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Posted on April 7, 2022 by  & 
External Company Press Release

BatteryLoop Signs Contract with Mercedes-Benz Energy

BatteryLoop Signs Contract with Mercedes-Benz Energy
The agreement between BatteryLoop and Mercedes-Benz Energy is a frame agreement with call off options of batteries, DC systems and engineering. BatteryLoop will use the Mercedes-Benz Energy batteries for their large BLESS™ product range.
 
"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,",says Rasmus Bergström, CEO 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-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 by BatteryLoop. 2-megawatthours 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. For further information see the IDTechEx report on Batteries for Stationary Energy Storage 2021-2031.
 
 
"With second-use batteries and a power-optimizing 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." Rasmus continues.
 
"With the company BatteryLoop we have got a partner that have showed deep knowledge in the ESS market, and we are convinced that our products will be an important role for the markets BatteryLoop have. The long-term engagement we see in BatteryLoop and its owner is a key for our decision. Having a partner with the long-term engagement in the field of ESS," says Gordon Gassmann, CEO Mercedes-Benz Energy.
 
About Mercedes-Benz Energy
Mercedes-Benz Energy offers innovative solutions in the battery storage market based on EV batteries internationally. As a pioneer in battery storage technology Mercedes-Benz Energy has accumulated extensive expertise to use EV batteries for stationary application. With the help of a highly sophisticated data management system, the conditions of all Mercedes-Benz EV batteries can be analyzed, ascertained and future life can be forecasted. As a fully owned subsidiary of Daimler AG, the solutions from Mercedes-Benz Energy meet the highest demands in terms of quality, functionality, reliability, and security.
 
 
About BatteryLoop
BatteryLoop make companies more sustainable by offering know-how, services, and products to create power-optimizing energy solutions that meet the growing need for power in real time. Old electric vehicle batteries are given a second life in the BLESS™ (BatteryLoop Energy Storage System), the systems support the electric grid and enables an increase of renewable energy. BatteryLoop is a Gothenburg based start-up company in the Stena Metal Group, providing pioneer power optimization for a sustainable electrified world.
 
Source and top image: Cision
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