Residential industrial and commercial energy storage policy

Is residential energy storage outpacing expectations?

The rapid growth of residential energy storage is outpacing expectations. While larger batteries are also critical segments of the energy-storage market, household systems will likely become important assets sooner than many expect.

Why is energy storage important?

Energy storage has become an important part of clean energy. Especially in commercial and industrial (C&I) scenarios, the application of energy storage systems (ESSs) has become an important means to improve energy self-suficiency, reduce the electricity fees of enterprises, and ensure stable power supply.

Can residential energy storage be integrated?

The more residential energy-storage resources there are on the grid, the more valuable grid integration may become. So several states are experimenting with grid-integration programs targeted at residential energy storage. Annual installations of residential energy-storage capacity could exceed 2,900 MWh by 2023.

Are residential energy storage systems valuable?

With each passing year, US households install more residential energy-storage systems as storage prices fall and the value increases. These systems could be surprisingly valuable to local grid operators.

Are battery energy storage systems safe?

Especially in commercial and industrial (C&I) scenarios, the application of energy storage systems (ESSs) has become an important means to improve energy self-suficiency, reduce the electricity fees of enterprises, and ensure stable power supply. However, the development and application of battery energy storage technologies pose safety challenges.

Could residential energy storage make the grid more cost effective?

Residential energy storage, i.e. household batteries, could make the grid more cost effective by improving its reliability, resilience, and safety. However, this depends on resolving delicate commercial and policy issues among retail battery providers, utilities, and regulators.