BatteryLoop signs contract with Mercedes-Benz Energy

BatteryLoop has signed a supply frame contract agreement with Mercedes-Benz Energy for batteries for energy storage solutions.

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.

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.

Rasmus Bergström, CEO BatteryLoop, said: “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.

“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.”

Gordon Gassmann, CEO Mercedes-Benz Energy, said: “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.”

Image: courtesy BattryLoop / Nicke Johansson)

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