Featured in Huawei Special Edition 2020

Sights on storage

The residential storage market doubled last year, driven by catastrophic outages that have included wild fires, hurricanes, and other problems in countries around the world. The booming global market for residential battery storage is being supported by new solutions that are linking rooftop PV assets to battery banks controlled by powerful new software platforms. Huawei is stepping into position to support the growing demand with a new suite of smart solar+storage solutions.
Huawei’s new Smart Energy Storage System offers a plug-and-play solution including an inverter, battery bank, monitoring, and mobile software controls. | Photo: Huawei

The global $6 billion-plus residential energy storage market is expected to grow significantly over the next decade. In mature solar PV markets, changing regulations and policies – such as the expiration of solar feed-in tariffs (FITs) and net-energy metering schemes – are creating the desire for customers to increase their self-consumption rather than feeding power …

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