Energy storage inverter shipments to reach 3 GW in 2018, 7 GW in 2022
According to IHS Markit, energy storage inverter shipments are on track to reach 3 GW in 2018, growing to 7 GW by 2022. Currently, SMA is the market leader. Overall, the competitive landscape is “highly volatile” with expectations that consolidation will continue.
Hanwha Q Cells posts $165m loss in Q3
The South Korean PV manufacturer saw sales increase slightly in the last quarter. Net losses, however, more than quadrupled compared to the previous period.
Kokam installs 40 MWh storage in South Korea
The storage system company, in which Solaredge recently acquired a majority share, has said it will commission two large storage systems in South Korea before the end of the year. The market looks somewhat promising according to recent government initiatives, like the ‘Renewable Energy 3020’ plan and a 3 GW solar park on reclaimed land.
Korean utility develops blockchain-based micro-grid
The micro-grid will convert electricity into hydrogen by using a power-to-gas technology.
Hanwha supplying 100 MW mono PERC modules to China project
Hanwha Q Cells is continuing its collaboration with CGN Power Group. The manufacturer is delivering its Q.Peak-G5 mono-crystalline PERC solar modules to a 150 MW site in China’s Hubei province.
What’s in store for storage? $620bn
The rise of batteries will attract that headline figure in investment up to 2040, say analysts, as exponential growth in EV ownership, falling stationery system costs and the needs of the world’s grid-poor regions combine to boost lithium-ion technology.
Korea to build world’s largest solar park
President Moon Jae-in yesterday announced plans for a 3 GW project. South Korea plans to add 30 GW of PV by 2030, to improve the country’s hitherto poor renewable energy performance.
Hyundai to launch solar body kits for vehicles
In a joint effort with Kia Motors, Hyundai Motors is developing solar roofs and bodies for its EVs, hybrids and ICE vehicles to provide additional charging capacity. Depending on solar irradiation levels, the technology could provide 30-60% battery charge per day, the manufacturer says.
Asian market to see 355 GW of solar over five years, despite policy challenges
Despite political hurdles in key markets including China, India and Japan, Asia remains highly active. This year, 59 GW of solar is expected to be installed and due to further system price declines, a phase-out of subsidy schemes can be offset.
Hanwha continues tidy up of solar business with Nasdaq delisting
Hanwha Q Cells’ New York-listed business unit will come back under the company umbrella early next year, with a separate merger between two further units of the Korean conglomerate set to consolidate its solar expertise in house.
