Analyst data records 53% annual growth in storage in 2017, rising to 1.9 GW as South Korea climbed to top of the tree in terms of cumulative capacity. Global project pipeline has soared to 10.4 GW.
Inaugural global energy storage report by GTM Research finds that Australia’s behind-the-meter storage market tripled in 2017, while the U.S. remains the world’s leading market with an installed energy capacity of 431 MWh. China poised to rise to second place globally in 2019.
The Swiss power electronics giant has announced that its UNO-DM-PLUS string inverters are now operationally compatible with Tigo’s DC optimization technology, which also offers module-level monitoring and rapid shutdown capability.
The company is billing the contract with a portion of a 500 MW project as the largest corporate solar power purchase agreement (PPA) to date.
Joint communication between the European Union and the U.S. reveals that Washington has not agreed with suggestions from Brussels that EU solar imports were not causing any serious injury and thus should be subjected to a less penalizing tariff.
The Arizona-based module manufacturer will install a 50 MW battery system charged by a 65 MW solar farm under a 15-year power contract with the U.S. state’s largest utility.
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.