BYD and Fenecon sign storage systems deal27. June 2013 | Applications & Installations, Global PV markets, Industry & Suppliers, Markets & Trends | By: Edgar Meza
BYD Europe and Fenecon have signed a contract for 1,000 DESS-series energy storage systems, which the German wholesaler will offer to PV installation companies.
BYD Europe, a division of Chinese tech giant BYD Company, and German wholesaler Fenecon have signed an agreement through 2014 for 1,000 Distributed Energy Storage Systems (DESS).
The deal, made at the recent Intersolar Europe trade show in Munich, continues a development and distribution partnership between the two companies that spans more than two years.
Fenecon will offer the storage systems to PV installation companies.
"While most storage system manufacturers are still relying on simple balancing meter systems or charge extensive prices for technically advanced concepts, BYD is leading the market in technology as well as in total costs per kWh," said Fenecon CEO Franz-Josef Feilmeier.
"Seeing that the market increasingly asks for 'intelligent storage systems' instead of plain ‘PV-batteries’ leaves us confident to win many more installation partners. With BYD as our partner we are well prepared to fulfill the customer’s requirements."
Germany’s state-owned development bank KfW began providing subsidies for small photovoltaic storage systems in Germany in May – support that could benefit Fenecon and BYD’s new partnership.
The KfW’s subsidy program favors long-life and smart DC systems with lithium batteries and the companies therefore see Germany as "the future core-market for sales" for BYD’s DESS-series systems.
BYD and Fenecon have already partnered on the development of their three-phase storage system as well as new hybrid-systems, which the companies presented for the first time at this year’s Intersolar Europe.
The Shenzhen-based BYD, which specializes in IT, automobile and new energy, has some 180,000 employees worldwide and annual revenues of approximately $8 billion (€6.1 billion).
Headquartered in Deggendorf, Bavaria, Fenecon handles energy storage systems, solar modules and LED-lighting. The company also operates a sales office in Senegal.
Friday, 28.06.2013 11:04
Storage system should become more and more important for solar power suppply alongw with distributed system developing. BYD, a storage expert corp., has researched for many years in this area, especially storage battery and an infinitely bright future can be expected.
Keep your finger firmly on the photovoltaic pulse: sign up for our daily newsletter
- 4063 views
- 3992 views
- 2821 views
- 2070 views
- 2007 views
Want to publish your press releases for free? Simply log in or register, enter the information you want to appear and we'll publish it for you!