Storing Excess Solar Power in Hot Water on Household Level as Power-to-Heat System

PV technology has become widespread in the Netherlands, reaching a cumulative installed capacity of 22.4 GWp in 2023 and ranking second in the world for solar PV per capita at 1268 W/capita. Despite this growth, there is an inherent discrepancy between energy supply and demand during the day. While the netting system in the Netherlands can currently negate the economic drawbacks of this discrepancy, grid congestion and imbalanced electricity prices show that improvements are highly desirable for the sustainability of electricity grids. This research analyzes the effectiveness of a Power-to-Domestic-Hot-Water (P2DHW) system at improving the utilization of excess PV electricity in Dutch households and compares it to similar technologies. The results show that the example P2DHW system, the WaterAccu, compares favorably as a low cost and flexible solution. In particular, for twelve different households differing in size (1–6 occupants), PV capacity (2.4–8 kWp), and size of hot water storage boiler (50–300 L), it is shown that the total economic benefits for the period 2024–2032 vary from −€13 to €3055, assuming the current net metering scheme is abolished in 2027. Only for large households with low PV capacity are the benefits a little negative. Based on a multi-criteria analysis, it is found that the WaterAccu is the cheapest option compared to other storage options, such as a home battery, a heat pump boiler, and a solar boiler. A sensitivity study demonstrated that these results are overall robust. Furthermore, the WaterAccu has a positive societal impact owing to its peak shaving potential. Further research should focus on the potential of the technology to decrease grid congestion when implemented on a neighborhood scale.