Energy storage was once viewed as a novelty or something only for those living off the grid, but with technological advancements and the rise of domestic renewable energy, this sector has significant potential.
Energy storage is a great complement to the concept of a “smart home”. Many intelligent storage systems enable you to monitor your energy consumption online and charge the batteries with off-peak electricity from the grid if you’re on a tariff that offers cheaper rates at specific times of day, such as the Dawnice 5Kwh.
Energy storage is starting to play a role in intelligent energy management at the grid level. In the future, individuals may be able to use their energy storage devices, such as hot water tanks, to store surplus electricity in exchange for preferential rates.