Synetiq, Allye to turn salvaged EV batteries into energy storage
Allye will test and buy EV packs from Synetiq, a unit of IAA and part of Canada's RB Global group, to use in its 300 kilowatt hour (kWh) battery storage system - each one uses four salvaged EV battery packs - which is enough to power a factory or 50 homes for a day. Allye will lease those packs to customers.
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