Recent trends in building energy systems such as local renewable energy generation have created a distinct demand for energy storage systems to reduce the influence and dependency on the electric power grid. Under the current market conditions, a range of commercially available residential energy storage systems with batteries has been produced. This paper addresses the area of energy storage systems from multiple directions to provide a broader view on the state-of-the-art developments and trends in the field. Present standards and associated limitations of storage implementation are briefly described, followed by the analysis of parameters and features of commercial battery systems for residential applications. Further, the power electronic converters are reviewed in detail, with the focus on existing and perspective non-isolated solutions. The analysis covers well-known standard topologies, including buck-boost and bridge, as well as emerging solutions based on the unfolding inverter and fractional/partial power converters. Finally, trends and future prospects of the residential battery storage technologies are evaluated.