Author: solarenergy
From January to the end of October 2024, Italy added 1.74 GW of storage system projects. November 27, 2024 Massimiliano Tripodo By ESS news Italian grid operator Terna, in its monthly magazine Electricity demand update for November 2024, it showed that the country added 1.74 GW of energy storage systems between January 1 and October 31, 2024. Terna published storage system data for the first time, reporting that Italy had approximately 707,000 installations at the end of October, equivalent to 11,783 MWh of capacity and 5,186 MW of nominal capacity, of which 864 MW were in the form of utility-scale…
Imperial Star Solarwhich will begin assembling modules from its Texas facility before the end of the year, announced it has entered into a multi-year supply agreement with Suniva for American-made solar cells. Market availability of solar panels with Suniva cells will start in the first half of 2025. “This partnership with Suniva exemplifies Imperial Star Solar’s mission to enable excellence in American solar energy,” said Isabella Xu, CEO of Imperial Star Solar. “By integrating Suniva’s domestically produced solar cells into our modules, we are strengthening a U.S. supply chain that prioritizes quality, control and energy security.” Suniva recently restarted solar…
Bolivia announces $1 billion deal with China to build lithium factories Bolivia said on Tuesday it had signed a $1 billion deal with China’s CBC, a subsidiary of the world’s largest lithium battery maker CATL, to build two lithium carbonate production plants in the southwestern part of the country. Bolivia’s state-owned Bolivia Lithium Deposits (YLB) said the plants – one with an annual capacity of 10,000 tonnes of lithium carbonate and the other of 25,000 tonnes – would be located in the vast Uyuni salt flats. Lithium, nicknamed ‘white gold’, is a key component in the production of batteries for…
Pexapark, a Switzerland-based provider of renewable energy market intelligence, says European developers signed 29 power purchase agreements (PPAs) in October, totaling more than 1.2 GW. November 27, 2024 Patrick Jowett According to Pexapark’s latest report, European developers signed 29 PPAs for 1,227 MW in October. The result is a 20% increase in disclosed volumes compared to September and a 26% increase in the number of deals. This makes October the fourth strongest month of the year so far in terms of volumes and the third in terms of number of deals. Tracked PPA prices reached €49.24 ($51.78)/MWh, down 1.7% month-on-month.…
SolarEdge will close its energy storage unit and manufacturing, eliminating 500 jobs. November 27, 2024 Tristan Rayner By ESS news SolarEdge has announced that it will close and sell its energy storage business and assets, resulting in a workforce reduction of approximately 12%, with employees in South Korea particularly affected as it seeks to restructure its operations. Ronen Faier, SolarEdge’s interim CEO, who was appointed in August 2024, said the measures address cost savings and an increased focus on core businesses. “The decision to close our Energy Storage division was the result of a thoughtful analysis of our portfolio of…
A four-year research project from several German universities is investigating the release of molecules involved in molecular solar thermal energy (MOST). They plan to modify the molecules to obtain the best possible properties for the storage technology. November 27, 2024 Patrick Jowett A German research group led by Goethe University Frankfurt is conducting research into MOST energy storage. MOST energy storage is still in its infancy and is described as a method of storing solar energy, similar to a heat battery, but consisting of a large number of synthetically made molecules. The Formost research project, which will run from 2023…
The location was taken over by ISG Renewables earlier this year. Image: Innovation. Innova Renewables has announced the successful activation of its latest solar project, a 27.8 MWp development in Warwickshire. The Elms Farm Solar Park was acquired in May this year by ISG Renewables, a joint venture between Innova and investment company Schroders Greencoat, after planning permission had already been granted in 2022 and construction had started in 2023. In October, ISG Renewables announced that a 15-year Corporate Power Purchase Agreement (CPPA) had been signed for the Elms Farm solar project, with Anglian Water agreeing to purchase 100% of…
Power electronics giant SolarEdge announced today it will shut down its energy storage division. This will result in the loss of 500 jobs, mostly in South Korea. The company expects to save $7.5 million this quarter with this decision. SolarEdge “The decision to close our energy storage division was the result of a thoughtful analysis of our portfolio of businesses and product lines, industry trends, and the competitive environment,” said Ronen Faier, interim CEO of SolarEdge. “The measures also represent continued execution of two of our main priorities: financial stability through cost reduction, return to cash flow positivity and profitability;…
The solar panel manufacturer announced a five-year lease for a factory in Albuquerque, New Mexico. November 27, 2024 Anne Fischer By pv magazine USA Maxeon Solar Technologies announced a geographic pivot strategy, stating its intention to exclusively serve the US market. “As Maxeon intensifies its focus on the U.S. market, our priority is to further expand our growing network of residential and commercial partners and support our established utility base,” said George Guo, CEO of Maxeon. To continue this new strategy, the company announced that it will lease a factory site in Albuquerque, New Mexico in early 2026 with plans…
A total of 620 battery units have arrived at Thornton Greener Grid Park, located in West Yorkshire. Image: Statkraft. Statkraft has reached a milestone in the construction of a 200MW battery energy storage system (BESS) with a two-hour capacity. A total of 620 battery units have arrived at Thornton Greener Grid Park, located in West Yorkshire. The site is expected to be operational in late 2025 and will store energy generated at the nearby (but separate) 49.9 MW Soay Solar Farm project, also being developed by Statkraft. Statkraft’s BESS projects are intended for short-term storage and typically last two hours.…