House power storage, also known as home storage, is a vital component of distributed energy resources (DER). Distributed energy systems can lead to cost savings in power transmission and distribution, lower overall costs, and enhance power quality and energy efficiency. For households, these systems can reduce electricity costs by increasing self-consumption and participating in auxiliary services. Additionally, they serve as an emergency backup power source during grid outages due to major disasters or other disruptions, thereby improving the reliability of household power supply.
For the power grid, the growing share of volatile renewable energy (VRE) can exacerbate the mismatch between power generation and consumption. Energy storage systems help address this issue by shifting power over time, assisting the grid in balancing power generation and demand.
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