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Toyota: Construction and Launch of a Large-capacity Sweep Energy Storage System from Reused Electrified Vehicle Batteries Connected to the Electrical Power Grid

Toyota City, Japan, Oct 27, 2022 - (JCN Newswire) - JERA Co., Inc. (JERA) and Toyota Motor Corporation (Toyota) announce the construction and launch of the world's first (as of writing, according to Toyota's investigations) large-capacity Sweep Energy Storage System. The system was built using batteries reclaimed from electrified vehicles (HEV, PHEV, BEV, FCEV) and is connected to the consumer electrical power grid. It begins operation today.



In the future, demand for storage batteries is expected to grow as they become necessary supply-stabilizing tools when expanding renewable energy in the movement toward CO2 emissions reduction, a vital part of achieving carbon neutrality. At the same time, limited supplies of battery materials including cobalt and lithium, mean there is an ongoing need for environmentally conscious initiatives, such as reclaiming used electrified vehicle batteries for effective use as storage batteries. In response, JERA and Toyota began discussions in 2018 to establish battery reuse technologies, which eventually led to this large-capacity, grid-connected Sweep Energy Storage System.

Toyota's new storage system is equipped with a function called sweep, which allows the use of reclaimed vehicle batteries, which have significant differences in performance and capacity, to their full capacity regardless of their level of deterioration. The sweep function, developed by Toyota Central R&D Labs, Inc., is a device that can freely control energy discharge by switching electricity flow on and off (bypassing) through series-connected batteries in microseconds.

Furthermore, the sweep function also enables direct AC output from the batteries, while reusing onboard inverters eliminate the need for a power conditioner (PCS). That contributes to reducing costs and helps avoid power loss when converting from AC to DC by PCS, with the aim of improving effective energy use.

The project plans to operate grid storage batteries for recharge and discharge operations, connected to the Chubu Electric Power Grid Co., Inc. power distribution system from a facility (see below(1)) at JERA's Yokkaichi Thermal Power Station. JERA and Toyota aim to introduce approximately 100,000 kWh of supplied electricity in the mid-2020s, thereby not only reducing the overall cost of the energy storage system, but also contributing to reduction of CO2 emissions.

(1) Selected by Japan's Ministry of the Environment to conduct an "FY2022 Project for Early Social Implementation of a Decarbonized Metal Recycling System."

In addition, JERA is developing a low environmental impact process for recycling lithium-ion batteries for electrified vehicles(2), which Toyota plans to support by leveraging the expertise and knowledge it has accumulated through its battery recycling initiatives to date. By collecting used batteries and reusing resources, both companies hope to accelerate their efforts toward achieving a resource-recycling society.

(2) JERA and Sumitomo Chemical Start a Demonstration Project to Develop a Low Environmental Impact Recycling Process for Electric Vehicle Lithium-ion Batteries (JERA Press Release, April 19, 2022)

JERA will continue to work proactively not only within the energy industry but also with leading companies in Japan and overseas to develop technologies such as battery storage systems and services that contribute to optimal energy utilization toward achieving a decarbonized and resource-recycling society.

Toyota actively promotes electrified vehicle adoption and pursues effective battery use, including electrified vehicle battery reuse, for the development of social infrastructure that will support the widespread adoption of electrified vehicles, expand the use of renewable energy, and promote resource recycling toward achieving carbon neutrality.


Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.comJERA Co., Inc. (JERA) and Toyota Motor Corporation (Toyota) announce the construction and launch of the world's first (as of writing, according to Toyota's investigations) large-capacity Sweep Energy Storage System.

Cardano Eyes 1 Billion Users With Upcoming Multi-Chain wallet Lace

Cardano Eyes 1 Billion Users With Upcoming Multi-Chain wallet Lace

Cardano introduces new multi-chain wallet dubbed Lace. Founder Charles Hoskinson expects the wallet to help the ecosystem hit a billion users. Lace will boast cross-chain capabilities. According to Charles Hoskinson, founder of the smart contract platform Cardano (ADA), a new crypto wallet might help the network reach a billion users. In an interview with  the […]

The post Cardano Eyes 1 Billion Users With Upcoming Multi-Chain wallet Lace appeared first on Coin Edition.

‘Cardano Has Hit an AlternativeRank™ of 1 Out of the Top 3,954 Coins’, Says Analytics Firm LunarCrush

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Bitcoin Bearish Signal: Dormant Supply On The Move Again

On-chain data shows some dormant Bitcoin supply is again moving into exchanges, something that could be bearish for the price of the crypto. Bitcoin Exchange Inflow For Old Coins Has Observed Spikes In Recent Days As pointed out by an analyst in a CryptoQuant post, some coins in the age ranges 2y-3y and 3y-5y have recently been deposited to exchanges. The “exchange inflow” is an indicator that measures the total amount of Bitcoin being transferred into the wallets of all centralized exchanges. When the value of this metric is high, it means investors are depositing large amounts to exchanges right now. Such a trend, when prolonged, can prove to be bearish for the value of the crypto as it can be a sign of dumping from holders. A modified version of this indicator is the exchange inflow “Spent Output Age Bands” (SOAB), which tells us about the individual contribution to the total inflows from the different supply groups in the market. Related Reading: Data: Bitcoin Whales Who Accumulated At $18k Have Continued To Hold Strong These cohorts are categorized based on the amount of time their coins have been sitting still for. The relevant age bands here are “2y-3y” and “3y-5y”; the below chart shows the trend in the exchange inflows coming from these supplies: Looks like the value of the metric for these cohorts has been raised in recent days | Source: CryptoQuant As you can see in the above graph, the Bitcoin exchange inflow SOAB has spiked up for these coin groups during the last couple of days or so. This means that some investors have been depositing sizeable amounts of coins aged between 2 to 3 years and those between 3 to 5 years. Related Reading: This On-Chain Metric Suggests Bitcoin Not In Danger Of Another Sharp Drawdown Such old supply is called the “long-term holder” supply. In general, the older the coins are, the less probable they are to move at any point. So, any movement from these coins, especially those to exchanges, may have noticeable implications on the price of Bitcoin. BTC Price At the time of writing, Bitcoin’s price floats around $19.1k, up 1% in the last seven days. Over the past month, the crypto has lost 1% in value. The below chart shows the trend in the price of the coin over the last five days. The value of the crypto seems to have rebounded back from the dip a couple of days ago | Source: BTCUSD on TradingView Bitcoin has continued to show stale price movement in the past week as the crypto has been mostly sticking around the $19k level. Two days or so ago BTC did make an attempt to break the monotony by plunging below to $18.7k, but it wasn’t long before the coin was back at $19k. Featured image from Max Saeling on Unsplash.com, charts from TradingView.com, CryptoQuant.com

The 22 Projects on Tezos Changing the Game: Inside Cohort 1 of the TZ APAC EGG Web3 Incubator

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The post The 22 Projects on Tezos Changing the Game: Inside Cohort 1 of the TZ APAC EGG Web3 Incubator appeared first on BitPinas.

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