Pike Research recently released its “Community and Residential Energy Storage” report, which forecast the CRES market growing from US$19.2 million in 2012 to US$872 million in 2022 with a total worldwide capacity of 780MW. The 10-year increase is set to be driven by the expansion of distributed solar PV capacity, the adoption of plug-in EVs and the spread of dynamic pricing programs.
Inverter supplier Santerno has been awarded a supply contract worth 155MW for its skid inverter stations to be installed in an Imperial Valley, California solar plant. The company is yet to disclose further details on the project.
Japan has published its latest strategic energy plan, originally formulated in 2003 and reviewed every three years by conference bodies as well as various opinion polls. The latest revision includes a road map of energy-based economic growth and reformation of the energy infrastructure. The strategy is to ensure growth and encourage multi-faceted international trade by taking into account the social cost and price differences between nuclear, thermal and renewable energy generation.
MEMC Electronic Materials advised that during Q2 2012, it had completed sales contracts for four solar projects in Europe totalling 98MW. The company completed solar projects worth 60MW in Bulgaria and 38MW in Italy.
Ontario’s Thunder Bay Airport Solar Park has been chosen as a finalist in Intersolar North America’s 2012 Solar Project Award competition. The project, owned and developed by SkyPower and EPC-contracted to Canadian Solar was hand-selected by an expert panel as one of entries under the “Solar Projects North America” category.
A car carrier equipped with Panasonic’s hybrid power supply system has been finished, the company has announced. Panasonic supplied the Emerald Ace with a 160kW PV system as well as lithium-ion batteries. The system is primarily used to power the ship while it is at anchor so the diesel generator can be turned off.
Clenergy will be providing its PV-ezRack SolarTerrace I-B ground mounting system for a 40MW solar power station being developed in Jiayuguan, China by one of the country’s leading utility company’s and a well-known, but unnamed Chinese PV panel manufacturer. Clenergy’s PV-ezRack is the company’s newest product. It features beam and support components, which are standardized and fasteners of the same specification.
Solutia’s stockholders have voted in favour of its previously announced acquisition by Eastman Chemical Company. The original merger agreement was signed on January 26 and states that stockholders will receive US$22 in cash and 0.12 shares of Eastman common stock for each share of Solutia common stock.
With shipping due to commence in autumn 2012, Kaco New Energy used Intersolar Europe a fortnight ago as a platform to launch its new energy storage and management system, Powador-gridsave.
SPI Solar has purchased Italy-based EPC company Solar Green Technologies (SGT) from LDK Solar Europe Holdings and the founders of Solar Green Technologies, the company has announced. SPI invested US$5 million, consisting of approximately 13,400,533 SPI shares with a value of US$0.45 and circa US$250,000 in cash, paid to the two founders of Solar Green Technologies. The transaction adds 20MW in EPC contracts to SPI Solar’s portfolio.
