Press Releases

The global solar microinverter and power optimizer market is studied in a new report from Transparency Market Research (TMR). The report is titled, ‘Solar Microinverter and Power Optimizer Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.’ It presents a detailed overview of the market’s historical development trajectory and its current figures. An in-depth analysis of these statistics is used to derive insightful information about the market’s future growth. The study discusses current trends and future opportunities in the market. According to the report, power optimizers and microinverters are currently one of the lucrative segments in the global solar power generation market.

Having spotted the emergent opportunities in this space, key players in the market are looking to expand their product portfolio. A case in point would be Kaco. The company focuses on releasing new microinverters and has recently launched newer models in order to diversify and expand its product range. Players are also entering into partnerships, especially with module suppliers, thus adding to the number of active suppliers in the trade. Thus, the degree of competition is likely to be high in the industry as the prices of power optimizers reduce in the coming future. Existing players in the market are striving to discover new sales channels and develop next-generation solar microinverter models. Many of the key players in the microinverters and power optimizer industry are implementing a feature that enables rapid shutdown in their latest product lines.

The continuous research and development efforts by key players in order to refine the technology is one of the key factors driving the global solar microinverter and power optimizer market. With rising awareness about the safety level of solar power systems, changes are expected in regulations and players in the market will benefit from this changing regulatory environment. Increased energy yields as a result of the use of solar microinverters and power optimizers will enable higher return on investment and this will fuel the growth of the market in the coming years. A drop in the prices of solar microinverters and power optimizers is encouraging their adoption, thus, boosting the market.

Since microinverters can harvest up to 25% more electricity than conventional inverter devices, they are increasingly being used worldwide, especially in the U.S, Australia, and the U.K. While Germany and France are expected to become mature markets for solar microinverter and power optimizers, the demand for these is expected to rise in the emerging nations of China and Japan. It is expected that the residential systems will become a significant market for microinverters. “Home batteries running on solar power have promising potential in the future,” says a TMR analyst.
http://www.transparencymarketresearch.com/solar-microinverter-power-optimizer-market.html

JinkoSolar Holding Co., Ltd., a global leader in the photovoltaic industry, today announced that it was appointed as one of the six co-chairs for the Business 20 (B20) Energy, Climate & Resource Efficiency Taskforce, under the leadership of the German G20 Presidency. This is the second consecutive year that JinkoSolar, the only Chinese enterprise and solar PV Company, participated in the B20 process. The selected Co-Chairs are leaders of well-known global enterprises and G20 members, and are vital contributors to the taskforce.
It is also the first time the Energy, Climate & Resource Efficiency (ECRE) Taskforce accepted JinkoSolar’s recommendation to include solar PV renewable energy as a key topic of discussion at B20 in Germany next year.
"We are honored to participate as Co-Chair of the B20’s ECRE Taskforce. The taskforce supports G20’s goals by obtaining the appropriate financing, carbon market mechanism and policy that is needed to support global investment flows. More specifically, the world’s infrastructure and clean energy requirements," said Mr. Xiande Li, Chairman of JinkoSolar, "This is the first time the B20 ECRE Taskforce selected a solar PV company as a Co-Chair. This indicates a common objective of G20 members to lead the world’s economy towards a more sustainable path. In order to alleviate the current economic challenges, green energy infrastructure reform is the key. Solar power is now undercutting coal fired electricity in lots of regions; we need to focus on ways to seek investment to support the huge demand for clean energy finance, and the transition to a low-carbon society," he added.
When discussing the Chinese solar industry, Mr. Li stated "China has the ability to manage the transition from an export-led manufacturing economy to a consumption-based, energy services economy, executing its strategy with great technical and business model innovation. Chinese clean energy companies such as JinkoSolar have grown rapidly in recent years, playing a critical role in accelerating grid-parity and delivering strong productive gains across more and more countries. They are not only meeting consumer needs of today, they are building scale for the future."
www.jinkosolar.com

SPI Energy Co., Ltd., a global provider of photovoltaic (PV) solutions for business, residential, government and utility customers and investors, today announced that the Company has been awarded the 2016 Outstanding Achievement Award – China New Energy Enterprise at the 2^nd Beijing Global Energy Leadership Summit.
Hosted by the Economic Observer and China Overseas Development Association with the support of the National Development and Reform Commission, the Summit is an annual event that brings together thought leaders, practitioners, and innovators from businesses, government, and academia to promote global cooperation across the energy industry, particularly among the green energy enterprises. This year’s Summit was held in conjunction with the 1^st International Industrial Capacity Cooperation Forum & the 8^th China Overseas Investment Fair, which took place October 20-21 at the Beijing Exhibition Center in Beijing.
Tairan Guo, Interim Chief Financial Officer of SPI Energy, participated as a panelist at the Summit and introduced the four pillars of the Company’s integrated clean energy ecosystem that feature Green Energy Technical Services (project development, EPC services, and EV rental), hybrid energy storage systems and management platform, green finance and e-commerce.
Mr. Xiaofeng Peng, Chairman and CEO of SPI Energy commented, "We view the Award as a recognition of SPI’s innovation and contribution as one of the leading clean energy brands in China. As we continue to expand, both vertically and horizontally, we believe that our strategic focus on creating a fully integrated clean energy ecosystem position us well for long-term success."
http://www.spisolar.com

Innovative Software Provider for Solar and Energy Storage Market Leverages Green Button Energy Usage Data; To Collaborate on Growing Green Button Ecosystem

Ideal Power Inc., a developer of innovative power conversion technologies, announced today that it has signed a Master Purchase Agreement with JLM Energy, a leading provider of commercial and industrial (C&I) energy storage systems, to supply its 30kW and 125kW power conversion systems for JLM Energy’s portfolio of commercial battery energy storage systems and microgrid projects. The agreement includes an initial purchase order for 4 MW of products to be delivered over the course of the next year.

“We researched all options for power conversion systems from manufacturers both domestic and abroad,” said Bob Montano, Vice President of Operations for JLM Energy. “Ideal Power offers a full range of products that fulfill the requirements of our product line while also providing industry-leading performance, cost, and customer focus.”

Ideal Power’s power conversion systems are based on its patented, industry-leading Power Packet Switching Architecture™ (PPSA) which offers customers a proven, compact, high-efficiency solution that has gained broad acceptance in the industry.

“JLM is a leading energy storage technology company with an impressive pipeline of commercial and residential projects. Their ability to drive stand-alone energy storage or microgrid projects through every development phase from design to manufacturing, installation, and system monitoring makes them a highly valued partner. We are pleased to supply our award-winning power conversion systems to their customers,” commented Ryan O’Keefe, Senior Vice President of Business Development of Ideal Power.
www.idealpower.com

Dubai, United Arab Emirates, Adenium Energy Capital, Ltd. announces the commissioning of four solar PV projects totaling 50 MW in Jordan. The four projects, 1 x 24 MW and 3 x 11 MW, which have been financed by the International Finance Corporation (IFC), Finnish Fund for Industrial Cooperation Ltd. (Finnfund), the Arab Bank and OPEC Fund for International Development (OFID), have recently been commissioned.

The good news for all owners of photovoltaic systems with RS485 data communication is that with the SMA COM Gateway, even existing systems can benefit from all options of the modern, Ethernet-based SMA Speedwire data communication.

Leading solar PV inverter company Huawei is delighted to announce that developer and EPC firm, Strata Solar, have selected Huawei string inverters for use in several of their utility-scale power plant projects in the United States.

90.75 kWp solar system in Croatia powers pumps for an orchard irrigation system

Three-year project to develop new state solar plans and programs