Mercedes and Vivint Solar have teamed up to offer home battery packs. The idea is that the battery packs, which check in at 2.5 kWh and are branded with the automaker's logo, would gather energy from solar panels provided by Vivint Solar. During times of peak energy use these batteries can be used to provide free power to homes. In Mercedes eyes these batteries can be used to power its future plug-in hybrid and all-electric cars.
The Mercedes and Vivint Solar partnership is sure to be noticed by Tesla which also sells its own home battery packs known as Powerwalls. Unfortunately the battery packs do not sell for cheap, with prices ranging from $5,000 to $13,000. The battery packs can be combined to produce up to 20 kWh, which equals out to eight battery packs total.
What's Driving This Trend
- Home Battery Packs
- The introduction of home battery systems is disrupting the traditional utility industry and providing opportunities for automaker partnerships.
- Solar Energy
- The rise of solar energy is creating opportunities for companies to leverage partnerships and break into new markets.
- Electric Vehicles
- Automakers are looking to diversify their offerings by integrating electric vehicles and home battery packs into a single energy ecosystem.
Who This Affects Most
- Automotive
- Automakers have the opportunity to expand their product offerings by creating synergies between home battery packs and electric vehicle production.
- Renewable Energy
- The development of home battery packs that are compatible with renewable energy sources creates opportunities for growth in the renewable energy industry.
- Home Improvement
- Companies in the home improvement industry have the opportunity to integrate home battery packs and solar panels to provide energy efficient and cost effective home solutions.
