IoT

Having launched a residential storage system, the German giant announced plans last week to acquire inverter maker Kaco and start a new smart infrastructure business from April 1. In light of those moves, pv magazine spoke to IHS Markit’s Cormac Gilligan about the new kid, albeit huge, on the block.

IHS Markit’s analysts have mapped out what they are keeping an eye out for in the year ahead. Aside from higher installation figures, the number-crunchers predict a continued battle for multi-function in the hard-fought inverter segment and a potential watershed year for utility-scale storage.

With its investment, the energy company has broadened its portfolio of ways to help customers save on energy bills. There are multiple energy companies pursuing similar goals at the moment as distributed generation and storage solutions require utilities to find new business models; not the least to avoid grid expansion costs.

The storage system supplier is providing its technology to the Isles of Scilly as part of an ERDF-funded project to meet the remote islands’ energy demands more cheaply and cleanly. Until now islanders used fossil fuels and electricity from mainland Britain at high tariffs, prompting energy poverty for many.

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.