BatteryLoop has announced that it has signed an agreement with Mercedes-Benz Energy for batteries to be used for the company's large BLESS product range.
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 40MWh within the next 18 months using Mercedes-Benz Energy's modules.
The first delivery will be during 2022 of a 2MWh system with the power of 3MW installed in Sweden by BatteryLoop. 2MW equals approximately 10 000 kilometers of driving with an electric car.
Gordon Gassmann, CEO of Mercedes-Benz Energy, commented on the announcement, "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 be an important role in the markets BatteryLoop have. The long-term engagement we see in BatteryLoop and its owner is a key for our decision."
Rasmus Bergström, CEO BatteryLoop, commented in a statement about how the agreement will see them, "offer our (…) 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."
Rasmus added, "With second-use batteries and a power-optimizing system we can also, based on the Swedish environmental research institute lifecycle analysis, save 1000-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."
This type of technology aims to support the electricity grid and unburden bottlenecks by providing electricity at the right moments.