Q CELLS places US solar-storage market in its crosshairs with Geli acquisition

Facebook
Twitter
LinkedIn
Reddit
Email
Geli's system helps design and size systems appropriately and decide on revenue stacks. Image: Geli.

Q CELLS has signalled its intent to target the US solar and storage market by acquiring San Francisco-based storage solutions provider Growing Energy Labs Inc (Geli).

Q CELLS said it expected the acquisition to help mark its entrance into the US distributed energy market having already launched solutions in both Europe and Australia.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Geli’s offering comprises an end-to-end software platform that professes to streamline the process of designing, selling and managing energy storage assets. It uses a suite of artificial intelligence-led tools to determine the optimal size of energy storage systems and ideal revenue stacks for customers to target.

Q CELLS said that by leveraging Geli’s proprietary technology it would be able to provide more in-depth packages of solar and storage installs that comprise both hardware and software solutions.

Hee Cheul Kim, CEO at Q CELLS, said there is increasing demand for more comprehensive energy solutions, specifically in the energy storage space.

“We are excited to welcome the Geli team and work together to strengthen our competitiveness in the global distributed energy market. Q CELLS and Geli’s combined capabilities will allow us to provide smart energy solutions to our customers, and together we can unfold the next chapter towards a cleaner tomorrow,” he said.

Earlier this year Q CELLS launched its Q.HOME Cloud solution, which combines home solar and energy storage solutions with a cloud-based component used to ensure homes are provided with a “100% sustainable power supply”. The solar and storage elements provide the bulk of a home’s power, while the cloud solution is used to connect homes to other renewable sources during any shortfall periods.

The service is currently available in Germany and Austria, however it is expected to be expanded into other markets.

21 May 2024
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 21-22 May 2024, will be our third PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2025 and beyond.
8 October 2024
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 8-9 October 2024 is our second PV CellTech conference dedicated to the U.S. manufacturing sector. The event in 2023 was a sell out success and 2024 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.

Read Next

Subscribe to Newsletter

Upcoming Events

Solar Media Events
March 19, 2024
Texas, USA
Solar Media Events
March 26, 2024
Lisbon, Portugal
Solar Media Events
April 10, 2024
Dallas, Texas USA