Now in early access

Clearing the battery asset class.

EcoVerse is the institutional infrastructure that does it. The Insured Energy Throughput contract turns a battery storage system — sourced from new OEM inventory diverted to storage, retired EV packs, or purpose-built grid cells — into a pay-per-kWh service backed by a capacity-floor warranty bound by a rated insurer and financeable by infrastructure credit. Identity, rating, contract, and clearing — the rails that let a trillion dollars of storage capital flow at scale.

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EcoVerse buyer marketplace showing duty cycle selection, EcoVerse Scores, BMI Tickers, and battery listings with throughput pricing
The setup
A trillion-dollar asset class without rails.
Storage is the dominant lever in the energy transition, and capital wants in. But moving a battery from manufacturer to deployment to refurbishment to second life still requires nine ad-hoc transactions, each priced by negotiation, each documented bespoke, each underwritten standalone. Every other trillion-dollar asset class — equities, debt, commodities, real estate — runs on shared rails: an identifier, a rating, a contract, a clearing layer, a settlement standard. Batteries don't. Yet.
EcoVerse is building those rails.
The instrument
One contract. Two markets unlocked.
The Insured Energy Throughput contract wraps a battery storage system — sourced from new OEM inventory diverted to storage, retired EV packs, or purpose-built grid cells — into a pay-per-kWh service backed by a capacity-floor warranty bound by a rated insurer. Three things happen at once.
For the deployer

Throughput is the unit.

Revenue is pay-per-kWh-delivered, not pay-once-for-hardware. Capacity degradation is hedged. The chemistry-and-cycle uncertainty that has blocked $/kWh sales becomes the underwriter's problem, not the seller's.

For the asset host

A contractual capacity floor.

If delivered throughput falls below the warranted level, the warranty pays a derate credit and a credit facility steps in to fund replacement. The host keeps a service contract, not a chemistry-and-cycle research project.

For capital

A familiar instrument.

A financeable, securitizable, ratable energy services contract — the same instrument the project finance market already knows how to underwrite, adapted for batteries. Infrastructure credit can hold it. Insurance can write the wrapper. Securitization markets can clear pools of it.

Two supply pools EcoVerse unlocks: new OEM inventory looking for a storage home that today's BESS market won't pay cost for, and retired EV packs lacking a bankable second life. Both can flow into stationary storage through the same IET wrapper.

The stack
Four user-visible layers.
Identity, rating, wrapper, clearing. Each one stands alone; together they let battery capital flow at institutional scale.
01 — Identity

BMI Ticker

Every battery asset on the system gets a universal identifier. Chemistry, capacity, condition grade, geography, vintage — encoded in one string. The thread that connects the entire chain of custody.

02 — Rating

EcoVerse Score

A standardized health and provenance rating, chemistry-aware, derived from observed performance and degradation modeling. Like a credit rating, for batteries. Drives the routing decision and the underwriting decision.

03 — Wrapper

IET Contract

The Insured Energy Throughput contract that turns a stationary storage deployment into a bankable, insurable energy services obligation.

04 — Clearing

Exchange

Where transactions happen. Matched buyers and sellers, anonymous but accountable. BMI, Score, and IET status are visible to both sides.

Four layers in the open. The underwriting logic and pricing methodology stay inside.

Exchange Delivery Points
Where battery assets get a standardized identity.
An Exchange Delivery Point is a physical facility — an OEM logistics depot, an integrator's commissioning yard, a recycling center, a fleet hub — where a battery asset (new inventory or end-of-life) is logged, scored, and made available to the clearing layer. EDPs are tiered by the friction cost they eliminate; the more capability co-located on one site, the less friction tax on every transaction.
An Exchange Delivery Point — battery packs staged for identification, scoring, and routing to the clearing layer
An Exchange Delivery Point: assets arrive, get scored, and enter the clearing layer.
01 — Arrive

Assets arrive at the EDP

First-life inventory or end-of-life packs flow to facilities that co-locate logistics, storage, testing, and refurbishment. The tighter the proximity, the less friction tax on every transaction.

02 — Identify

BMI Ticker assigned

Each asset gets a unique identifier encoding chemistry, capacity, condition grade, geography, and vintage — a universal language for battery assets.

03 — Score

EcoVerse Score generated

Rated assessors — on-site at higher-tier EDPs — run standardized diagnostics. The Score drives the routing decision: list, further assessment, or recycle.

04 — Route

Automated disposition

High-Score assets list to the clearing layer. Borderline assets get full assessment. Low-Score packs route to the recycler market. Data replaces guesswork.

EDP Classification

Not all EDPs are equal. Each is scored by the friction tax it eliminates — the cost of moving an asset from one stage of its lifecycle to the next. Co-location of logistics, storage, testing, and refurbishment at a single site compresses that cost dramatically.

Tier 1 — Intake

Collection and storage. Assets enter the system, get a BMI Ticker, and ship to a higher-tier EDP for assessment.

Tier 2 — Assess + Route

On-site testing and scoring. Assets are diagnosed, graded, and routed — no transport needed for assessment.

Tier 3 — Full Circularity

Testing, refurbishment, recycling, and redeployment under one roof. Lowest friction tax. Assets never leave the site.

Tier 3 EDP — full circularity under one roof

Every step co-located. Assets never leave the site. Lowest friction tax.

1

Intake

Assets arrive, get logged, and receive a BMI Ticker

2

Testing

Standardized diagnostics and EcoVerse Score generated

3

Route

Score drives the decision: list, refurbish, or recycle

4

Refurbish

High-Score assets reconditioned and listed to the clearing layer

5

Recycle

Low-Score packs go to mineral recovery at scrap value

For OEMs

Clean disposition for inventory and end-of-life

Whether the asset is unused first-life inventory from a discontinued program or a pack returning from an EV retirement, it enters the system with a standardized profile. Residual value capture, EU Battery Passport data, and a clean handoff.

For Recyclers

Your facility becomes a Tier 3 EDP

You already have logistics, storage, and recycling. Add on-site testing and refurbishment to become a full-circularity hub — and capture value at every stage.

For asset owners

Source from higher-tier EDPs

Assets from Tier 2 and Tier 3 EDPs come pre-assessed with standardized data your lenders can underwrite. Lower friction tax means lower landed cost.

See it in action
From salvage yard to funded project.
First-life or second-life. Same flow. Watch how a single battery moves through the EcoVerse clearing layer in real time.
Clearing the battery asset class.
Seller
Metro Salvage Yard
YardManager Pro
BT-4819NMC · 62 kWhListed
BT-4820LFP · 78 kWhTested
BT-4821NMC · 75 kWhNew
Asking PriceSet per pack
Choose AssessorLab ALab BLab C
→ Post to EcoVerse
Market Depth
47 qualified buyers
Tester
Awaiting Selection
Battery Diagnostics
● New test request: BT-4821
Testing BT-4821 · NMC · 75 kWh
State of Health82.4%
Capacity Remaining61.8 kWh
Internal Resistance48 mΩ
Cycle Count1,247
Running diagnostics...
Forecast: C&I Storage8–12 yrs
Forecast: Grid Peaking5–7 yrs
↑ Uploading to EcoVerse...
Buyer
GridPeak Energy
BESS Designer Pro
Project: Commercial PV + Storage
Target
50 MWh
Application
C&I + PV
Wrapper
IET
Min Score
≥ B
⊙ Search EcoVerse
350 batteries match
Wrapped in IET · target landed cost met
BT-4821NMC · Score A · 8-12yrIET
BT-4756LFP · Score A · 10-14yrIET
BT-4803NMC · Score B · 7-10yrIET
Spread compression
Tightening (as data accumulates)
EcoVerse
Clearing Layer
$/pack→¢/kWh (IET)
Final Step
Fund the project.
The asset host accepts quotes from insurers and infrastructure credit
IET Wrapper
Capacity-floor warranty
Bound by a rated insurer
Bound ✓
Infrastructure credit
Project finance on a familiar shape
Underwritten against contracted throughput
Term sheet
Project Summary
50 MWh · pay-per-kWh
C&I + PV deployment
Funded ✓
EcoVerse
Clearing the battery asset class.
First-life or second-life. Same flow.
One clearing layer.
ecoverse.site
2027
EU Battery Passport mandate
70%+
Capacity still usable at retirement
4
User-visible layers: identity, rating, wrapper, clearing
1
Contract serving first-life and second-life
Who it's for
Your question. Your value. One set of rails.
Each participant in the battery asset class faces a different question. Select your role to see how the rails work for you.

Insurers & Underwriters

Can a capacity-floor warranty on batteries actually be underwritten?

The challenge
!No standardized health rating means no actuarial baseline.
!Battery chemistry and duty cycle vary by deployment.
!Loss models from solar don't transfer cleanly.
Your value
+The EcoVerse Score gives a chemistry-aware standardized rating.
+The IET embeds the warranty structure.
+Loss data accumulates across the platform, not in one carrier's silo. Reinsurance fits cleanly behind it.
01

Underwrite against the Score

A standardized, chemistry-aware rating gives the actuarial baseline that has been missing.

→
02

Bind the IET wrapper

The capacity-floor warranty travels with the asset. Terms are standardized; pricing is yours.

→
03

Build the book

Loss experience accumulates across the platform. Reinsurance and retrocession structures slot in behind.

Talk to us about underwriting the IET

Infrastructure Credit

How do we lend against a battery asset?

The challenge
!Battery deployments today price as one-time hardware sales.
!There's no standardized cash flow to underwrite.
!Resale value is illiquid.
Your value
+The IET converts hardware into a contracted, warranted, pay-per-kWh cash flow — a familiar shape for project finance.
+Standardized rating and clearing data make pools securitizable.
+The asset is identifiable and ratable through its full lifecycle.
01

Review a familiar shape

A contracted, warranted, pay-per-kWh cash flow — the structure your team already underwrites for other energy assets.

→
02

Hold or pool

Hold IETs on balance sheet, or aggregate into pools backed by standardized ratings and clearing data.

→
03

Scale with the rails

As volume grows, the data and ratings tighten — pricing and term length follow.

Discuss term sheets

Asset Owners & Energy Storage Developers

How do I source batteries my lender will accept?

The challenge
!Buying batteries at $/kWh exposes you to chemistry, cycle, and degradation risk no lender wants on its book.
!Project finance underwriters require warranted performance.
!Sourcing fragmented inventory at scale is slow and bespoke.
Your value
+Buy batteries wrapped in an IET. Pay per kWh delivered.
+Warranted capacity floor; your lender's checklist is already met.
+Source from a clearing layer with standardized identity and rating.
01

Specify the project

Target capacity, application type, wrapper, minimum Score. Search the clearing layer in your native language.

→
02

Procure wrapped in IET

The asset arrives with capacity floor bound by a rated insurer. Pay-per-kWh service, not hardware.

→
03

Close financing

Your project finance underwriters see the cash-flow shape they already know. The lender's checklist is met by construction.

Source bankable batteries

OEMs with Battery Inventory

How do I move first-life inventory at cost — and handle end-of-life cleanly?

The challenge
!Unused first-life NMC inventory from discontinued programs can't sell at cost-based prices in today's BESS market.
!End-of-life liability sits on the balance sheet with no standardized exit.
!EU Battery Passport mandate requires traceability you don't yet have.
Your value
+Wrap first-life inventory in an IET — sell storage-as-a-service instead of $/kWh hardware.
+Route end-of-life packs through the same rails: identity, rating, clean handoff.
+Battery Passport data generated as a byproduct of clearing.
01

Inventory enters the system

First-life or end-of-life. Your logistics depot or return center operates as an EDP.

→
02

Identity, rating, wrapper

Each asset gets a BMI Ticker and Score. First-life inventory is wrapped in an IET for a deployment exit; end-of-life flows to its best use.

→
03

Clean handoff

Liability transfer is documented. Residual value is captured. The passport data is produced.

Talk to us about OEM integration

Exchange Delivery Point Hosts

How do I make my facility a node in the clearing network?

The challenge
!Your facility handles logistics, storage, or testing — but operates outside any standardized clearing system.
!Each customer relationship is bespoke and slow to scale.
!Co-located capability is undervalued because the friction it eliminates isn't priced.
Your value
+Tiered classification rewards co-location — the more capability on one site, the lower the friction tax.
+Assets flow to you through the clearing layer, not one-off deals.
+Your throughput data becomes part of the standardized record.
01

Map your capability

Tier 1 intake, Tier 2 assess-and-route, or Tier 3 full circularity. Capability determines tier.

→
02

Connect to the clearing layer

Standardized intake, scoring, and routing API. Assets flow through your site with their identity intact.

→
03

Compound throughput

Higher tier means more value per asset and more flow. Your data improves the system; the system rewards your data.

Become an EDP

Testing Laboratories

How do I plug into the standard and build volume?

The challenge
!Testing demand is fragmented and relationship-driven.
!Results live in PDFs and proprietary formats with no interoperability.
!Every deal is a vendor bake-off.
Your value
+Automatic dispatch when sellers choose you — demand flows through the EDP network.
+Your data feeds a universal standard; rated diagnostic labs all interoperate.
+Every test builds your verifiable track record on the clearing layer.
01

Connect your diagnostics

Open intake API. Your existing tools and workflows stay the same.

→
02

Get dispatched automatically

When a seller selects you, the test request arrives instantly. No scheduling calls.

→
03

Upload and get paid

Results feed the clearing layer. The asset becomes market-ready. You build volume and reputation.

Become a rated diagnostic partner

Recyclers & Repurposers

Which packs do I divert, and which do I shred?

The challenge
!Viable packs get shredded because there's no fast way to screen them.
!Black mass margins are razor-thin — value is destroyed upstream.
!Finding buyers for reusable packs is manual and slow.
Your value
+Your facility operates as an EDP — screen before you shred. Chemistry determines the optimal path; LFP favors reuse, NCA favors recovery.
+List high-Score packs to the clearing layer at multiples of scrap value.
+Earn on two streams, not one.
01

Screen incoming packs

As assets arrive, quick diagnostics flag modules with remaining useful life.

→
02

Divert high-value packs

List reusable packs to the clearing layer. Capture reuse value at multiples of scrap.

→
03

Recover the rest

Low-Score packs still go to your shred line. Two streams of revenue, not one.

Become a Tier 3 EDP

Fleet Operators

What happens to my packs when I rotate vehicles?

The challenge
!Growing fleet of retiring EVs with no clear disposition path.
!No visibility into what retired packs are actually worth.
!Manual one-off deals leave residual value on the table.
Your value
+Your fleet depot operates as an EDP — packs get scored as vehicles retire.
+Routing captures maximum value per asset.
+Full chain of custody protects your brand through the entire second life.
01

Vehicles retire to the depot EDP

Your existing depot operates as an Exchange Delivery Point. Decommission triggers assessment.

→
02

Scored and routed

The Score determines the optimal path per pack — list, refurbish, or recycle.

→
03

Revenue and audit trail

Residual value flows back. Documented chain of custody for brand protection and compliance.

Connect your fleet operations
Ecosystem & standards
The coordination layer for a network that already exists.
EcoVerse is the connective tissue between the operators, recyclers, integrators, regulators, and research institutions whose work already underwrites the battery economy.
Diagnostic network

Certified diagnostic partners

Rated diagnostic labs plug into the clearing layer through an open intake. Any assessor that meets the standard can route work — no single-vendor lock-in.

BMS & integration

Integration partners across the BMS ecosystem

Pack-level control systems that enable lower balance-of-system costs across first-life and second-life deployments.

Recycling EDPs

Leading lithium recyclers

Recycling facilities operate as Exchange Delivery Points — screening, diverting, and clearing assets before they hit the shred line.

Standards & regulation

UL 1974 · EU Battery Passport

Standardized safety protocols are embedded in every Score; the 2027 EU passport mandate is satisfied as a byproduct of clearing.

Research foundation

NREL · Argonne · CMU

National-lab degradation modeling, recycling technoeconomics, and academic research underpin the Score and routing logic.

Chain of custody
Full traceability. Every asset. Every step.
From manufacture through deployment, retirement, assessment, clearing, and second-life — every transaction creates an auditable record tied to the BMI Ticker.

Lifecycle traceability

Complete provenance from manufacture through retirement, assessment, clearing, and second-life deployment. No gaps in the chain.

EU Battery Passport ready

The 2027 mandate requires full lifecycle data. The clearing process generates the exact data trail regulators need — automatically.

Clean liability transfer

Every transaction creates a documented handoff. OEMs get clean separation. Buyers get verified provenance. Responsibility is always clear.

UL 1974 safety compliance

Safety data is embedded in the Score and travels with the BMI Ticker. Every asset that clears has been evaluated per standardized protocols.

Auditable for insurers and credit

Insurers and infrastructure credit need actuarial-grade data. The clearing layer produces it: who tested it, who graded it, who deployed it.

Anonymous but accountable

Trade anonymously while maintaining full accountability. The exchange protects participant identity; the chain of custody preserves the audit trail.

Vision paper
Read the full thesis.

The complete EcoVerse Vision Paper covers the architectural details: the full infrastructure stack, the IET term sheet structure, the pricing methodology, the precedents from analogous markets, and the founding-partner roadmap. We share it with serious institutional readers.

Request the Vision Paper
Team
Built by people who've done this before.
Commodity exchange infrastructure meets product execution from the EV ecosystem.

Stephen G. Davis

Co-Founder & CEO

Built the first global telecom trading exchange. Former DOE advisor and Accenture eMobility lead. Deep expertise in commodity market infrastructure and energy policy.

Yiming Ma

Co-Founder & Director

Currently TikTok product manager for scaled platforms and user growth. Former Tesla Product Lead for Powerwall and Supercharger. Brings world-class product execution from the heart of the EV ecosystem.

Kristofer Fröjd

Board Advisor, Europe

Senior energy executive focused on the European energy transition. Leadership and board roles at Ellevio and Nordic energy organizations. Deep expertise in regulated infrastructure, BESS, grid modernization, and digital energy platforms.

Founding Partners

Want to help build
the rails?

We're convening founding partners across the value chain — OEMs disposing first-life inventory, asset owners wrapping deployments in IET, insurers underwriting capacity warranties, infrastructure credit financing the result. Tell us who you are.

Request received.

We'll review and reach out within a few days. In the meantime, you can also sign in or request access directly.

Or reach us directly at partners@ecoverse.site