Key Developments

In March 2022, Green Cell launched its GC PowerNest residential battery, boasting a 5 kWh capacity and scalable to 40 kWh, based on lithium iron phosphate cells
In February 2022, Enphase Energy announced a partnership with Swell Energy enabling Enphase Energy Systems equipped with IQTM Microinverters and IQTM Batteries to participate in Swell Energy's distributed, virtual power plant (VPP) programs across California, New York, and Hawaii.
In the first nine months of 2020, China witnessed a significant increase in residential rooftop solar capacity, reaching 7.41 GW, up by 64.61% in 2021. Bslbatt unveiled a modular lithium-ion battery for off-grid solar energy storage in China in February 2022, further driving the market growth.
In November 2021, Duracell introduced a lithium iron phosphate (LFP) battery compatible with residential PV systems in the U.S., boasting a power rating of 5 kW and a storage capacity of 14 kWh, with high efficiency and durability

Residential Battery Market Report Snapshots