Super fast EV charging solution secures BP Venture investment
British oil giant BP has announced a $20 million investment into battery developer Storedot, whose batteries use chemically synthesized organic molecules to build an organic polymer, in addition to lithium. Storedot says the astonishing properties of the new material enable electric vehicle charging times of just five minutes
Blockchain project Solar DAO will action its first PV plants, in Kazakhstan
The world’s first digital, autonomous, closed-end, utility-scale PV project investment fund – enabling people with any budget to become co-owners of projects – has announced the implementation of its first arrays, in Kazakhstan, with 4 MW in the north-west of the country and 4 MW in the south. Solar DAO says it will save about $50,000 per MW since total development costs will be less than $5,000 per MW.
SolarEdge posts 82% revenue growth, announces acquisition of Gamatronic
GAAP gross margin improved 4% year-on-year, while shipments grew by 345 MW in the most recent quarter. Through the acquisition of the U.S.-based UPS provider, the Israeli inverter supplier makes its first move outside of the pure-play solar sector.
Israel issues 1.6 GW scheme for rooftop solar
The scheme, set to be implemented over the next three years, includes net metering, FITs for small-scale solar, and a series of tenders.
All metrics point upwards as SolarEdge posts strong 2017 financials
The Israel-headquartered producer of power optimizers and inverters enjoyed a record year in 2017, increasing revenue by 24% to US$607 million and shipping more than 2.5 GW of inverters worldwide.
JA Solar supplies mono PERC modules to 35 MW Israeli PV plant
The Ashalim solar park is a 250 MW project that will combine concentrated solar power and photovoltaics once completed. JA Solar is sole supplier of the PV modules.
Israel to reintroduce FITs for rooftop PV up to 50 kW
A new scheme aimed at supporting all rooftop PV segments is expected to be launched soon by the government. The new mechanism includes net metering, although with an additional grid fee covering storage costs, and FITs for small-scale solar. The government is also planning new auctions for rooftop solar geared towards new models of entrepreneurship.
Module cleaning firm Ecoppia raises $13m in funding
The Israeli robotic cleaning specialist for the solar industry has completed a new funding round that will support the firm’s global expansion, meet growing demand and boost R&D.
Israel: 120 MW solar plant to be constructed by Belectric Isreal and Solel Boneh
Shikun & Binui Renewable Energy Ltd, the renewable energy arm of Israel conglomerate Shikun and Binui will own the plant, which will be located near the village of Zeélim.
Record quarter for SolarEdge as firm registers 22% growth in Q3
Revenue for the Israeli power electronics company rises 22% sequentially in third quarter to reach $166.6 million. More than 676 MW of inverters shipped helped drive gross margin of 34.9%.
