The importance of technologies and services that enable effective energy storage including software and systems integration, is set to grow more than 30 times over in the next nine years, a new report claims.

Energy storage is likely to be worth “tens of billion dollars in the next five to 10 years” across a number of global regions, according to executives at solar microinverter firm Enphase.

Integrated US photovoltaic energy company SunPower’s solar panels will be sold as part of a package that includes energy management software and energy storage capabilities to residential customers in the US and Australia from early next year.

Solar microinverter specialist Enphase has announced its first move into energy storage, launching an energy management system which includes an AC battery, at the Solar Power International show in Las Vegas this week.