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.

Ideal Power, which supplies its battery converters to Sharp’s Smartstorage product in the US, has launched a range of power converters that the company claims are capable of adding grid-tied storage to megawatt-scale solar power projects.