Sunrun, Tesla, and Renew Home have launched a 16.8 GW virtual power plant program to support grid reliability and offer benefits to homeowners with solar and energy storage systems. This partnership combines the strengths of the three companies to create a large-scale dispatchable power resource. Virtual power plants help balance the grid, reduce electricity bills, and contribute to cleaner operations amid growing energy demand and aging infrastructure challenges.

Graphite-enhanced paraffin PCM market poised for growth through 2035, driven by EV demand and thermal energy storage applications.

The North American residential energy storage systems market is booming from 2026 to 2034, driven by rising electricity prices, extreme weather events, and incentives like the Investment Tax Credit. With increasing adoption of rooftop solar and falling battery prices, the sector is projected to grow significantly. Key players like Tesla, LG Energy Solution, and Enphase Energy are leading the charge with innovative technologies and products to meet the rising demand.

The residential energy storage market is growing in North America and Europe, driven by rising electricity costs, grid reliability concerns, and supportive policies. Factors like grid outages, volatile utility rates, and government incentives are fueling adoption. Key players like Tesla, LG Energy Solution, and Enphase Energy are shaping the industry with innovations in lithium iron phosphate (LFP) battery technology.

Home battery storage drives utility market growth through 2035, with increasing adoption, technology improvements, and evolving utility business models.

Canada’s province commits to 640 MW battery storage project, enhancing grid reliability and supporting renewable energy integration.