or scale down for use by microgrids, the security sector, transportation sector, or EV fleet management.