Duke Energy Florida saved customers $50 million by leveraging tax benefits from battery storage projects, avoiding a rate increase in 2027. The utility’s investments in energy storage help support grid reliability and clean energy goals.

Discover how second life automotive battery modules are transforming residential energy storage solutions. Repurposed EV batteries offer cost-effective options, backup power, and environmental benefits. Market growth is driven by EV industry expansion, renewable energy demand, and regulatory support. Key industry players like Nissan, Renault, BMW, and Tesla are shaping the market with innovative solutions for commercial and grid-scale applications.

LG Energy Solution expands production of LFP battery cells in Tennessee to meet growing demand for energy storage systems in the United States. The move aims to localize manufacturing and offer competitive pricing to U.S. customers while positioning the company strategically in the expanding ESS market.

Moment Energy launches North America’s largest EV battery repurposing facility in Vancouver, repurposing retired batteries for sustainable energy storage solutions.

The global energy storage fire protection systems market is booming due to regulatory mandates and utility-scale BESS expansion. Key technologies are shaping the market, with North America leading through 2035.

SolarEdge’s Nexis platform revolutionizes residential solar storage in the US, offering higher power output, seamless backup, and simplified installation.

Flow battery technology is empowering island and tribal communities to achieve energy independence and reliability with long-duration storage solutions.

The Enphase IQ Battery 5P is a top choice for solar-heavy homes, offering silent operation, scalable design, and impressive technical features. With its LFP chemistry, grid-forming microinverters, and 15-year warranty, it provides safety, longevity, and reliable backup power. Ideal for maximizing self-consumption of solar energy and reducing reliance on the grid.

Sunrun, Tesla, and Renew Home launch 16.8 GW virtual power plant program to aggregate residential solar systems and batteries for grid support. Major partnership aims to enhance grid reliability and reduce fossil fuel usage, aligning with rising electricity demand and capacity concerns.

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.