Solar battery storage is increasing in popularity, with decreasing battery costs and increasing residential and commercial solar installations. One of the leading companies behind solar battery storage could very well be SunPower Corp. (NASDAQ:SPWR).
Any homeowner or business wanting to produce their own energy is in luck because solar energy and energy storage are ramping up in the market. SunPower may be a company to pay attention to in terms of what it’s doing for the industry.
SunPower provides its residential and commercial businesses with more efficient solar panels than its competitors, and so, interest in the company has, as of late, been coming from more high-end markets. Already, SunPower is starting to bring new storage products to the market.
SunPower has said that it has $60 million of commercial energy storage backlog, and that half of next year’s commercial installations could include storage. The residential solar systems will also start being deployed next year with energy storage at scale. As such, SunPower is the biggest commercial solar installer in the US and one of the largest in the residential solar industry.
Energy storage is sure to become a valuable addition to residential and commercial solar systems, in part due to the fact that utility companies are putting out higher fixed fees and less net metering. That means any company, such as SunPower, that dabbles in solar energy and storage will be sure to benefit from this.
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