I know this is something we've commented on before, but now the deal is moving forward it will be great to see what kind of uptake we'll see. I may even succumb to my wife's appeal to go to the IKEA locally, just to test the sales person's knowledge! (I need to move before I invest myself).
In particular for Hyperion it's really positive that IKEA have chosen to partner with Sonnen and LG Chem. We had the pleasure of recruiting the Sonnen Country Director for the UK, and his team. We also recruited LG Chems Head of Residential Storage for EMEA, based out of Frankfurt. I know Martin and Stefan will be instrumental in making this partnership work.
The UK has about a million solar PV systems on domestic homes, it will be interesting to see how this respected retailer can help many move on to add home energy storage.
IKEA’s batteries will be offered by Solarcentury, the UK’s biggest solar supplier. IKEA isn’t actually making the batteries itself: Solarcentury will provide the hardware, from existing suppliers including LG and German manufacturer Sonnen. Those companies already sell batteries. IKEA’s advantage? Cost, and scale: IKEA says its solar and battery offerings will start from £3,000, depending on location, type of building, and ease of installation. That’s compared with more than £5,000 for a 14 kWh Tesla Powerwall.