Vivint Solar was founded in 2011, and is now operational in 16 states including California, Florida, New York, New Jersey, South Carolina, Pennsylvania, New Mexico, and Maryland. Now, Mercedes-Benz Energy has announced its association with Vivint Solar in order to provide energy storage batteries in the US, with the state of California rolling-out the first stock by this spring.
The exclusive partnership, Vivint's first foray into energy storage, will allow the companies to compete against similar offerings from automaker Tesla Inc, solar installer Sunrun Inc, battery maker LG Chem Ltd and others.
Home battery systems allow customers to store solar power generated during the day for use after sunset, a time when they might charge an electric vehicle.
"The choice to work with Mercedes-Benz Energy, a world-class innovator in energy storage, was an easy one", says David Bywater, CEO of Vivint Solar. The systems are made up of 2.5-kilowatt-hour batteries - each the size of a mini-fridge - that can be combined in systems up to 20 kilowatt hours. The company has done surveys and research to gauge what customers want, and they want smart energy consumption systems and solar storage, he said.
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Vivint Solar is one of the three largest residential solar installers in the USA, though it trails SolarCity, which Tesla acquired late past year. "We look forward to bringing this innovative solution to consumers, beginning in our California markets, and to empowering greater renewable energy usage".
Energy storage systems are rapidly spreading in the United States as the prices of both lithium-ion batteries and solar photovoltaic panels steadily plummet. Some other newer companies don't necessarily have this to offer their customers, giving Vivint and Mercedes a leg up.
Leading residential solar company SolarCity has now merged with Tesla, bringing solar and storage expertise together under one roof.
Daimler unveiled its Mercedes-branded home battery pack past year, but this new deal with Vivint will enable them to distribute it more widely in the US. For more information, visit www.mercedes-benz.com/energy. Based on the same automotive-grade battery technology used in Mercedes-Benz electric and plug-in hybrid vehicles, Mercedes-Benz Energy storage solutions meet the highest standards of quality, reliability, and safety.
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Though the power rating of the Mercedez battery system can depend on the power electronics specific to particular installations, but in general it is 0.5 C up to 4 battery units. Past year the industry generated $320 million in revenue in the United States, though residential systems made up just 4 percent of the total.
For homeowners with solar power, the collaboration will provide them with more control over managing electricity costs and providing backup power if the grid goes down.
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