Title
Managing and Trading Batteries as Assets

CoPED ID
5769e288-4f0e-4168-ad00-6ddb3fd2d7f5

Status
Closed


Value
£54,720

Start Date
Sept. 30, 2020

End Date
Dec. 31, 2020

Description

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EMB Power, in collaboration with Keele University and industry stakeholders, is leading a project to develop a large lithium battery asset management and trading platform to address the clean energy and road-to-zero carbon emissions agenda, by providing deeper understanding of the physical condition and value of lithium batteries throughout their life. The toolset will support: * Effective lifecycle decisions * Assessment of environmental sustainability factors * Optimisation of return on investment Technological battery development will improve kWh cost, number of cycles, safety, volumetric and gravimetric energy and power density, impacting favourably on effectiveness, environmental considerations and return on investment. However these all increase complexity for asset evaluation. The system will exploit AI "big-data" technology to provide real-time information to support decisions on how to maintain and deploy assets at each stage of a battery's lifecycle. The innovative, algorithm driven approach has already been validated: * Two patents are pending, proceeding to grant with no major Prior Art or Freedom to Operate challenges yet identified * Extensive customer/influencer dialogue indicates no market solutions of similar utility are available/planned * Academic research with Keele and Warwick University validates the novel nature of the approach EMB Power benefits from its founder's extensive experience and connections in automotive electronics engineering in OEM and other organisations throughout the battery lifecycle. Phase 1 is addressing a feasibility study, consequent specification of system requirements to form the basis for a Phase 2 development of prototype applications, initially to support exploitation of commercial opportunities in improving business and industry efficiency for a wide range of stakeholders including: battery manufacturers, land, marine and aviation vehicle manufacturers, insurers, vehicle dismantling, battery remanufacture, vehicle rental and used vehicle businesses and reclamation businesses. As more is learned about customer information and decision support requirements, further commercial opportunities are expected related to decarbonising energy, business and industry and for climate change adaptation and mitigation. Data generated will help reduce waste and achieve environmental goals by establishing the efficiency and carbon footprint of the battery through its life and by transforming batteries into a tradable commodity asset rather than a product component/sub assembly, giving greater visibility of potential for "second" life prior to progressing to end of life reclamation.

Emb Power Limited LEAD_ORG
Emb Power Limited PARTICIPANT_ORG

Subjects by relevance
  1. Emissions
  2. Accumulators
  3. Batteries
  4. Enterprises
  5. Environmental effects
  6. Climate changes
  7. Industry
  8. Sustainable development
  9. Decrease (active)
  10. Electric cars
  11. Innovations
  12. Keels
  13. Patent engineers
  14. Lithium
  15. Optimisation
  16. Carbon footprint

Extracted key phrases
  1. Approach EMB Power benefit
  2. Large lithium battery asset management
  3. Investment Technological battery development
  4. Trading Batteries
  5. Battery lifecycle
  6. Battery manufacturer
  7. Decision support requirement
  8. Vehicle business
  9. Keele University
  10. Industry stakeholder
  11. Aviation vehicle manufacturer
  12. Effective lifecycle decision
  13. Industry efficiency
  14. Reclamation business
  15. Assets

Related Pages

UKRI project entry

UK Project Locations