Energy storage Knowledge

For homeowners with solar panels or wind turbines, residential ESS solutions provide a means to maximize the benefits of renewable energy.

By tailoring the BMS to specific requirements, the performance of battery system can be optimized from energy utilization, costs reducing, and overall system performance enhancement. The ability to customize and adapt the BMS ensures compatibility and scalability, allowing for future growth and development.

Currently, the regions with the largest installed capacity of household energy storage lithium battery systems in the world such as the United States, Germany, Japan, and Australia, where all have the following things in common. Firstly, the marketization degree of electricity prices is high, and the peak-to-valley electricity price difference range is at the forefront of the world, providing huge profit margins for peak-to-valley arbitrage. Secondly, there is a good foundation for the household photovoltaic development, and there are a large number of single-family residential buildings suitable for laying photovoltaic panels. Thirdly, the stability of energy supply is poor, and the demand for distributed energy products for self-use is high. For example, the stability of power grids in the United States and Australia is poor, and power outages caused by natural disasters occur frequently, while residents have a rigid demand for emergency backup power.

As the global demand for renewable energy continues to grow, Battery Energy Storage System (BESS) is becoming increasingly prominent in the power market due to its flexibility and reliability.BESS serves as an important power balancing and energy management tool to efficiently and steadily extract power from renewable energy sources, such as solar and wind.

As the world is moving towards renewable energy, residential battery storage systems have become an essential part of household. In Europe, where the population density is high, and the living spaces are small, battery storage systems installed in balconies of city apartments have become a good solution for residential power backup.

We have been investing in evolving our public grid and it created a long-term benefit and certain reliability for decades. Energy Storage System is a