Different countries use different types of energy, but the consistent trend is to explore how to maximize the benefits of renewable energy.
What Is Energy Storage?
Energy storage is the saving of generated energy for later use. Energy storage can reduce the imbalance between energy demand and energy production. Devices that store energy is often called accumulators or batteries. Energy storage involves converting energy from a form that is difficult to store to a more convenient or economical storable form.
Top Energy Storage Companies
Energy storage solutions are becoming an integral part of most power generation systems. Energy storage solutions cut consumer spending, increase flexibility and reliability, and help protect the environment and mitigate climate impact.
Fast-growing energy sub-sectors such as electric vehicles and floating solar have increased the need for efficient energy storage. Correspondingly, many manufacturers of energy storage solutions have emerged to adapt to the trend. We have assembled a directory of the most attractive energy storage solutions companies based on several important factors.
Tesla Energy, the clean energy subsidiary of Tesla Inc., develops, manufactures, sells, and installs photovoltaic solar power generation systems, battery energy storage products, and other related products and services for residential, commercial, and industrial customers.
Tesla Energy, founded in 2015, will apply the battery technology it developed for electric vehicles to a home energy storage system called Powerwall. Powerwalls store electricity for solar self-consumption, time-of-use load shifting, and backup power.
Founded in 2010, Sonnen is today a global leader in solar energy storage solutions with offices in Germany, Italy, the UK, the US, and Australia. Sonnen’s goal is to challenge the existing energy system so that users worldwide can enjoy clean, reliable, and affordable energy.
Solar Edge, founded in 2006, has developed DC-optimized inverter solutions. It has successively promoted diversified energy products to address a wide range of energy market segments, including residential, commercial, and large-scale photovoltaics, energy storage and backup solutions, Electric Vehicle charging, home energy management, grid services, and virtual power plants, batteries, and uninterruptible power supply (UPS) solutions. Solar edge is a global leader in intelligent energy technologies that power our lives and drive future progress.
Founded in 1958, LG is the only lithium-ion battery supplier with global production and R&D bases in Europe, the US, and Asia. LG has established a strong business portfolio to develop advanced automotive batteries, mobile and IT batteries, and ESS batteries and is committed to leading the energy industry’s future.
Founded in 1995, BYD is one of the world’s largest battery manufacturers, specializing in producing lithium iron phosphate batteries. Its business covers automotive, rail transit, renewable energy, and electronics. As a technology company with 27 years of professional experience, BYD has become an industry leader in renewable energy, focusing on energy production and storage and committed to using innovation to create a better life.