Modern homeowners have more power at their fingertips than ever before — and more control over it. In this new frontier of home energy management, the home and the grid work side-by-side to distribute energy generation, create redundancies and alleviate strained resources. Renewable energies and supporting technologies now provide homeowners with greater means to monitor and adjust their energy usage and minimize the financial impact of rising energy costs. From 2022 to 2023, households in the United States saw energy prices increase by 14% — the same percentage increase occurred over a nine-year period from 2013 to 2022. Parts of Europe have seen an even more significant impact, with some countries experiencing the cost of energy leaping by almost 100% in 2022, sparking the widespread adoption of solar energy and causing a complete reversal in trend. Now, the overproduction of solar is causing energy prices in Europe to frequently turn negative, leading to energy providers paying homeowners and exposing the significant need to store solar energy for when its needed most.
The rapidly evolving home energy storage space is the epitome of innovation. Home battery storage systems (BSS) are capturing surplus solar energy for later use, internet of things (IoT) connectivity is identifying power-hungry appliances and vehicle-to-home (V2H) technology is flipping the concept of home charging on its head. But home energy management is still in the early days of user adoption, and many are unfamiliar with technologies like BSS. Some may even have misconceptions regarding the risks of fire. No matter the role a device plays, energy management requires quality, reliability and safety — the industry’s success depends on it.
Molex has 80+ years’ experience helping industries like home energy management reach their potential through leading interconnect solutions and unmatched engineering expertise. Our UL-certified connectors along with our busbars ensure safe operation in high power, harsh environment applications — providing the reliable operation your customers expect. And in an industry of evolving regulatory requirements, our global footprint delivers solutions that adhere to regional market needs.
