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SHANGHAI, Nov. 30, 2023 /PRNewswire/ -- Pylontech and BloombergNEF (BNEF) achieved a major milestone in advancing the energy storage industry by publishing a detailed white paper titled "Scaling the Residential Energy Storage Market residential energy storage market)" at the BNEF Shanghai Summit on November 27. This collaborative effort underscores the close partnership between the two entities, emphasizing their shared commitment to advancing the energy sector and contributing to global energy transition initiatives.
Over the past few years, the residential energy storage industry has seen rapid growth. However, questions remain over product choice, the industry value chain, and the policies and business models that will allow residential battery owners to realize the value of the grid flexibility they can offer. The white paper delves into these topics and offers insights by analyzing the current state of the residential market and projecting future developments.
The white paper conducts a comprehensive analysis of the value of residential energy storage from multiple dimensions. In addition to providing economic benefits to users and granting them the ability to manage energy autonomously, residential energy storage, as an integral component of distributed energy, can provide essential services to the electrical system. These social supports can more effectively explore energy dispatch methods and ultimately establish a flexible, stable and reliable new energy network.
The white paper highlights the importance of global collaboration within the industry value chain. Some Chinese companies have secured long-term technological and manufacturing advantages in battery cells, battery modules, BMS (battery management systems), and much more. In contrast, some local foreign companies have stronger implementation capabilities, allowing them to offer energy aggregation and trading services. Collaboration between the two can create complementary benefits and maximize the value of residential storage.
A pioneering industry leader with over a decade of deep-rooted experience, Pylontech is globally recognized, particularly in the residential storage sector. BloombergNEF is an authoritative research provider specializing in analyzing future energy trends. Their collaborative effort to publish the global white paper on residential storage provides deep insights for the industry, fosters innovation and collaboration, and collectively contributes to the development of a sustainable global residential storage market.
Read the whitepaper here: https://bit.ly/3sPhVRo
BloombergNEF (BNEF) is a strategic research provider covering global commodity markets and the disruptive technologies driving the transition to a low-carbon economy. Its expert coverage assesses ways for the energy, transport, industry, buildings and agriculture sectors to adapt to the energy transition. BNEF helps commodities trading, business strategy, finance and policy professionals navigate change and create opportunities.
Pylontech (stock code: 688063) was founded in 2009 as an exclusive supplier of battery energy storage systems and became the first listed company in China in 2020, with a main focus on energy storage as its business major. Pylontech integrates the industrial chain with its strong research and development capabilities and extensive manufacturing experience, ranging from cells, battery management systems and system integration. Its products and solutions have established a presence in more than 80 countries and regions, with more than one million energy storage systems successfully ordered. In 2022, Pylontech was ranked the number one provider of residential battery energy storage by S
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