1. The Transformation of Residential Energy Storage

    The Transformation of Residential Energy Storage

    The residential energy storage industry has gained significant momentum during the past year. Yet while there has been substantial progress, recent high-profile product launches have led to media attention that overestimates the current state of the industry. Despite the potential of residential battery energy storage systems to drive transformation in electric power systems, they are an economical investment only in select markets today. Going forward, utility involvement in the residential energy storage system (RESS) market will be a turning point for the industry as utilities look to own, distribute or access these storage systems. This article explores the evolving economics of RESS, how utility involvement is rapidly shifting market dynamics and the potential for this technology to lay the foundation for the distributed energy revolution.

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