Residential solar storage set to ramp up in the US
Residential solar plays Enphase (NASDAQ:ENPH) and SolarEdge (NASDAQ:SEDG) are both set to launch energy storage technology to complement residential solar installations in Q3/20, as is LG Chem (KRX:051910). LG Chem announced in July that it is coupling its 9.8kWh Resu battery with an Energy Hub inverter in a DC configuration which will be optimised for backup emergency power. SolarEdge will release its own residential battery later this year, and Enphase started shipments of its Encharge energy storage systems for pilot installations in June. The company said that it has more demand for the product than it can support in Q3/20....