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The car trash to cash: how the AMERICAN company would have the power of European football stadiums with the old batteries

OSLO (Reuters) – U.S. industrial conglomerate Eaton, which makes use of a second-hand Nissan electric vehicle battery to power the buildings, has been in talks with the six European football, to help power their facilities, according to a senior executive.

A general view of the Bislett stadium, in Oslo, Norway, 21st of June, 2019 at the latest. (REUTERS photo/Lefteris Words

Eaton, a New York-listed company, which makes hydraulics, truck transmissions and other industrial products, said the market is a niche, but it is expected to grow 20-fold between now and 2022.

In Europe, the Middle East, and Africa region, Eaton’s estimates of the potential market value of $2.3 billion a year by 2025.

What should you do with the used batteries of electric vehicles has become an increasing problem, since their use is being extended, with electric cars, accounting for 1.5% of the 86 million automobiles were sold worldwide last year, according to researchers JATO Dynamics.

Eaton takes over the cells of the battery by the Japanese automaker Nissan returned to the Leaf electric vehicle, and can support you in the introduction of new units, which it calls the xStorage to energy saving in buildings, for both industrial and residential.

It has been equipped in the Netherlands, a Dutch soccer legend Johan Cruyff, Arena, the legendary home ground of the Ajax football team, among other buildings, in what they call the “second life batteries”. Her latest project was the Oslo-Bislett track and field stadium in Norway, and that is partly powered by solar panels.

“The football community is interested in. Of the significant ones, and we speak with 5 or 6 football stadiums in Europe.” Eaton’s senior vice-president, Craig McDonnell, said in an interview on the sidelines of a presentation at the Bislett stadium.

With the exception of Tesla, which it sees as a competitive force in the storage business, the company is also talking to other vehicle manufacturers to expand its offering. McDonnell declined to give names.

Eaton says it is the xStorage solution that is 20% less expensive than a new battery pack, and each of the Nissan Leaf-a car that can produce up to four of these units.

It is one of the large-scale commercial development of the market, with different projects carried out by the German car maker BMW produces the second-hand battery of the i3 is an electric vehicle, to store wind farm electricity production.

Reporting by Lefteris Words, edit them, Gwladys Fouche and Emelia Sithole-Matarise

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