The global residential energy storage market continued to grow in 2020, writes IHS Markit Analyst Michael Longson. Many suppliers were looking to build upon a strong first quarter when Covid-19 hit in March 2020 and slowed the market significantly. However, as a result of several funding packages being introduced and the gradual easing of local restrictions, shipments continued to grow throughout the second and third quarters, enabling strong year-on-year growth for the sector in 2020.
With folks housebound by Covid-19 restrictions and more conscious of their home energy needs, April proved a banner month for companies generating digital leads through their own accelerated transition to a new way of working.
When Covid-19 hit his small solar engineering business, chief executive Methode Maniraguha said: ‘No furloughs or layoffs – we’ll pivot.’
The state government has partnered with the German energy storage company to offer 188 families locally assembled sonnenBatteries as they rebuild their homes.
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