The company’s first energy storage system, dubbed Renewable Energy Accumulator and Conversion Technology (REACT), is expected to be available in 2014.

The energy storage features a 4.6kW single-phase grid connected Power-One inverter and a lithium-ion battery, providing 2kWh of usable capacity.

Power-One said the solution will enable home owners and landlords to store any energy produced by their PV installations for times with higher energy demands.

Power-One vice president of marketing Paolo Casini said looking at increasing electricity prices and reduced feed-in tariffs, self-consumption as well as energy independence will be the central issues for the residential PV market in the UK in the upcoming years.

"PV energy has to be available upon demand, since its feed-in to the grid is no longer worthwhile," Casini said.

"With REACT we enable homeowners and landlords to adjust energy production and consumption with their needs, helping them to increase self-consumption and save money on their energy bills with the energy storage solution."

Power-One will also showcase its range of inverter products for small and residential PV installations in Birmingham, UK for three days from 8 October 2013.