1. Growth of market demand
Energy independence and emergency backup: more and more demand.
Electricity price fluctuations and peak-shaving: with the growth of electricity demand.
2. Technological progress and cost reduction
Battery technology innovation: lithium batteries (such as Tesla Power) Tesla Powerwall, LG Chem RESU, etc.) are the main brands in the current home storage market.
Inverter technology innovation: Solark, Luxpower, Amensolar, etc.
4. Integration of energy storage and solar energy
Solar energy + energy storage field: wide application and technological innovation make the cost lower. Get more cheap energy.
In short, North America’s household energy storage system is transforming from an emerging market to a mainstream trend. Technological innovation, policy support, market demand and growth combined with renewable energy such as solar energy are all important factors driving the development of this field.
With the decline of system costs and the improvement of transformation levels, household backup systems are expected to be more widely used in North America in the next few years.
Post time: Dec-03-2024
