Mercedes-Benz Energy has agreed to supply BatteryLoop with batteries, DC systems and engineering, which will be used in large energy storage solutions.
BatteryLoop produces the BLESS range of energy storage products, which offers between 150 and 1000 kWh of energy storage capacity, which is ideal for large commercial buildings. However, given the increasing demand for energy storage, BatteryLoop needed to find itself a reliable supplier of parts.
“We are very happy and proud to have signed this agreement! 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”, noted Rasmus Bergström, CEO of BatteryLoop.
The contract will secure high volumes of new and second use battery modules from Mercedes-Benz Energy to BatteryLoop. This could enable BatteryLoop to roll out 40 MWh within the next 18 months using Mercedes-Benz Energy’s modules. The first delivery will be during 2022 of a 2 MW system with the power of 3 MW installed in Sweden by BatteryLoop. 2 MWh equals approximately 10 000 kilometers driving with an electric car. This type of technology will support the electricity grid and unburden bottlenecks by providing electricity in the right moments.
“With second-use batteries and a power-optimising system we can also, based on the Swedish environmental research institute lifecycle analysis, save 1000-tons of CO2 emissions per 3 MW 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,” Rasmus continued.
Gordon Gassmann, the CEO of Mercedes-Benz Energy, concluded, “With the company BatteryLoop we have got a partner that has shown deep knowledge in the ESS market, and we are convinced that our products will play an important role for the markets BatteryLoop has. The long-term engagement we see in BatteryLoop and its owner is a key for our decision. Having a partner with long-term engagement in the field of ESS.”