New big names are entering the energy storage sector in 2016, in a market that already includes ABB, GE, LG, Panasonic, Samsung and Tesla. This month Daimler AG began deliveries of Mercedes-Benz stationary energy storage units for use in private homes. While global aerospace, defence and security firm Lockheed Martin have made clear their intentions to enter the sector, and rumours persist about BMW putting their name in the increasingly crowded hat. “Although energy storage is a nascent market, it is poised to become more significant in the years ahead. A number of factors including decreasing costs of battery energy storage systems, government funding programs and utility tenders are helping to increase both the interest and viability of distributed energy storage, particularly in developed markets”, according to Memoori’s latest report Smart Buildings Meet the Smart Grid. Daimler originally announced its stationary battery storage business in 2015 with its subsidiary Deutsche ACCUMOTIVE and has been continuously […]