How Large Is The Home Power Storage Market?
The energy storage market is estimated to reach 250 Billion US dollars by 2040. Certainly by the number of companies entering the industry today, it seems that this may even be understated. If consumers can buy solar power systems with energy storage attached, it can mean the end of electricity bills.
Here is an entry from LG Chem which shows just how easy it is to install such a system to your home electric circuit. This is a very dangerous installation as are all electric installations and it should only be done by a licensed electrician.
First, if the electricity that you want to store is coming from the grid, you must first convert it from AC to DC power. If it is straight from your solar panels you can store it directly as long as the voltage range is correct for the storage device.
The Future Belongs To Home Power Storage
Take a look at the future for home power storage systems. Attached to the solar panels, energy storage for home use is a game changer.
Gordon's expertise in the area of industrial energy efficiency and alternative energy. He is an experienced electrical engineer with a Masters degree in Alternative Energy technology. He is the co-founder of several renewable energy media sites including Solar Thermal Magazine.