Mercedes-Benz Energy and Vivint Solar have announced an exclusive strategic partnership to bring the Mercedes-Benz customizable home energy storage system to the U.S. residential solar market.
Last November, Germany-based Mercedes-Benz and parent company Daimler AG established a new unit, Mercedes-Benz Energy Americas LLC, to lead the expansion of the stationary energy storage business into the U.S. The storage systems are based on the same automotive-grade battery technology used in Mercedes-Benz electric and hybrid vehicles.
“As Mercedes-Benz electrifies its vehicle fleet, solar-plus-storage is essential to enable those vehicles to be powered by clean energy,” says Boris von Bormann, CEO of Mercedes-Benz Energy Americas LLC. “With batteries featuring the best in automotive engineering from Mercedes-Benz and high-quality solar energy systems from Vivint Solar, our solution allows customers to take the next step toward a sustainable energy future. The launch of our home battery system in Europe has been successful, and we are thrilled to be working with Vivint Solar to bring a reliable and compelling solar-plus-storage offering to American homes.”
For Vivint Solar, which says it has installed solar at more than 100,000 homes across the U.S., this is the first collaboration to integrate batteries with its offering. With energy storage to complement rooftop solar, Vivint Solar expects its customers to be able to have more control over the renewable energy they generate. In addition to providing a backup power source if the grid goes down, the new combined solution may help customers reduce energy costs. For instance, in areas with time-of-use electricity rates, customers can store excess solar energy produced by the system during the day in the batteries and then consume it during periods of peak energy usage in the evening and at night, when electricity rates are typically higher.
Each energy storage system will consist of modular 2.5 kWh batteries that can be combined to create a system as large as 20 kWh, and Vivint Solar will customize each system based on the customer’s individual energy consumption needs.
California is the first U.S. market where Vivint Solar will offer this solution directly to homeowners. Beginning in the second quarter, new customers in California will be able to buy the offering outright or finance the purchase, either through one of the institutions with which Vivint Solar has relationships or through customers’ preferred lenders.
“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. “We believe their energy storage system is going to delight our customers and are impressed with their ambitious plans for the future. We look forward to bringing this innovative solution to consumers, beginning in our California markets, and to empowering greater renewable energy usage.”