sonnen to open new manufacturing and R&D hub in Atlanta, US
Production at the InnovationHub expected to commence in the second quarter of the year, the German storage specialist confirmed. Facility combines sonnen’s U.S. manufacturing operations and product research capabilities.
Genex Power secures $76.8 million for 50 MW Australian mine PV
The Sydney-based developer has obtained A$100 million ($76.8 million) in funding from Clean Energy Finance Corp. (CEFC) and Societe Generale.
the pv magazine weekly digest
It’s been another typically busy week for solar in 2017. Predictions for the storage market are ballooning, while PV prices are shrinking, policy’s shifting, and ever more players are jumping into the fold.
UK energy storage: business models that wait for the policies
The Renewable Energy Association’s energy storage conference that took place in London this week affirmed the U.K.’s immense energy storage potential. To unlock this potential, however, the sector is waiting for policymakers to unveil new policies that will make country’s energy much more storage-friendly.
Tesla, LG Chem tipped to dominate massive battery storage market
Analysts at investment bank Morgan Stanley suggest Tesla and LG Chem are best positioned to take big market shares in a market that it predicts will grow faster than most others expect.
Sonnen wins US$1.5 million Zayed Future Energy Prize
The German battery manufacturer was chosen by the prize as the winner in the small & medium enterprise category. Sonnen CEO Christop Ostermann received the US$1.5 million award at the opening ceremony of the World Future Energy Summit in Abu Dhabi.
AES, Mitsubishi tie up on India’s first grid-scale storage array
The U.S. power group and the Japanese industrial giant will jointly supply a 10 MW Advancion energy storage bank to help integrate renewables such as solar into a grid network operated by Tata Power Delhi Distribution (Tata Power-DDL) in New Delhi.
Innogy completes acquisition of solar and battery specialist Belectric
German renewable energy developer has acquired international PV power and storage specialist Belectric for a sum in the double-digit million euro range, company confirms.
