100K EVs Retire in US; Batteries Enter Second Life

01 Jul 2025 CW Team

As over 100,000 electric vehicles retire in the US this year, their lithium-ion batteries are finding second lives in energy storage systems (ESS) rather than landfills.

Many retain over 50% capacity, making them ideal for grid reliability and renewable integration. Redwood Materials, led by former Tesla CTO JB Straubel, repurposes 20 GWh of battery capacity annually.

ESS built from these batteries stabilise power grids and support solar and wind infrastructure, especially in remote regions. While recycling is still dominant, the second-life battery market is projected to reach $5.2 billion by 2035, offering a sustainable alternative to disposal.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

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Kapsch to Deliver India’s First C-ITS Project

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Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..