Just as Australia thought its pioneering days were over, it has become the first country in the world to sell General Electric’s new solar inverters.
According to IHS Markit, energy storage inverter shipments are on track to reach 3 GW in 2018, growing to 7 GW by 2022. Currently, SMA is the market leader. Overall, the competitive landscape is “highly volatile” with expectations that consolidation will continue.
The two companies have installed systems in Kenya and the Democratic Republic of Congo to provide a cheap, secure energy supply. BloombergNEF has predicted the market for off-grid solar will grow considerably as it can meet the needs for universal energy supply at a cost competitive price.
GE Power Grid Solutions has presented a new white paper detailing the opportunities and challenges of smart grid applications in Sub-Saharan Africa. The report says that updating the centrally designed grid to expand and improve resilience may not be the most economical way to ensure energy access to the households in the region.
Large-scale battery energy storage system will be supplied by GE and tap into U.K.’s growing demand for stationary storage solutions.
GE Power has announced 12,000 jobs will go as part of its effort to cut structural costs by US$3.5 billion. Part of the reason for the move is the strong growth of renewables, and a softening of traditional power markets. Storage is said to be a “mega trend”.
Inverter division of GE is partnering with Engie subsidiary Solairedirect to supply 1 MW central inverter solutions to 140 MW of solar projects being developed in India, complete with 25-year service agreement.
The Danish company says that its collaboration with GE will allow it to become the world’s leading provider of silicon-carbide power modules.
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