residential energy storage

Last year was another landmark 12 months for energy storage, with all indicators pointing to a massive surge in demand. Supply chain instability and inflation saw battery prices rise but the industry demonstrated an ability to swiftly react to geopolitical developments. We look at five trends driving the market.

The Netherlands storage industry association and the Dutch grid operators have proposed a faster phasing out of the net metering scheme to enable wider adoption of batteries among PV system owners. A 30% rebate on the purchase and installation of residential storage systems could help achieve the plan.

Made up of distributed residential energy storage, these “plants” stabilize the grid and often end the need for new fossil generation. Tesla customers in California are the latest to join the movement.

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.