Battery Battle

Daimler Takes on Tesla

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Plugged in, powered up, Daimler's in the game.
  • Why it matters

    Why it matters

    Tesla and Daimler’s commitment to battery development proves that harnessing solar power is a viable future energy source, while competition in this field will ultimately benefit consumers by driving down battery prices.

  • Facts

    Facts

    • Tesla is charging $3,000 for its entry-level package.
    • Daimler’s energy storage device is made by its subsidiary, Deutsche ACCUmotive.
    • Tesla will also use its lithium-ion battery to ensure optimal capacity utilization in the company’s Gigafactory now under construction in Nevada.
  • Audio

    Audio

  • Pdf

When Tesla, the American pioneer in the electric car market, announced in April that it was entering the business of stationary energy storage systems, its market value increased by $2 billion (€1.83 billion).

When German automaker Daimler announced similar plans on Thursday, its share price declined by more than 1 percent.

While the differences in shareholder behavior are hard to explain, the two projects are comparable in many ways. Both involve solving the problem that opponents of solar energy have always waved in the face of sun-power advocates: the question of “what happens when the sun doesn’t shine?”

The energy storage units now being sold by Tesla and Daimler could solve the problem, by storing energy during peak times and releasing it when it is needed, regardless of whether the sun is shining.

The manufacturers hope to see high demand in the United States, with its ailing power grid that is often overloaded in the summer months.

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