German solar energy firm Solarwatt is revving up to unleash its ‘MyReserve’ lithium-ion energy storage system onto the UK residential market.
The move has come on the back of rising energy prices in the UK, says Solarwatt international sales manager Pol Spronck.
“People want to fix energy costs as they do with mortgages, but utility costs keep rising,” said Spronck.
“With PV storage, people can fix the electricity costs for decades and boost their independence from utilities.”
As analysts predict the UK energy storage market will see exponential growth, with batteries expected to deliver more than 1.6GW capacity by 2020, it’s no surprise that more and more companies are joining the competition to market their products.
Environmental consultancy firm Eunomia said the market will be tempted to take a further step forward in 2017 as the National Grid brings in new Enhanced Frequency Response contracts that aim to incentivise operators to keep grid frequency within an acceptable range.
While industrial power consumers stand to make the most out of being able to avoid the highest rates for power, firms that offer residential ESSs will also benefit.
“For several years now, SOLARWATT has marketed intelligent, complete solar systems that enable residential and small business customers to generate their own electricity. Our UK entry is an important milestone for us,” added Spronck.