The problem of storing the energy produced by solar power panels has been something that General Compression, a Boston-based company, has been working on. While many people may have installed solar power panels, there are surpluses of energy that could be “banked” for use by the homeowner or by their neighbors.
What General Compression hopes to do is have a storage facility for excess solar energy so that customers do not have to have storage at their home. This also allows for customers to draw from the bank when they need and not because of an overage of power they have stored on their property.
While the rules and regulations of the energy markets will have to be changed to allow for a storage facility of this type, people who have shortages of power can take energy from the bank when they need. People who have overages will be able to wait to take out energy, and everyone benefits from mutually-produced power in the end.