SunPower Corp. (SPWR), the second-largest U.S. solar-panel maker, is testing power-storage systems in three countries to complement its residential systems, its chief executive officer said. The company is evaluating batteries in Germany, Australia and California and expects to have a product to sell to customers within the next couple of years, Chief Executive Officer Tom Wernersaid today in an interview at Bloomberg’s New York headquarters. Adding batteries to residential solar systems would let people power their homes at night with electricity generated during the day, decreasing demand for energy from the grid and creating a threat to utilities’ revenue, Werner said. California will require utilities to use storage by 2020 and Germany introduced incentives in May to promote wider use of the technology. “In the near term, we’re driven by policy,” he said. “In the long-term it’s economics.” The company, based in San Jose, California, gets at least 25 percent of its revenue from photovoltaic panels that end up on consumers’ rooftops. SolarCity Corp. (SCTY), which provides rooftop solar systems, began offering lithium-ion battery storage units made by Tesla Motors Inc. (TSLA) last week.
Demand from China, Japan, and USA will represent about 50% of the total worldwide market share in 2014. Due to the recovery of the European market and the rise of the emerging markets, supply and demand in the PV industry will be able to achieve equilibrium.
"We are honored to be awarded this large module supply agreement by Zhenfa New Energy. It is another milestone for Canadian Solar's achievements in the Chinese market, where we see the market improving with better pricing and payment terms," said Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar.
The rooftop system was constructed at Edberg-Olson Hall, Temple University's main football practice facility, and is the first of its kind at a college or university in Philadelphia.
Unirac Awarded Contract to supply 1MW Ground Mount Tracker (GMT) for Installation at United States Gypsum Facility
The project broke ground late in November and is scheduled to be completed in January 2014.
NADB is providing a $65 million loan for the construction of the facility ----The electricity produced by the project will be purchased by Imperial Irrigation District (IID)
The EnerPlex product line is quickly becoming recognized as the gold standard of solar-integrated consumer electronics, providing consumers with lightweight, powerful and extremely durable charging solutions for all their portable electronics.
Next generation technology to reduce the cost of solar while increasing power
Agency Ready to Work With Industry to Tackle Key Challenges
Corvus signs $12.5 million dollar grid energy storage contract
Lack of clarity at European level reinforces need for strong domestic policies
All three PV plants will be ground-mounted and are projected to annually supply 820 MWh of clean electricity to the grid based on a feed-in-tariff with self-consumption option.
GE ENERGY FINANCIAL SERVICES PROGRESSES IN SOLAR WITH COMPLETION OF INVESTMENT IN ONE OF THE WORLD'S LARGEST PV PLANTS, IN CA
EDF Renewable Services is providing long-term operations and maintenance for the project.
ABB's Terra 53 fast charger awarded critical safety listing to support latest generation electric vehicles throughout the Americas
Grupo T-Solar already operates 254 MW in Spain, Italy, India, Peru and USA, and prepares the construction of a new 30 MW plant in Puerto Rico
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