Tuesday, September 20, 2022

Renogy Enters Home Energy Storage Market

Ontario, California-based solar equipment provider Renogy says it is expanding beyond solar panels and inverters, and into the home energy storage market. According to the company, it has rolled out a number of home energy storage products, including the Lycan Power Box PRO, which offers 4.8kWh of energy storage and a 5,000 watt inverter, which can work either with or without solar power; and the Aura Hybrid Home Battery System, a modular whole home solar battery system. Pricing on the new systems was not announced. Renogy provides its products to both the grid-connected and off-grid solar market. The company said that recent passing of the U.S. Inflation Reduction Act spurred its entry into the market, with both systems expected to qualify for the 30% investment tax credit under the Act.