SMA and LG Chem unveil battery inverter solution
German inverter specialist and South Korean electrical giant have collaborated on new residential storage solution comprising Sunny Boy inverter and LG’s new RESU 10H and 7H batteries.
MLPE suppliers embracing vertical integration to shift more units, says IHS Markit
Solar microinverters and power optimizer suppliers are embracing off-the-shelf integrated solar AC and smart modules as landscape for the MLPE sector evolves and grows, finds IHS Markit analysis.
Deutsche Bank sees South Australia at 95% renewables by 2025
Energy analysts at leading investment bank predict state of South Australia could easily beat aspirational target of 50% renewables by 2025, reaching 85% mark by 2020 and possibly as much as 95% by 2025.
Mercedes-Benz enters the U.S. energy storage market
Move over Elon. Mercedes-Benz Energy Americas has entered the wide-open U.S. EV+storage market, cherry-picking former sonnen USA CEO Boris von Bormann to lead the charge.
Oil giants dig up $1bn for climate change fund, but renewable industry skeptical
As reported earlier this week, the Oil and Gas Climate Initiative (OGCI) is to invest $1 billion over the next ten years in the development and deployment of innovative low emissions technologies. Funds unlikely to find their way towards renewable industry.
Varta prepares EUR 200 million IPO
The Germans battery maker plans to raise that amount from the sale of shares in the company on the Frankfurt Stock Exchange as it seeks to grow into the energy storage market.
Enphase grows Q3 revenue 12%, shipments 10%, but net losses continue
The U.S. microinverters specialist stems recent downward trend, posting solid Q3 revenue of $88.7 million and increasing microinverter shipments to 869,000. AC Battery rollout boosts performance.
Leclanché to undertake first energy storage project in the US
The Swiss energy storage solutions company has been selected by Swiss Green Electricity Management Group to act as EPC contractor and energy storage provider for the 20 MW Marengo Energy Storage Plant in Chicago, as part of a new strategic partnership between the pair to supply grid-scale battery solutions.
E.ON begins construction on 10 MW battery storage project in Arizona
The Iron Horse is the first energy storage project for E.ON North America, and accompanies a 2 MW PV system.
Panasonic's H1 sales fall on Japan PV weakness
The Osaka-based group’s net sales fell roughly 7% on the year to YEN 3,495.5 billion ($33.3 billion) in the first half of fiscal 2017, partly due to a year-on-year decline in sales of residential PV systems in Japan.
