Mercedes-Benz Energy pairs with solar company to sell batteries, rooftop panels

Mercedes vision of an integrated home that includes its at-home battery and electric

Mercedes vision of an integrated home that includes its at-home battery and electric

The collaboration pairs the German brand's energy storage division with one of the U.S.' largest home solar companies, and Mercedes-Benz says it sees a new market segment to serve, plus a good way to promote its electrified vehicle offerings.

California is the first U.S. market where Vivint Solar will offer this solution directly to homeowners.

Tesla is looking to improve solar adoption by offering more aesthetically appealing solar shingles, which the company began selling this month. Those batteries can also supply backup power in the event of a grid outage.

The market for energy storage is small, but growing rapidly as the costs of lithium-ion batteries fall.

Homeowners with the Mercedes-Benz energy storage system can utilize the energy to power their homes during peak electricity consumption hours-usually in the evening.

Mercedes-Benz is partnering with USA -based Vivint Solar to compete with Tesla and similar companies in residential solar energy and storage. Instead of a one-size-fits-all approach to energy storage, Mercedes-Benz is betting that a modular approach will save customers money and eventually pull more of them in.

Daimler will sell the batteries through its Mercedes-Benz Energy subsidiary established a year ago, bringing its aspirational vehicle brand to the home energy market in much the same way Tesla has with its Powerwall batteries. "We look forward to bringing this innovative solution to consumers, beginning in our California markets, and to empowering greater renewable energy usage".

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California will be the first USA market where Vivint Solar will offer this solution directly to homeowners. But before Tesla's acquisition of SolarCity in November, battery and solar installations were separate processes.

Daimler unveiled its Mercedes-branded home battery pack a year ago, but this new deal with Vivint will enable them to distribute it more widely in the US.

For more information about this collaboration between Vivint Solar and Mercedes-Benz Energy, visit vivintsolar.com/battery. Deployments of these set-ups totaled 336 megawatt-hours in 2016, double the amount deployed in 2015, GTM Research and the Energy Storage Association reported in March.

Vivint Solar had operations in 14 states at the end of past year.

Mercedes said it plans to release 10 new electric vehicles by 2022. And in two leading markets - California and Hawaii - new rates, incentives and rules are pushing customers to obtain batteries along with the solar panels.

It will sell customers the systems outright or finance the purchase.

Though the power rating of the Mercedez battery system can depend on the power electronics specific to particular installations, but in general it is 0.5 C up to 4 battery units.

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