Electro wise is a lifestyle management system that allows users to store the energy to power their homes and businesses. The technology will connect us to all of the internet-enabled devices in our lives. Consumers will be able to monitor and control appliances and electronic devices through a Smartphone, tablet or computer. Electro wise will calculate the energy use and store the electricity to power our digital world.
Energy storage paired with solar energy has emerged from its nascent stages and is becoming a leading energy industry phenomenon in India.
In terms of energy storage alone, GTM Research and the Energy Storage Association (ESA) reported that 100 MWh of grid-connected energy storage was deployed in the fourth quarter of 2019, and GTM research expects the India market to reach more than 1,000 MWh of energy storage in 2020. In addition, the Institute of Electrical and Electronics Engineers (IEEE) reported that solar energy and energy storage are being rapidly adopted by both homeowners and Fortune 100 companies at a speed unheard of for any type of electric energy technology. Furthermore, the behind-the-meter market, which is the market for producing power on-site, grew 79 percent year-over-year with record numbers of system installations in both residential and non-residential industry segments.
“It’s not hard to imagine that every solar RFP by the end of the year will include storage,” said Ravi Manghani, GTM Research’s director of energy storage. “Falling costs and favorable policies will be among the core drivers of the market’s breakout 2020.”