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Under the name Homevolt, Tibber and Polarium are launching home batteries that can both reduce a household's electricity costs and help stabilize the power grid.
"The more households that have energy storage, the more stable the electricity consumption, which is good for both price and grid," says Edgeir Aksnes, CEO and co-founder of Tibber.
"Energy storage is the key to unlocking the power of renewable energy," says Stefan Jansson, CEO and co-founder of Polarium.
With a battery at home, you can charge it when electricity prices are low and use it when they are high. You can also store electricity from solar panels.
The idea that many households will have their own batteries is part of the vision around the Energy Society Project, which Warp Institute drives together with ViaEuropa.
"If you have solar panels, Homevolt can help you store the energy you cannot use right now or want to sell to the grid. Thanks to the built-in inverter, the battery works with all solar installations on the market," says Daniel Lindén, co-founder and CPO of Tibber.
The market is growing rapidly. Last year, sales increased almost sevenfold.
"The potential for home batteries in the market is significant. Last year, sales increased almost seven times and this year, we also expect new sales records for both solar panels and batteries," says Daniel Lindén.
The battery can be ordered now from Tibber in Sweden and Norway, with more markets coming soon.
"It's the combination of hardware and software that makes Homevolt unique. It's a product that makes energy storage more accessible to homeowners - and that's a key for us to handle the electrification of society," says Edgeir Aksnes.
Watch our interview from 2021 with CEO Edgeir Aksnes, where he talks about the vision for Tibber.