avatar

US residential energy storage market to hit $4 billion by 2024

January 11, 2019 by chandan.kumar

(Source: Smart Energy International) The US residential energy storage market will surge at 33%+ CAGR up to 2024, according to a new report issued by Global Market Insights. The US residential energy storage market will witness robust expansion on account of increasing penetration of solar PV levels along with the introduction of supportive policies and energy storage subsidies.

The industry growth is further stimulated by growing implementation of time-of-use rates by utilities coupled with a reduction in net metering compensation. Read full article….

  • Facebook
  • Google
  • LinkedIn
  • Twitter
  • Email