Invest to save: Rising residential battery demand
The residential energy storage sector experienced profound change in 2022, reports Susan Taylor, analyst for S&P Global. Record high electricity prices and ongoing restrictions on Russian gas supply have dramatically changed the way consumers view their energy consumption. Installing a battery and solar allows consumers to take control of their energy bills, reduce their exposure to future volatility, and lower their environmental impact.
Europe has a thriving market for rooftop PV which is set to accelerate under current policy changes. This combination of drivers means that many consumers would now consider energy storage an ideal pairing for solar in their home. This has created the perfect storm for including energy storage with PV to maximize self-consumption across all …
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