Second tier solar markets took center stage this week, with India, Australia, Malaysia and Brazil each turning heads with their PV development plans and announcements, as leading markets wobbled.
The announcement of a new and low-priced home battery from U.S. manufacturer Tesla is has generated quite a buzz in Germany, although many questions have remained unanswered — until now. pv magazine speaks to Tesla about its latest offering.
Demand for solar power storage systems in Germany is continuing to rise, with reports that over 10,000 storage batteries for PV systems have been subsidized since 2013. Q1 2015, meanwhile, has seen a 40% YOY increase in the subsidization of such systems.
German production equipment supplier Manz AG has recorded a significant loss in Q1 2015. However, the company remains positive for its 2015 outlook with a EUR 92 million ($103.7 million) order backlog and expects revenues between EUR 320 million (US$360.5 million) and EUR 340 million ($383.1 million) for the full year.
The solar company installed 153 MW in the first quarter, and increased revenue by 6% to reach $67.5 million.
Tesla presented its new battery power-storage system last week in California. The sensational low price of the system does not yet have the competition shaking in their boots; not officially, at least. On the contrary, whether the device can deliver on all that it promises is questionable.
Tesla’s breakthrough battery storage offering proves irresistible to leading solar companies keen on bundling the tech with their own service and products.
New home storage system requires collaboration with power electronic providers, greater cost reduction and attractive finance options to really achieve market penetration, say analysts.
Powerwall home battery and Powerpack commercial battery unveiled by Elon Musk last night could prove game changing for domestic and business storage.
Companies pair up to offer home energy storage to customers in the U.S. and Europe, roll out set to begin in second half of 2015.
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