Global residential energy storage shipments fell year-on-year for the first time in the second quarter of 2023, S&P Global said, amidst less energy price volatility, high inventories and rising costs.
California-based FranklinWH Energy Storage has secured a US$25 million Series B to scale up its residential battery and energy management software offering in the US and Puerto Rico.
Germany and US residential battery storage and VPP provider sonnen’s network of batteries in Germany has reached 250MWh, and will hit 1GWh in the next few years, it said.
Some organisations consulted for a UK government study believe that the safety of second life EV batteries in residential energy storage “can never be guaranteed” while others believe an enabling framework is possible.
US backup power solutions specialist Generac has embedded ‘Smart Grid Ready’ functionality into some of its products, leveraging its acquisition of distributed energy platform tech company Enbala.
Batteries in private households will be now able to perform the “same tasks as a conventional power plant”, across the whole of Germany, the CEO of Sonnen has said, following a ruling that opens up grid services markets to the company’s devices.
EDF Energy, one of the UK’s ‘Big Six’ major energy suppliers, is seeking to build a portfolio of domestic batteries to take into energy services markets by offering discounted energy storage units to consumers via a new partnership with manufacturer Powervault.
