Using a blockchain-based energy trading system, the company seeks to examine ways to bill customers in the best manner for them and prosumers. In light of the potential removal of export tariffs for small scale solar in the UK, the system could provide alternative remuneration for system owners. The trial will run for six months, with the possibility of extending it to two years.
With Theresa May’s government in full scale revolt this week over Brexit, the ECJ’s ruling that the European Commission wrongly failed to find fault with the UK capacity market mechanism four years ago, is likely to have Brexiteers on both sides of parliament frothing at the mouth with indignation.
Hanwha Q Cells is continuing its collaboration with CGN Power Group. The manufacturer is delivering its Q.Peak-G5 mono-crystalline PERC solar modules to a 150 MW site in China’s Hubei province.
The impressive growth is unlikely to replace coal-fired power generation as it will only be sufficient to cover the predicted increase in demand for electricity. The electrification of heating, manufacturing and transportation offer room for further development.
At an event in London, a new tool was presented which lets the user track the UK storage landscape. The market is gaining traction amidst disfavourable policies for solar PV and other renewables from Westminster. The UK’s storage portfolio seems to be growing rapidly.
Last December, the company’s CEO made a proposed transaction offer to acquire Canadia Solar. Mulling the offer, a special committee has now advised the company’s board to cease its review of the proposal, highlighting that it could not find sufficient certainty in the CEO’s ability to secure the funding for the transaction. Following the news today the CEO has withdrawn his offer.
EBITDA for the third quarter of 2018 increased 146%, revenue is also performing well, with the company expecting 40% increase throughout the second half of 2018, and the company reports that its gross profit has increased by 64% compared to 2017. Citing significant order increase for solar thin film products the materials suppliers touts strong three quarters of 2018.
The inverter maker took number one spot in the US from SMA this year, and acquired majority stakes and IP in uninterrupted power supply company Gamatronic and storage system provider Kokam. While other companies have consolidated, SolarEdge managed to report robust results.
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