Daimler, Mercedes-Benz and smart parent company, has announced that it will release its own line of batteries for homes and small businesses within this year. The batteries will be available exclusively in Germany initially, but Daimler wants to gradually expand the market to other European countries and, possibly, the United States in the medium-term future.
Daimler executives explained quickly that the decision to enter the home battery market isn’t a direct response to Tesla’s recent announcement. The company outsources production of the lithium-ion battery packs found its in hybrids and electric vehicles to a wholly-owned subsidiary called Accumotive, which has also been building high-capacity battery packs for large commercial and industrial applications since 2012.
Chemically speaking, Daimler’s home battery is closely related to the lithium-ion battery packs found in the company’s cars. The battery works just like Tesla’s: Ideally mounted on a wall, it can be charged during off-peak hours when electricity is cheaper and turned on during peak hours when it is more expensive. Two or more batteries can be combined if extra capacity is needed, and homeowners looking to seriously trim their power bill can link the installation to solar panels or wind turbines.
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