Groundbreaking at the factory site was attended by federal and state politicians. Image: Fenecon.
Energy storage hardware and software company Fenecon has begun construction of a new factory in Germany which will repurpose electric vehicle (EV) batteries into stationary storage systems.
The new site in the Bavarian municipality of Iggensbach will produce large-scale battery energy storage systems (BESS) using EV batteries paired with energy management systems (EMS).
Called CarBatteryReFactory, the site’s construction in an industrial park officially began last week on 18 November with a ceremonial groundbreaking event.
Fenecon, which announced the development yesterday, said the project represents around €22 million (US$22.72 million) investment, with funding contributions of €4.5 million from the European Union (EU) Innovation Fund and €1.7 million from…