This Swiss giant is following a trend as large multinational high-tech companies see their role as redesigning infrastructure rather than supplying inverters at ever lower margins. Schneider Electric has pulled out of large scale solar, Siemens’ Kaco acquisition and Junelight launch show increasing interest in the C&I and residential markets, and GE is likely to divest its power conversion business due to low profit margins in that sector.
The inverter maker conducted tests and found the Tigo Energy TS4-R-F-42 could not always supply the rapid shutdown function called for by a new U.S. safety standard when applied in commercial and industrial systems featuring its inverter tech.
The French inverter maker is pulling out of the utility-scale segment to strengthen its profile in the residential and C&I space.
The power electronics maker will buy 75% of Kokam’s shares for $88 million, with an intent to acquire the remainder thereafter. Strategic company acquisitions and close partnerships are characterizing this year’s inverter market, as companies seek to diversify and integrate storage systems and other technologies.
While it took 60 months to reach the first million electric vehicle (EV) sales, in late 2015, it took the fourth million just six months. China is driving this development. Meanwhile, as first generation EVs batteries are reaching their end-of-life, interest in second-life use cases is growing. The volume of retired EV battery packs is set to be 108 GWh by 2029 – representing a third of the expected storage capacity market at that time.
A report by Technavio suggests the global market for battery materials could grow 9% annually for the next four years. Analysts point to the increasing installation of storage systems with PV as a key driver. pv magazine has covered previous reports predicting significant growth in PV and storage systems.
Enel Green Power North America and Raptor Maps will develop AI-based drones to reduce O&M costs. Kicking off this month, the project will see its first batch of 30 field workers trained by the end of the year. Both companies already have the relevant technology in their portfolios.
In the wake of the U.S.-China trade dispute, the Chinese government has loosened its policy on ownership caps for factory sites for foreign car brands. Previously, car companies could only retain 50% of the ownership of a factory and had to set up a joint venture with a Chinese partner. By setting up shop in China, Tesla can avoid import duties on its cars, to cater to a broader customer base.
BNEF predicts that solar PV capacity will grow 17-fold, and wind six-fold, by 2050, to account for nearly half of global electricity generation. Investments will reach $11.5 trillion. Cost reductions will drive this charge, particularly in the battery market. Despite this, the electricity sector is still failing to bring CO₂ emissions down to the required levels.
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