Parker Hannifin sells grid tie & power conversion business to Korea’s LSIS
Korea-based power and smart energy solutions provider LSIS has acquired the energy grid tie division of US manufacturer Parker Hannifin.
Under LSIS ownership, the division, which specialises in battery inverters and other power conversion systems, will be rebranded LS Energy Solutions.
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The newly reminted company will continue to focus on solutions for utility-scale applications as well as for behind-the-meter applications such as micro-grids.
Jim Hoeschler, president of LS Energy Solutions and the general manager of the EGT division before its acquisition, said: “With the rapid transformation of the energy landscape, including extensive deployment of renewable power sources and micro-grids, the need for flexible and cost-effective energy storage solutions will continue to grow. Combining our PCS and system integration capabilities with LSIS’s full line of electric power products…will make us a competitive one-stop shop for energy storage offerings for both behind and in front of the power meter.”
Terms of the deal were not disclosed.
Sunnova and ITOCHU team on US solar-plus-storage play
Sunnova and ITOCHU have joined forces to develop solar-plus-storage solutions for the US residential market.
Under the deal, ITOCHU, which has developed a solar-plus-storage brand, Smart Star, in Japan, will take an equity investment in Sunnova, a prominent residential solar and storage providers in the US.
Together, the two companies said they planned to combine their joint expertise as part of a long-term solar-plus-storage business strategy for residential households in the US.
This will include evaluating “GridShare Client”, the artificial intelligence software of UK-based Moixa Energy for Sunnova’s solar-plus-storage systems. ITOCHU has incorporated GridShare Client into its next-generation solar-plus-storage system, which it began marketing last month.
BYD Battery-Box ranked highest in HTW energy storage test
Chinese manufacturer BYD’s Battery Box has been ranked number one in a test of renewable energy storage systems by the Technical University of Berlin (HTW).
The test compared 20 systems commercially available in Germany, focusing in particular on their storage capacity and efficiency. BYD’s Battery Box scored highest four times in the test, which is aimed at providing installers with greater transparency and comparable data on the real-life performance of energy storage solutions.
According to HWT, around 100,000 PV systems combined with battery storage have now been installed in Germany. However, with commercially available storage systems using multiple different terms being used to describe their storage capacity and efficiency, installers face a difficult task in making reliable comparisons of competing products.
“Being very transparent in regards to our system specifications is a part of BYD’s company strategy,” said Julia Chen, global sales director, BYD Batteries. “We are therefore delighted that in this survey by HWT Berlin we were able to prove again how efficient our system works in combination with the inverter solutions by valued partners.”
Greensmith launches next-generation management system
Wärtsilä-owned Greensmith Energy has launched GEMS 6, the latest generation of its grid-scale energy management system.
GEMS 6 enables the integration of a wide array of generation assets including solar, wind, hydro, storage and thermal, and incorporates a range of new grid optimisation features.
John Jung, president and CEO of Greensmith Energy, said: “With this industry-leading energy management platform, we will enable our utility and IPP customers to integrate and optimise all of their energy resources to improve resiliency and flexibility during a time of tremendous transition – paving a viable way towards a 100% renewable energy future.”
Using software-based intelligence and machine learning to enhance grid systems and networks, Greensmith claimed GEMS 6 offers the widest library of algorithms and applications available in the industry.