Duke Energy and ITOCHU Corp new partnership.

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   Duke Energy and ITOCHU Corp. announced a partnership today through which they will evaluate and test new uses for old electric vehicle (EV) batteries. Once they are too spent for life on-the-road, EV batteries could store power and deliver a charge elsewhere, the companies reason. EV batteries falling below 80 percent of their original capacity when fully charged will be candidates for replacement and reuse. Duke and Itochu promised to begin their project by testing Ener1 lithium-ion batteries extracted from a fleet of 80 EVs in a Duke Energy facility in Indianapolis. The automaker GM embarked on a similar initiative with The ABB Group in September, specifically looking for ways to use spent Chevy Volt batteries in the smart grid. One vision of reuse for EV batteries proposed by GM would see them storing power from renewable sources in EV charging stations, which are used to charge plug-in vehicles.

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