Battery energy storage systems (BESS) have become the fastest-growing clean energy technology driven by the growth of intermittent renewables and the need for grid flexibility. Homeowners are turning to batteries to maximize solar energy consumption, manage energy demand more efficiently, control costs, and reduce carbon footprint.
Residential batteries are also functional for distribution networks. With the right regulations and price signals in place, home batteries can store distributed solar PV during high irradiation hours to be used during peak hours, reducing stress on the grids.
How will factors like the combination of higher income, higher electricity prices, the availability of incentives, and supportive regulations make investing in residential storage an appealing option across major regions?
Which systems can help your team capitalize on the expansion of distributed generation, and reach climate and environmental goals while achieving growth?
What are the main growth drivers, megatrends, technologies, business models, applications, and growth opportunities impacting the battery value chain?
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