Second-life EV batteries are considered the newest value pool in energy storage in the context of continued global growth of electric vehicles (EV). New opportunities for the power sector are emerging for stationary storage powered by used EV batteries, which could exceed 200 gigawatt-hours by 2030. During the next decades, the anticipated strong uptake of electric vehicles will lead to the availability of multi-terawatt hours of batteries that no longer meet required specifications for usage in an EV. Second-life batteries will provide multiple value streams to customers and grid operators in future. Although second life batteries have the benefit of delaying recycling, however not indefinitely, i.e. at a certain point batteries have reached there end-of-life and will be recycled, hence, another business opportunity. This session will shed light on both the second-life and recycled life of batteries used in electric vehicles.