Business models for second life batteries : A comprehensive framework for selecting sustainable business options
(2025) In Journal of Engineering and Technology Management - JET-M 76.- Abstract
The growing demand for batteries, driven by the rapid growth of electric vehicles and renewable energy technologies, has led to increased focus on their lifecycle management. While batteries may reach the end of their primary life, they often have the potential for a second life, offering valuable services before their eventual recycling. This paper presents a comprehensive business model framework tailored for the second life battery business, aiming to guide stakeholders in the battery ecosystem through the complexities of this emerging field. Developed through detailed theoretical and practical industry insights, the framework is segmented into three core elements: value proposition, value creation and delivery, and value capture.... (More)
The growing demand for batteries, driven by the rapid growth of electric vehicles and renewable energy technologies, has led to increased focus on their lifecycle management. While batteries may reach the end of their primary life, they often have the potential for a second life, offering valuable services before their eventual recycling. This paper presents a comprehensive business model framework tailored for the second life battery business, aiming to guide stakeholders in the battery ecosystem through the complexities of this emerging field. Developed through detailed theoretical and practical industry insights, the framework is segmented into three core elements: value proposition, value creation and delivery, and value capture. Each core element further branches into sub-elements, offering a modular approach for stakeholders to construct unique business models. The paper also includes in-depth value analyses, sustainability implications, and stakeholder interests, providing a holistic understanding of the second life battery business. Practical implications for key stakeholders in the battery ecosystem, including battery OEMs, remanufacturers, repurposers, and dealers, are discussed. The paper contributes to the theory of circular business models in general, with specific relevance to battery circularity.
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- author
- Kulkov, Ignat ; Chirumalla, Koteshwar ; Stefan, Ioana ; Dahlquist, Erik and Johansson, Glenn LU
- organization
- publishing date
- 2025-04-01
- type
- Contribution to journal
- publication status
- published
- subject
- keywords
- Battery circularity, Circular economy, Electric vehicles, Lifecycle management, Renewable energy, Second life batteries, Stakeholder analysis, Sustainability analysis, Value analysis
- in
- Journal of Engineering and Technology Management - JET-M
- volume
- 76
- article number
- 101874
- publisher
- Elsevier
- external identifiers
-
- scopus:105005091196
- ISSN
- 0923-4748
- DOI
- 10.1016/j.jengtecman.2025.101874
- language
- English
- LU publication?
- yes
- id
- 710c9b51-1d67-439e-81be-67e233b4781b
- date added to LUP
- 2025-08-13 12:49:53
- date last changed
- 2025-10-14 11:14:18
@article{710c9b51-1d67-439e-81be-67e233b4781b,
abstract = {{<p>The growing demand for batteries, driven by the rapid growth of electric vehicles and renewable energy technologies, has led to increased focus on their lifecycle management. While batteries may reach the end of their primary life, they often have the potential for a second life, offering valuable services before their eventual recycling. This paper presents a comprehensive business model framework tailored for the second life battery business, aiming to guide stakeholders in the battery ecosystem through the complexities of this emerging field. Developed through detailed theoretical and practical industry insights, the framework is segmented into three core elements: value proposition, value creation and delivery, and value capture. Each core element further branches into sub-elements, offering a modular approach for stakeholders to construct unique business models. The paper also includes in-depth value analyses, sustainability implications, and stakeholder interests, providing a holistic understanding of the second life battery business. Practical implications for key stakeholders in the battery ecosystem, including battery OEMs, remanufacturers, repurposers, and dealers, are discussed. The paper contributes to the theory of circular business models in general, with specific relevance to battery circularity.</p>}},
author = {{Kulkov, Ignat and Chirumalla, Koteshwar and Stefan, Ioana and Dahlquist, Erik and Johansson, Glenn}},
issn = {{0923-4748}},
keywords = {{Battery circularity; Circular economy; Electric vehicles; Lifecycle management; Renewable energy; Second life batteries; Stakeholder analysis; Sustainability analysis; Value analysis}},
language = {{eng}},
month = {{04}},
publisher = {{Elsevier}},
series = {{Journal of Engineering and Technology Management - JET-M}},
title = {{Business models for second life batteries : A comprehensive framework for selecting sustainable business options}},
url = {{http://dx.doi.org/10.1016/j.jengtecman.2025.101874}},
doi = {{10.1016/j.jengtecman.2025.101874}},
volume = {{76}},
year = {{2025}},
}