SHANGHAI, November 28, 2023 /PRNewswire/ — Pylontech and BloombergNEF (BNEF) took an important step in advancing the energy storage industry with the joint release of an in-depth white paper titled “Scaling the Residential Energy Storage Market” at the summit BNEF of Shanghai on November 27. This collaborative effort highlights the close partnership between the two entities, highlighting 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 regarding product choice, the industry value chain, and the policies and business models that will allow residential battery owners to take full advantage of the grid flexibility they can offer. The white paper delves deeper into these issues, providing in-depth 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 across multiple dimensions. In addition to providing economic benefits to users and giving them the ability to manage energy autonomously, residential energy storage, as an integral part of distributed energy, can provide essential services to the system electric. This helps society explore more efficient energy distribution methods, ultimately establishing a new energy network that is flexible, stable and reliable.
The white paper highlights the importance of global collaboration within the industrial value chain. Some Chinese companies have achieved long-term technological and manufacturing advantages in the fields of battery cells, battery modules, BMS (Battery Management Systems), etc. Conversely, some local foreign companies have stronger deployment capabilities, allowing them to offer energy aggregation and trading services. Collaboration between the two can generate complementary benefits, maximizing the value of residential storage.
Pylontech, a pioneering industry leader with over a decade of extensive experience, enjoys global recognition, particularly in the residential storage sector. BloombergNEF is an authoritative research provider specializing in analyzing future energy trends. Their collaborative effort to release the Global Residential Storage White Paper offers in-depth insights for the industry, driving innovation and collaboration and collectively contributing to the development of a sustainable global residential storage market.
Read the white paper here:
About BloombergNEF
BloombergNEF (BNEF) is a strategic research provider covering global commodity markets and the disruptive technologies driving the transition to a low-carbon economy. Their expertise assesses the ways in which the energy, transport, industry, construction and agriculture sectors can adapt to the energy transition. BNEF helps commodities trading, business strategy, finance and policy professionals navigate change and generate opportunities.
About Pylontech
Pylontech (stock code: 688063) was founded in 2009 as a dedicated provider of battery energy storage systems and became the first publicly traded company in the United States. China in 2020, with a focus on energy storage as its core business. Pylontech integrates the industrial chain with its strong research and development capabilities and comprehensive manufacturing expertise, ranging from cells to battery management systems and system integration. Its products and solutions are present in more than 80 countries and regions, with more than 1 million energy storage systems successfully commissioned. In 2022, Pylontech was ranked #1 residential battery energy storage provider by S&P Global Commodity Insights. »
SOURCE Pylontech