According to Electrive, the company already received orders for three of its energy storage solutions, called BLESS III, each of them with a capacity of 2.8 megawatts.

These large battery systems can be used as backup sources of energy and they can even reduce the strain from the grid, if necessary.

Rasmus Bergström, CEO of Batteryloop, stated that "the fact that our energy storage systems are made with reused batteries from the automotive industry is both resource efficient and climate smart."

"We also control our BLESS to be optimal with our own developed digital service platform. To succeed with the electrification of society and reach the target climate goals, reuse and innovative solutions are crucial", he added.

Batteryloop signed an agreement with Mercedes-Benz Energy, which is apparently going to give the company access to some 40 MWh of power in the next 18 months.

Batteryloop is a subsidiary of the company Stena Recycling and it was founded in 2021 with the mission to give a new life to used EV batteries.