The energy storage business of German auto manufacturer Mercedes-Benz is expanding to the US market starting early 2017.

Moixa is aiming to increase the amount of aggregated energy storage capacity through its GridShare platform to take on future national tenders, with the help of a new partnership with PV Kits Direct and a combined solar storage offer.

A new report from Bloomberg New Energy Finance (BNEF) details how more than US$8 billion will be invested in new-build energy storage in the year 2024, driven by an increase in deployment of behind-the-meter storage.

The man who will host the UK’s first Tesla Powerwall in his home has said the British residential energy storage industry needs to avoid “false starts” which could result in “lots of inappropriately installed systems”.