Signal Hill company ReJoule is revolutionizing renewable energy technology
Summary
I saw the opportunity for a huge positive impact and it was in an area that I was definitely not familiar with.For the first three years, Steven worked on his designs to test the remaining life in used EV batteries. Zora worked to find them possible buyers and make their name in the marketplace of renewable energy.After working out of their parents surplus warehouse space, ReJoule received its first round of grant funding and was able to purchase its headquarters in Signal Hill.The two were unaware of Signal Hills historical, deep-rooted ties to petroleum and oil drilling, though they vaguely noticed the tens of oil pump jacks surrounding their business. Zora said the global trend of energy is moving towards renewable and reusable methods, accounting for the increased funding from the federal government.Electric car sales have grown from 0.2% in 2011 to 4.6% in 2021. It currently costs around $38,000 for a single-family home to be installed with solar energy, which may explain why 90% of residential solar storage is with privately owned homes.This creates a barrier of access for owners of apartments and affordable housing developments, which is why ReJoule is creating its first large-scale storage units for affordable housing and workforce training developments.Our hope is that in the future, the repurposed batteries will be a much cheaper alternative, Hecht said. Were focusing on building critical infrastructure for disadvantaged communities so theres a large benefit.Two of ReJoules solar energy storage systems will be deployed in affordable housing developments; one in Santa Fe, New Mexico and the other in Petaluma, California.