While technological innovation and falling technology costs are key to growing the storage dupply chain, pure energy storage technology plays are getting increasingly difficult to differentiate from the other technologies under development and are offering more modest profit margins compared to integrated systems and revenue models.Ĭurrent business models that offer good economic returns in residential, commercial and grid storage are taking advantage not just of the lower cost of storage, but also of cheap computing and communication technologies, as well as low-cost distributed and clean energy generation. Total US energy storage deployments grew 243% between 2014 to 2015, from 65 (86 MWh) MW to 221 MW (161 MWh) and are projected to continue to grow in the next few years. Though the utility-scale storage segment continues to be the bedrock of US storage with 85% of the deployments in 2015, the residential and non-residential (behind-the-meter) market grew 405% in 2015, according to GTM Research/ESA’s US Energy Storage Monitor published in early March. While still small and largely untapped, the battery-storage market in the US is growing quickly in the US on the back of advances in energy storage technology, growing solar installations, falling battery costs, and a policy and regulatory shift into self-consumption and away from net energy metering. The on-board analytics program can also control Internet-connected appliances to automatically cut energy consumption. The system’s energy meter also samples data every millisecond, providing real-time insight to customers on how to be more efficient via the dashboard in the cloud. The embedded software system can also learn usage habits and automate home energy savings. The company's storage system is paired with a cloud-based interface that customers can use to monitor their energy use. ![]() ![]() ![]() JuiceBox is currently developing its software to better monitor and improve its own hardware system performance, guide its charge and discharge algorithms, and serve and support multiple other third-party hardware systems.Įarlier this year, Palo Alto-based energy management company ElectrIQ Power also announced it will offer a 10 KWh all-in-one system that will combine a lithium-ion battery, a hybrid DC-to-AC inverter, a DC-to-DC converter, a smart battery management system, a high-frequency energy meter and a charger.īut the company said its real added value over other integrated solutions providers lies in its software. The system is used for energy backup when the grid goes down and can deliver other smart grid features such as peak shaving and load shifting. The company’s 8.6 kWh, 5.5 kW residential storage system consists of lithium-ion battery modules, a cloud-based battery management system and a smart system controller that sets the inverter mode of operation. ![]() JuiceBox is among a dozen storage-battery builders in the US offering home battery packs that are starting to explore more advanced software systems for their products. “We are definitely delivering hardware today and we get a lot of feedback on our hardware, but most importantly is the software that we are building,” said Neil Maguire, CEO and founder of Silicon Valley-based startup JuiceBox Energy, which provides energy storage systems for solar and wind installations and was one of the early movers in the US advanced energy storage and management segment. While still looking to differentiate on price and hardware capabilities, a growing array of companies are also seeking to pencil out against the alternatives on the back of more advanced integrated software solutions that allow them to offer higher-value multiple-service applications at scale, such as all-in-one smart systems and virtual power plants.
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