A home energy storage partnership deal has been inked between California-based Verengo Solar and battery provider Swell Energy. The deal is intended to establish another one-stop home energy storage and backup power solution for the residential market.
Under the terms of the agreement, Verengo Solar will become a preferred installer of Swell Energy’s home solar battery products. Services offered by the two companies include “an energy storage solution that will allow customers to power their homes cleanly and quietly independent of the electrical grid for up to one day or, when paired with solar, potentially indefinitely.”
“We are seeing tremendous demand for home batteries, driven largely by advances and cost reductions in smart, lithium-ion battery technology, combined with increasing concerns around power outages and grid vulnerabilities among homeowners,” said Swell Energy co-founder Andrew Meyer in a press announcement. “By partnering with an established and well-respected installer like Verengo, we are making home battery backup a painless, quick and convenient addition for hundreds of thousands of energy conscious customers across the state.”
Understanding Energy Storage Systems
As Verengo and Swell state, “installing an energy storage system allows homeowners to create a protective barrier between their home and the grid, giving them independence from the volatility of grid-supplied energy. By taking in grid energy only when it is at its cheapest and storing up excess solar during the day, homeowners can wisely deploy this energy in their homes, securing their home energy and saving money.
Even without solar, a home battery provides homeowners:
- Clean, quiet, automatic backup protection for up to 24 hours.
- Cost savings through “smart energy management,” such as taking in electricity when it is cheapest and discharging when it is most expensive.
This is an important consideration for many of those wishing to operate with some level of energy independence from the grid.
“With the federal and state rebates now available and the rapid drop in panel and battery prices, rooftop solar and home storage are no longer a rich homeowners’ dream they are a smart consumers reality,” said Verengo CEO Dan Squiller.
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YouTube video via Swell Energy