By Olivia Bugault

 

Daimler AG's Mercedes-Benz said Thursday that its subsidiary Mercedes-Benz Energy has signed a cooperation agreement with Austrian engineering group Andritz AG to supply energy storage systems for hydropower plants.

"The hybrid energy solution offered by Mercedes-Benz Energy and Andritz combines a hydropower unit with a stationary energy storage, based on automotive lithium-ion battery systems from Mercedes-Benz," Mercedes-Benz said.

The stored energy can be quickly available and the system increases the flexibility of the hydropower plants, it said.

 

Write to Olivia Bugault at olivia.bugault@wsj.com

 

(END) Dow Jones Newswires

December 10, 2020 03:42 ET (08:42 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
Daimler (XE:DAI)
Historical Stock Chart
From Aug 2021 to Sep 2021 Click Here for more Daimler Charts.
Daimler (XE:DAI)
Historical Stock Chart
From Sep 2020 to Sep 2021 Click Here for more Daimler Charts.