Technology Applications
Pages 71–95 (25 pages)
Text on page 94
Market
US
Major States/Countries
CA, PR, FL, HI, TX, MA, AZ
Notable Players
Market Growth: Global residential battery market size to grow $28 Billion by 2030, led by regions with unreliable grid & high untapped solar market Use Case: Backup is the primary use case for residential ESS. Utility bill savings (with approval of CA NEM3) and grid service (i.e. ERLP, ConnectedSolutions) can be attractive in some markets, but overall project economics is typically lower than non-residential segments.
EU
Germany, Italy, UK
Competition: While Tesla remains the top 1 home battery brand, 2022 marked an influx of home battery players, including numerous battery / Inverter / PV module / home appliance manufacturers
APAC
Australia, Japan
Safety: Recent residential battery fires [1] [2] in Germany and LG Chem RESU recalls increase concerns on safety
Industry: Technology Applications
Volta Foundation
Extracted from the PDF; charts and images may read imperfectly.
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