Interest in energy storage booms after implementation of NEM 3.0

The attachment rates of storage systems to distributed solar in CA are projected to increase from around 11% today to over 80% by 2027

California’s recent transition to a new framework to compensate customers who generate their own energy and export a portion of it back to the grid is leading to a flurry of interest in battery storage and is expected to significantly increase the number of batteries that are attached to solar systems over the next few years, industry experts say.

Companies like Sunrun and sonnen are introducing products and offerings that include energy storage, intended to derive the most value out of the new framework. Sunrun, for instance, recently launched an offering called Sunrun Shift, that enables customers to store excess rooftop solar energy for use when electricity prices are the highest.

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Source: Utility Dive

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