Mercedes Benz's Home Battery Coming To The U.S.

Mercedes Benz's Home Battery Coming To The U.S.

Mercedes Benz's Home Battery Coming To The U.S.

Daimler will sell the batteries through its Mercedes-Benz Energy subsidiary established past year, bringing its aspirational auto brand to the home energy market in much the same way Tesla has with its Powerwall batteries.

Mercedes-Benz Energy, a unit of German carmaker Daimler AG (ETR:DAI) set up in 2016, and USA residential solar company Vivint Solar (NYSE:VSLR) are teaming up to launch a joint solar-plus-storage offering to the U.S. residential market. The companies announced the partnership on Thursday.

The move brings Mercedes-Benz Energy, based in Sunnyvale and a subsidiary of German automaker Daimler, into the US home energy market with LG Chem, Sunverge and Tesla, among several other established companies and startups.

The device, manufactured at the Mercedes subsidiary Deutsche ACCUmotive, can store 2.5 kilowatt-hours of energy but could be combined to store up to 20 kWh.

The batteries will be sold through Vivint Solar initially, giving solar customers the chance to better harness and control the energy they're capturing on their roof.

"The launch of our home battery system in Europe has been successful, and we are thrilled to be working with Vivint Solar to bring a reliable and compelling solar plus storage offering to American homes", he said. As such, many have begun installing solar panels on their properties while also seeking other clean energy and storage solutions.

Mercedes introduced its standing battery in Germany in April 2016, but it has since expanded to the United Kingdom and South Africa. It has teamed up with Utah-based Vivint Solar for this objective. The full cost, with installation, would range from under $5,000 to $13,000 for a 20 kWh system.

"The choice to work with Mercedes-Benz Energy, a world-class innovator in energy storage, was an easy one", said David Bywater, CEO of Vivint Solar. The more important benefit is reduced energy consumption and costs.

Vivint said the new systems will be made available to California customers first, but Utah customers can sign up now, via the company's website, to hold a place in line for when they become available in the Beehive State. The storage may be eligible for state and federal tax incentives.

For reference, a US residential home used 901 kWh of electricity a month on average in 2015, according to the US Energy Information Administration. Offering integrated residential solar solutions for the entire customer lifecycle, Vivint Solar designs, installs, monitors and services the solar energy systems for its customers.

What Mercedes is doing is marrying its home battery technology with Vivint's home solar panel business.

Tesla has not been shy about highlighting the necessary link between electric vehicles and residential energy production and storage.

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