Home Energy Storage Market Growing Quickly in U.S.
If someone were to have asked you 10 years ago what you thought about the home energy storage market in the U.S., you might have responded in one of the following ways:
- ”Home energy what?”
- ”You mean like living out in the woods with no electricity or plumbing?”
- (Blank stare)
These days, home energy storage is becoming a major part of the energy industry. In fact, the implementation of energy storage systems in the U.S. grew 243 percent between 2014 to 2015, according to invest in innovation to differentiate themselves. That’s why we focus on the uniquely "intelligent" aspect of our home energy storage system.
Our intelligent system is different because of its connectedness with the Internet of Things (IoT) and its patented technology with features that you can’t find anywhere else. These include the ability to manage your home’s energy consumption, communicate power outages instantly, automate your home by integrating disparate IoT-enabled devices, and several others. Here’s how:
Energy usage optimization – Intelligent energy storage allows you to monitor, program, and distribute your home’s electricity at a granular level so that you never waste a single kilowatt hour. This means lower electrical bills and a smaller environmental impact from powering your home. You can also receive alerts through your computer or device whenever something changes in your home’s energy usage.
Energy Big Data for utilities and municipalities - Communicating energy usage data allows your system to instantly notify utilities when a power outage occurs. It also allows utilities to make better business decisions based on data which can translate into reduced costs for electricity and lower greenhouse gas emissions from burning fossil fuels.
Home automation through vendor-neutral hub – Our intelligent energy storage system can serve as a hub for all your IoT-enabled devices so that you can control them from a single display on your smart phone or tablet. This makes it much easier and more convenient to automate your home through the IoT.
Home energy storage is still in its infancy, but you can expect this baby to keep growing into a multibillion-dollar market within the next 10 years. By then, the technology will be so ubiquitous you might not even remember a time when it didn’t exist.