BMW to enter home energy storage market

BMW has announced plans to enter the domestic energy storage market. The German automotive giant will work with Beck Automation to use new or second life BMW i3 battery packs, […]

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By Priyanka Shrestha

BMW has announced plans to enter the domestic energy storage market.

The German automotive giant will work with Beck Automation to use new or second life BMW i3 battery packs, which will have a 22 kWh or 33kWh capacity.

That’s enough to operate a variety of appliances and entertainment devices for up to 24 hours on its own, according to BMW.

It added the technology can be integrated with charging stations and solar panels, allowing customers to offset peak energy costs and have backup power during outages.

Cliff Fietzek, Manager Connected eMobility at BMW of North America said: “The remarkable advantage for BMW customers in using BMW i3 batteries as a ‘plug and play’ storage application is the ability to tap into an alternative resource for residential and commercial backup power, thus using renewable energy much more efficiently and enabling additional revenues from the energy market.”

Last year Tesla launched a battery storage system – dubbed Powerwall, for domestic and commercial customers.