Solar industry players target opportunities in the residential energy storage market in the US and elsewhere with the rollout and launches of new products.
The company’s partner in Japan, Next Energy & Resources, has predicted that the growth of home solar - and now energy storage - systems will help provide the impetus for new business models, including the growth of third-party ownership.
Energy storage will increasingly be deployed to save money on electricity transmission and distribution (T&D) infrastructure, with nearly half of the global market to be found in the Asia-Pacific region by 2026, Navigant Research has said.
Thus far, the relationship between incumbent utilities and the rise of distributed energy storage has been a difficult one. Cosmin Laslau of Lux Research gives his quick take on one US utility’s plan to stay in the game, offering Tesla Powerwalls to customers in three different ownership models.