SolarEdge is targeting a world where the “majority of solar systems will include storage”, according to CEO Guy Sella, as the company announced record revenues and shipments in the third quarter of 2018.
An agreement to buy 75% of Korean battery manufacturer Kokam gives SolarEdge a level of vertical integration that could make the PV company a ‘one-stop-shop’ for customers, while SolarEdge could diversify into areas outside solar energy.
Smart energy and inverter company SolarEdge will acquire the South Korean battery manufacturer Kokam.
Home storage systems have been considered an ‘early adopter’ market in many parts of the world, perhaps more important as a way that individuals can control their own green energy use and save energy than as a means of generating big money returns.
Israel-headquartered SolarEdge launched a software platform for aggregating household energy storage units - and other distributed energy equipment - into virtual power plants, last week. The company’s solution has already been chosen for a VPP project in Australia by AGL, one of the country’s biggest utilities. The commercial launch of the VPP platform direct to customers is now underway. Andy Colthorpe spoke with Lior Handelsman, one of SolarEdge’s founders and vice president of marketing and product strategy.
Virtual power plants (VPPs) can greatly increase the value of home energy storage systems for a range of stakeholders including grid operators, utilities and their customers, according to SolarEdge, which has just launched a VPP software platform.
News in brief from around the world of energy storage.
Residential energy storage in Germany for PV self-consumption could be handed a boost in 2020, as some of the earliest premium feed-in tariffs (FiTs) begin to expire.
Solar Media’s Energy Storage Summit took place at the end of February and was attended by around 350 delegates and stakeholders, looking at energy storage markets in the UK and beyond. Collected here are seven interviews with leading figures at the event spanning utility-scale, commercial and residential energy storage.
SolarEdge is rolling out a new complete residential solution throughout Europe that combines inverters, storage and home automation. The idea is to manage and monitor electricity consumption, solar energy generation and storage through one central device control that enables enhanced energy independence and increases self-consumption.
By combining PV with a storage solution, homeowners gain from a variety of possibilities to increase self-consumption, improve system profitability, and get backup power. However, it is important to know how to select the right kind of storage solution. Lior Handelsman of SolarEdge discusses some of the main factors involved.
A local authority in London has procured a solar-plus-storage installation which the supplier claims will demonstrate that the technology can work at commercial scale in the UK.
SMA is aiming to tackle the market for retrofitting energy storage systems in to existing home PV installations, with a new AC-coupled version of its Sunny Boy inverter suitable for high voltage batteries.
We are approaching the sixth annual Solar Energy UK conference and exhibition, hosted by our publisher Solar Media. Taking place next week amid challenging times for the UK PV industry, recognition of the potential of storage at the top level at last, and actions already underway by the industry, will be among the central topics of discussion, with more exhibitors and conference strands than ever before.
Many in solar and other renewable energy industries are looking ahead to a future defined by self-consumption of on-site generated power and energy storage. As a key part of that, the role of the inverter is changing.