Remanufactured Lithium Batteries Industry Research: projected to reach US$ 6,023 million by 2031

The remanufactured lithium batteries market is entering a decisive growth stage. According to the Remanufactured Lithium Batteries - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031 from QYResearch, the industry was valued at US$ 2,591 million in 2024 and is projected to reach US$ 6,023 million by 2031, expanding at a CAGR of 14.4%. Global production in 2024 stood at 51,297 MWh, with an average price of US$ 111/kWh. These figures underscore rapid scaling, with 2025 marking a pivotal year for both corporate initiatives and regulatory frameworks.

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2025 Highlights and Corporate Achievements

· Stellantis has launched Europe's largest airport-based second-life energy storage system at Rome Fiumicino. The PIONEER project integrates around 762 repurposed EV packs, delivering close to 10 MWh of capacity, inaugurated in June 2025.

· Moment Energy has expanded production through its Vancouver hub, now delivering its Luna BESS in project sizes ranging from 400 kWh to 10,000 kWh. In January 2025, the company secured US$ 15 million in Series A funding to establish a U.S. "second-life gigafactory," following a major award from the U.S. Department of Energy in late 2024.

· B2U Storage Solutions is developing four new projects in Texas totaling nearly 100 MWh, building on its California portfolio where 1,300 second-life EV batteries already power a 28 MWh solar-plus-storage system.

· Connected Energy has deployed 300 kW / 360 kWh E-STOR systems at Volvo Truck sites in the UK to address grid limitations for electric truck charging. Additional installations in Suffolk demonstrate confidence in second-life integration for municipal energy hubs.

· Redwood Materials has advanced beyond recycling into second-life deployment, delivering a 63 MWh microgrid system in 2025 and strengthening its closed-loop model that couples reuse with materials recovery.

Latest Market Data

· Market size 2024: US$ 2,591 million

· Forecast 2031: US$ 6,023 million

· CAGR 2025-2031: 14.4%

· Production 2024: 51,297 MWh

· Average price 2024: US$ 111/kWh

Classification

· Lithium Iron Phosphate Battery

· Others

Applications

· New Energy Vehicles

· Renewable Energy

· Consumer Electronics

· Industrial

· Others

Leading Companies

Dynamic Manufacturing
Greentec Auto
Moment Energy
Stellantis
ReStore Battery
Eagle Battery
POEN
Interstate Batteries
Battery Guyz
Redline Battery Supply
Earl's Battery
2nd Life Battery
Infinitev
Aloy Hybrid Battery
Batteries Unlimited
Pacific Batteries
ACE Hybrid Tech

Product Snapshots

Moment Energy - Luna BESS
A modular second-life energy storage system, offering a minimum of 400 kWh per project and scalable to 10,000 kWh. The system operates at 480 Vac three-phase with a two-hour discharge duration. Production at full capacity began in Vancouver in 2025.

Stellantis - SUSTAINera Second-Life Packs
Repurposed EV packs, each averaging around 50 kWh. In 2025, 78 packs were aggregated into Europe's largest airport-based second-life energy storage project at Rome Fiumicino, contributing to a 10 MWh capacity.

Greentec Auto - Toyota Prius Remanufactured Battery (2010-2015)
Priced between US$ 999 and US$ 1,399, depending on warranty options. Offered with 12 to 24 months coverage. Packs are rebuilt with matched modules and undergo complete quality control testing.

ACE Hybrid Tech - Toyota Prius Remanufactured Battery
Warranty tiers offered: one year/12,500 miles at around US$ 1,200, two years/30,000 miles at around US$ 1,600, and three years/45,000 miles at around US$ 1,950. All packs undergo charge-discharge cycle testing and balancing before sale.

Infinitev - Remanufactured Hybrid and EV Batteries
Provides three-year warranties for hybrid vehicle batteries. Packs are either remanufactured for first-life continuation or repurposed into stationary storage systems once no longer suitable for vehicle use.

Downstream Customers

Aeroporti di Roma (ADR)
Enel X
University of Suffolk
West Suffolk Council (Mildenhall Hub)
Volvo Truck & Bus UK
Johan Cruijff ArenA
Nissan
B2U Storage Solutions
ACCIONA Energía
Q-Energy
BatteryLoop
Stena Property

Market Trend

Scaling from Pilots to Airport Infrastructure

The commissioning of the 10 MWh PIONEER project at Rome Fiumicino demonstrates the maturity of second-life technology. With 762 repurposed packs deployed, 2025 marks the first year in which airport-scale systems using remanufactured batteries have reached commercial reality.

Emergence of 100 MWh Portfolios

Developers such as B2U Storage Solutions are delivering projects on the order of 100 MWh, showing a transition from single-site experiments to regional portfolios. This represents the first wave of truly utility-scale programs built primarily with second-life packs.

Data Centers Driving Demand

The surge of data-center energy consumption in 2025, fueled by AI workloads, has created new demand for flexible storage. Redwood Materials' 63 MWh microgrid deployment illustrates how second-life systems can offset peak demand while offering end-of-life recycling options.

Certification and Bankability Gains

The adoption of UL 1974 and UL 1973 standards is providing customers and financiers with greater confidence. Moment Energy's certification milestones have made it possible for second-life systems to be insured and permitted with reduced barriers, a crucial development for scaling.

Policy Tailwinds in Europe and China

In Europe, the new battery regulation mandates lifecycle traceability and carbon-footprint disclosures. From 2025 onward, second-life packs benefit from increased transparency, with battery passports set to be required by 2027. In China, new standards have raised recovery requirements, supporting higher-quality second-life outputs.

Chemistry Shift to LFP

Lithium Iron Phosphate batteries are gaining dominance in second-life applications. Their strong safety profile and cycle life make them especially competitive. Analysts project that global second-life deployments will grow from 25-30 GWh in 2025 to over 330 GWh by 2030, with LFP expected to represent the majority.

Changing Economics in EV Aftermarkets

With OEM pricing on hybrid and EV packs fluctuating in 2025, the cost competitiveness of remanufactured packs has improved. In markets such as the United States, remanufactured options remain 30-50% cheaper than new packs, reinforcing their role in the aftermarket and fleet sectors.

Circular Economy Integration

Recycling and reuse are converging. Companies are building closed-loop supply chains where packs are first remanufactured, then reused in stationary storage, and finally recycled for material recovery. This multi-step approach reduces lifecycle emissions and improves the return on investment for all participants.

Conclusion

With large-scale projects in operation, standards in place, and growing policy support, the remanufactured lithium battery industry is set for strong momentum through 2031. The US$ 6,023 million forecast represents not only growth in scale but also a shift in perception-from an experimental niche to a recognized pillar of the clean energy ecosystem.

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