Proceedings of the 2025 10th International Conference on Financial Innovation and Economic Development (ICFIED 2025)

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Residential Energy Storage System (RESS) Market Analysis and Business Simulation

Authors
Anfeng Xie1, *
1St. Paul’s School, Concord, NH, 03301, USA
*Corresponding author. Email: anfeng.xie@sps.edu
Corresponding Author
Anfeng Xie
Available Online 5 May 2025.
DOI
10.2991/978-94-6463-702-1_58How to use a DOI?
Keywords
Residential Energy Storage System (RESS); renewable energy; wave-harvester; PESTEL; Maslow; Deye; Sonnen; business simulation
Abstract

Renewable energy has been growing more than ever before due to commitments and trends to reach net zero and to ameliorate today’s environmental crisis. Nonetheless, the amount of electricity generated by some forms of renewable energy, such as solar and wind, fluctuates with weather. Hence, energy storage has become a major player in the challenge, and residential energy storage systems (RESS) are growing in popularity. This paper will analyze the reasons for the RESS market growth in Germany and South Africa with PESTEL and Malow’s model and how two tier 1 companies in either region—Sonnen (Germany) and Deye (South Africa)—employ these trends in their own success. Lastly, utilizing previous research and analyses, the paper proposes a business simulation in the Pacific Islands, focusing on Papua New Guinea.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2025 10th International Conference on Financial Innovation and Economic Development (ICFIED 2025)
Series
Advances in Economics, Business and Management Research
Publication Date
5 May 2025
ISBN
978-94-6463-702-1
ISSN
2352-5428
DOI
10.2991/978-94-6463-702-1_58How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Anfeng Xie
PY  - 2025
DA  - 2025/05/05
TI  - Residential Energy Storage System (RESS) Market Analysis and Business Simulation
BT  - Proceedings of the 2025 10th International Conference on Financial Innovation and Economic Development (ICFIED 2025)
PB  - Atlantis Press
SP  - 548
EP  - 562
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-702-1_58
DO  - 10.2991/978-94-6463-702-1_58
ID  - Xie2025
ER  -