BatteryLoop signs contract with Mercedes-Benz Energy for batteries for energy storage solutions

BatteryLoop has signed an agreement with Mercedes-Benz Energy for batteries to be used for the company’s large BLESS product range.
BatteryLoop signs contract with Mercedes-Benz Energy for batteries for energy storage solutions
Courtesy of BatteryLoop.

The contract will secure high volumes of new and second use battery modules from Mercedes-Benz Energy which could enable BatteryLoop to roll out 40-megawatthours within the next 18 months using Mercedes-Benz Energy’s modules. The first delivery will be during 2022 of a 2-megawatthours system with the power of 3-megawatt installed in Sweden. 2-megawatthours equals approximately 10 000 kilometres driving with an electric car. This type of technology will support the electricity grid and unburden bottlenecks by providing electricity in the right moments.  

“We are very happy and proud to have signed this agreement” said Rasmus Bergström, CEO BatteryLoop. “This means that we can offer our state-of-the-art energy storage solutions BLESS built on Mercedes-Benz Energy’s high-quality products. The market for large energy storage systems is increasing with the change to renewable energy production. Meeting this business opportunity, together with Mercedes-Benz Energy, is very encouraging. With second-use batteries and a power-optimising system we can also, based on the Swedish environmental research institute lifecycle analysis, save 1 000-ton CO2 emissions per 3-megawatt energy storage system from the production and at the same time generate the same benefits for the grid. Additionally, we see that these systems can generate a 7-10 million SEK net income per year for the customer.”

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