Research on home energy storage applications that go beyond powering home electric systems

Home energy storage systems not only provide electricity to home users, but also bring more value and contribution to the power system and society.
1. Promote the consumption and utilization of renewable energy:

Home energy storage systems can be combined with household PV systems to increase the self-generation and self-utilization ratio of solar energy to reduce the feedback to the grid. This reduces the stress and losses on the grid and increases the consumption and utilization of renewable energy.
2. Improving the stability and flexibility of power systems:

The home energy storage system can provide auxiliary services in active, reactive power, frequency and voltage to the power grid through intelligent control according to the real-time status and demand of the power system. This improves the stability and flexibility of the power system, and enhances the power system's anti-interference ability and ability to respond to emergencies.

3.Promote the development and improvement of the electricity market:

Home energy storage systems can participate in trading and bidding in the electricity market through the Internet platform, providing demand response, peak and valley adjustment, power balance and other services to the power grid. This promotes the development and improvement of the power market, increases the efficiency and fairness of the power market, and creates more benefits and value for home users.

4. Promote carbon emission reduction and environmental protection:

Home energy storage systems can lower the carbon footprint of home users and reduce dependence on and consumption of fossil energy. This promotes carbon reduction and environmental protection, contributing to combating climate change and achieving carbon neutrality.
Home energy management is one of the key components of the future smart grid environment. Decentralized power generation in private homes, especially through photovoltaic systems, is already prevalent in many parts of the world. Together with the development of batteries for electric vehicles and for stationary storage, this is stimulating a mass market for these batteries that deserves significant investor attention.