It was a record year for global shipments of single-axis solar photovoltaic (PV) trackers in 2018, as they increased by more than 40%, surpassing 20 GW globally for the first time, writes IHS Markit senior analyst Camron Barati. While the United States continued to be the largest individual market for single-axis trackers last year, shipments also increased in Mexico, Australia, Egypt, Spain, and other large utility-scale markets.
IHS Markit’s senior market analyst for energy storage Julian Jansen discusses the role that South Korean battery producers play in the global storage chain, and sees reasons to be bullish for Europe’s own storage market.
A year of transition is perhaps the best way to characterize 2018’s PV Expo show in Tokyo, as Japanese module, inverter and storage firms hedge their bets while foreign innovation takes center stage.
As Energy Storage Europe approaches, pv magazine counts down the five highest-ranked energy storage highlights, selected by our independent jury, that visitors to the exhibition can lay their eyes on. In fifth-place was Electrochaea’s scalable methanation plant: A rather quirky hydrogen-to-methane storage innovation that won plaudits for delivering large-scale power-to-gas capability.
In the increasingly competitive commercial-and-industrial storage market, IHS Markit expects the segment to grow 10-fold over the next five years – and ranks the companies that will lead the charge.
Newly formed United Renewable Energy Co. is the result of the merger between three of Taiwan’s leading solar companies. Move comes at a time of intense competition in the Taiwanese solar space.
The German solar inverter specialist has increased its earnings forecast for the year to between €900m and €950m as orders swell.
IHS Markit says the complaint could also cause the U.S. market to crater 60% by 2021, causing global module oversupply and driving module prices ever lower.
A new white paper published by analysts at IHS Markit compares the electricity network with other key systems such as transport and data infrastructure. The report concludes that increasing the amount of electricity storage available could create a more flexible, efficient and reliable grid, and save billions of dollars each year.
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