TOKYO/NAGOYA -- Toyota Motor has agreed to partner with Jera, a joint fuel-procurement venture between Tokyo Electric Power and Chubu Electric Power, in a bid to transform old batteries used for electric vehicles and hybrid vehicles into power storage system for renewable energy, Nikkei has learned.
The new storage system will consist of a lithium-ion battery and a nickel-metal hydride battery. The two companies' objective is to establish a new technology that will enable storage batteries to operate more efficiently by combining different kinds of batteries.
