Commercial, Demand Management, Distributed Energy Resources, Energy Storage, Industrial  -  November 8, 2016

Mercedes-Benz enters energy storage market

^{Photo, provided by Daimler, shows the company's first industrial-scale lithium-ion unit.} 

Mercedes-Benz, through a newly established company Mercedes-Benz Energy North America LLC, has entered the energy storage market with its own brand of stationary energy systems. 

The unit, Mercedes-Benz parent company Daimler AG said in a news release, will assume the development and sale of the systems for residential, commercial and utility applications in the North American market, acting as the U.S. version of German Mercedes-Benz GmbH, launched earlier this year. The technology for the systems, the company said, is based on the same technology Daimler has used in its electric and hybrid vehicles since 2012. 

The company selected Boris von Bormann, former CEO of German battery company Sonnen, to lead the North American operation. 

"By founding Mercedes-Benz Energy Americas, we are once again underscoring our ambition to be a technological and market leader in the field of highly efficient storage systems on a global scale," Marc Thomas, CEO of Mercedes-Benz Energy GmbH in Germany, said in the company's Nov. 3 announcement.  "At the same time, we are making an active contribution to the process of transition towards sustainable energy generation and continuing the success story of German-based battery production."

The company said its energy storage products will enter the North-American market early 2017, starting with its a modular residential product, which will be followed followed by larger energy storage systems for commercial and industrial customers. 

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